VeThor (VTHO) has shot up a monumental 108% in the past 24 hours, bringing out a God candle on the daily chart with a peak of $0.01071.
VeThor VTHO $0.00259 24h volatility: 4.6% Market cap: $229.35 M Vol. 24h: $60.89 M has skyrocketed a massive 108% in the past 24 hours, outperforming its competitors, and is shining bright amid a stagnant crypto market. This unexpected surge in the price of the cryptocurrency resulted in VTHO claiming a substantial market capitalization of $429.55 million, and the digital asset now aims to enter the top 100.
Interestingly, VTHO is expected to skyrocket almost 350% from the current levels. Prominent analyst “Javon Marks” has predicted VTHO at $0.022693 later this year. In a post on social media platform X (formerly Twitter) in early January, Marks highlighted the possibility of VTHO skyrocketing 349.01% from current levels. It is possible that VeThor becomes the next multibagger during this cycle, following the footsteps of XRP $2.08 24h volatility: 0.3% Market cap: $121.69 B Vol. 24h: $1.46 B and SOL $139.1 24h volatility: 3.9% Market cap: $71.91 B Vol. 24h: $2.93 B .
$VTHO (VeThor Token) –
Target @ $0.022693 (Over +675% Upside) https://t.co/xrnfl7Rv3K pic.twitter.com/agy5SFXJ2r
— JAVON⚡️MARKS (@JavonTM1) January 3, 2025
VTHO Price Analysis
According to CoinMarketCap data, the trading volume of VTHO soared 7786.74% and stands at $333.3 million, and it is currently ranked 163rd. The sudden interest in the cryptocurrency came right after South Korean digital asset trading platform Upbit announced the listing of VTHO token on Tuesday.
Interestingly, the daily high for VTHO stands at $0.01071, a price level that hasn’t been witnessed by crypto investors in the past four years. The altcoin is now trading at a discount of 88.24% from its all-time high of $0.04201 witnessed around six years ago. Additionally, the altcoin has printed decent gains this cycle as well, surging 116.52% in the past year. In the last seven days, VTHO rose 95.93%.
It is important to note that the nearest resistance for VTHO stands between the $0.004 and $0.005 price levels. Investors can expect a retest of this region considering the surge in the digital asset’s popularity in the past day.
Photo: TradingView
The VTHO Relative Strength Index (RSI) reads a value of 74.73, which means that the altcoin is now overbought. A slight correction to the nearest support of $0.0022 could be possible if traders decide to take profit.
A Deeper Dive into VeThor Ecosystem
VTHO is a cryptocurrency that holds significant importance in the VeChain ecosystem. Following the rebranding of VeChain in 2018, the VeChainThor blockchain and VTHOR tokens were born. While VET remains the primary token of the blockchain, VTHO is specifically used to pay for transaction fees and smart contract execution on the network.
VTHO is generated by the amount of VET $0.0232 24h volatility: 0.6% Market cap: $2.00 B Vol. 24h: $41.08 M tokens held by the users. The rate of generation is heavily dependent on this amount. This dual system approach was born to maintain the stability of transaction costs, keeping them away from the crypto market’s volatility.
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