VeThor Token is one of two cryptocurrencies issued by the blockchain-as-a-service network VeChain (VET). Working alongside the blockchain’s native VET token, VTHO forms a dual-token system that provides efficiency and stability for enterprise users.
In today’s article, we will take a closer look at the VeThor token and learn how it works. We shall also make price predictions for VTHO until the year 2030 and list exchanges where you can buy the coin from, before determining whether it is a credible cryptocurrency investment.
So, without further ado, let’s get started.
What is VeTHor (VTHO) Token?
VeThor Token is part of the dual-token ecosystem of the VeChain Thor blockchain, which also consists of the VET coin. The token plays an integral role in the functionality of the blockchain-as-a-service (BaaS) blockchain by facilitating services for enterprises that employ smart chips.
On the VeChain network, VTHO is used as a medium for implementing NFC chips, QR codes, and RFID trackers for enterprise Internet of Things (IoT) devices. It is also the gas currency for the blockchain where every transaction and smart contract operation is executed through the use of VTHO.
VeThor is a VIP-180 standard asset with a smart contract layer that enables multi-party payments and operates multi-task transactions.
How Does VeThor Work?
VTHO alongside VET is part of the dual-token infrastructure of the VeChain network that allows enterprise users to perform faster transactions and other operations on a BaaS platform.
All transactions involving smart contracts on the VeChain network are done using VTHO. The token is generated by holding VET. This means that you can earn VeThor by simply maintaining a VET balance on a compatible wallet. Furthermore, the relationship between the two tokens is mutually dependent, meaning that VET cannot function without VTHO, and vice versa.
All transactions made on the VeChain network are paid for in the VeThor token. After every transaction made to send data to smart contracts on VET, 70% of the VTHO used for the transaction is burned and the remaining 30% is paid out to the Authority Node, which is the body that validates all transactions on the blockchain.
VTHO has an unlimited supply, out of which, 78.8 billion tokens are currently in circulation. The token has a market cap of $320.4 million and has attained a 24-hour trading volume of $11.17 million, at the time of writing.
VeThor (VTHO) Price Prediction: 2024, 2025, 2026, 2027, 2028, 2029, 2030
As of press time, VTHO is trading at $0.004371 – up 4.2% in the last 24 hours.
Based on its current value, in 2024, we can expect VTHO to trade within a minimum and maximum price range of $0.00210 and $0.00303, respectively.
In 2025, the VeThor coin is predicted to trade at a yearly low of $0.00271 and a yearly high of $0.00390.
By 2026, it is estimated that VTHO could be trading within a price range of $0.00351 at its lowest and $0.00506 at its highest.
In 2027, the price of VTHO is expected to range between a minimum level of $0.00456 and a maximum of $0.00656.
By 2028, VTHO is forecasted to trade between $0.00591 at its lowest and $0.00850 at its peak.
In 2029, VeThor is predicted to trade within a price range of $0.00769 and $0.01107, respectively.
By 2030, VTHO could be trading between $0.00983 at its lowest and $0.01415 at its highest.
Where to Buy VeThor (VTHO) Tokens From?
VTHO coins can be purchased and traded on the following cryptocurrency exchanges:
Is VeThor (VTHO) A Good Cryptocurrency Investment?
VeThor is one of two cryptocurrencies powering the enterprise blockchain, VeChain. VTHO alongside the native VET token forms a dual-token system that powers the network’s Blockchain-as-a-Service operations.
The token can be used by enterprises on VeChain to deploy smart contracts and implement RFID trackers, QR codes, and NFC chips for IoT. It is also a native payment token of VeChain.
All things considered, I would say VTHO is a credible cryptocurrency investment as it plays a pivotal role in streamlining the functioning of the world’s most popular enterprise blockchain.
However, as is the case with all cryptocurrencies, VeThor is also prone to extreme price fluctuations. Therefore, it is highly recommended that you do your research before making any investment decision regarding VTHO.
