VeChain Thor is a cryptocurrency that is up nearly 1000% in the last year. It has been making waves across the crypto space and is currently sitting at $1.37 USD per VET. This article will explore the future of VTHO and whether it could be worth more than $2 by 2024.
The vethor token price prediction 2030 is a question that many people are asking. The vethor token price prediction 2030 is an interesting question, but it is difficult to answer.
- VITE is a smart-contract platform based on Directed Acyclic Graphs.
- The range of bullish VITE price predictions is $0.275 to $0.5.
- VITE may have a strong market performance in 2024, hitting new highs.
This post on VeTHOr Price Prediction 2024 is solely based on technical analysis. In this post, you’ll learn about the main factors that went into our VTHO price research and forecast.
Cryptocurrency is becoming a very speculative means of generating high returns on investment. Many traders and investors are unsure whether they should sell or wait for a better price.
The VeChainThor public blockchain uses two tokens: VeThor Token and VeChainThor Token. The first version of VTHO was released in 2015. However, in 2018, it underwent a significant makeover. VTHO also has a significant impact on the blockchain’s overall functioning.
The VeThor Token is a standard VIP-180 token that reflects the cost of using the VeChainThor blockchain. However, its main purpose is to make blockchain procedures and transactions easier.
Current VTHO Price
At the time of writing, the VTHO price was $0.0102, with a 24-hour trading volume of $137 million, according to CoinGecko. Furthermore, in the past 24 hours, the price has increased by 46 percent.
The current circulating supply of VTHO is 33.25 billion units. Binance, Gate.io, Bitrue, MXC.COM, and BigONE are now the leading crypto trading platforms for VTHO.
Let’s move on to the next section of our VTHO price prediction for 2024.
VTHO Price Forecast 2024
The Ascending Scallop pattern may be seen in the monthly time frame graphic below. This is usually followed by an upward trend. Furthermore, a downturn may be followed by this pattern. More importantly, the pattern itself pushes a break to the upside. This pattern took more than a month to develop.
Ascending Scallop Pattern on the VTHO/USDT chart (Source: TradingView)
VTHOR shifted from a bear to a bull trend in the start of 2024, as seen above. This indicates that there was a significant amount of trading during that time period. ABOVE 70 on the Relative Strength Index (RSI). This implies that the RSI is overbought, which may lead to a market reversal at any moment.
As a result, traders must trade correctly and avoid being influenced by market hype. With this in mind, traders should exercise caution and avoid incurring unexpected losses as a result of the crypto market’s unpredictable swings.
Price Prediction for VTHO in 2024
Examine the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) as well (EMA).
With a 30-day SMA and a 50-day EMA, the VTHO price chart looks like this. (Image courtesy of TradingView)
- $0.012 is the first level of resistance.
- Level 2 Resistance – $0.015
- Level 1 Support – $0.0056
- Level 2 Support – $0.0036
The price of VTHO has risen steadily since the beginning of 2024. The figure above depicts VTHO’s strong performance over the past several days. The price of VTHO is rising in a positive trend. If the current trend continues, VTHO will follow the bulls, breaking over the $0.012 resistance level and climbing to $0.015.
If the current bullish trend continues, the VTHO may surpass its all-time high (ATH) of $0.042. In contrast, if investors abandon cryptocurrencies, the bears may seize control. Furthermore, the VTHO price may drop to almost $0.036, indicating a negative indication.
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The vethor token price prediction 2024 is a cryptocurrency that is currently trading at $0.0037. It has a market cap of $10,849,827 and the volume for this day is $1,735.
Frequently Asked Questions
Is VeThor token a good investment 2024?
It is difficult to say whether or not VeThor token will be a good investment in the future. This is because it is hard for anyone to predict what the market will do in the next few years.
Will VeThor price go up?
VeThor is a highly sought after item and has been in high demand. As such, the price of VeThor could go up.
Is VTHO worth anything?
VTHO is a cryptocurrency that is not worth anything.