VeThor Token (VTHO) emerges as a force to be reckoned with, shadowing the footsteps of the reigning giant Bitcoin. VeThor Token, an integral part of the VeChainThor public blockchain, plays a major role in the platform’s smart contract layer. So, as Bitcoin navigates its course in the market, VeThor Token quietly maneuvers, making waves of its own.
The Rise of VeThor
VeThor Token’s inception traces back to the extensive rebranding of VeChain in 2018. Born alongside the native token VeChain Token (VET), VeThor Token operates on the VIP-180 Standard. This unique classification signifies its vital role in determining the cost of utilizing the VeChainThor blockchain. Unlike its sibling VET, VeThor Token focuses on streamlining processes and transactions within the blockchain’s smart contract framework.
As of now, VeThor Token stands at a live price of USD 0.005215, reflecting a 4.68% dip in the last 24 hours. The coin occupies the #145 position on CoinMarketCap, boasting a live market cap of USD 379,437,865.
Also, the trading volume for VeThor Token in the past day hit USD 146,287,797, indicating a dynamic market presence. With a circulating supply of 72,761,519,826 VTHO coins, the token shows its potential for widespread adoption.
VeThor Token vs. Bitcoin: A Comparative Glance
While Bitcoin remains the unparalleled leader with a live price of USD 51,710.83 and a market cap exceeding $1 trillion, VeThor Token’s climb is no less impressive. The market witnessed VTHO’s surge, with a recent tweet by @JavonTM1 highlighting its remarkable uptrend.
A staggering +150% increase in prices since a recent analysis demonstrates VeThor Token’s resilience and potential for substantial growth.
Bitcoin Influence on The Token
While Bitcoin traditionally sets the tone for market trends, VeThor Token shows its ability to chart an independent course. The correlation between these two cryptocurrencies is not one of dependence but rather of coexistence.
Moreover, VeThor Token’s surge is not merely a reaction to Bitcoin’s movement but a testament to its growing prominence and appeal to investors.
Twitter Buzz on VeThor Token
@JavonTM1 sets the crypto community abuzz with a tweet that echoes the enthusiasm surrounding VeThor Token. So, the tweet shows the token’s remarkable journey, noting an impressive +265% potential move to reach a target of $0.022693.
Conversely, investors are keeping a close eye on VeThor Token, recognizing its ability to make waves in the market and possibly outpace expectations.
VeThor Token’s Market Metrics
In the highly competitive cryptocurrency space, market metrics play an important role in evaluating a token’s performance. VeThor Token’s market cap of USD 379,437,865 positions it as a noteworthy player, standing tall at #145 on CoinMarketCap.
Also, the 24-hour trading volume of USD 146,287,797 and the circulating supply of 72,761,519,826 VTHO coins further accentuate its significance.
Conclusion
VeThor Token emerges as a formidable player, riding the waves alongside Bitcoin. Its recent surge in prices and positive sentiment on social media platforms shows its growing appeal.
While Bitcoin continues to dominate the market, VeThor Token’s ascent is a testament to its unique value proposition within the VeChainThor blockchain.
As the crypto community eagerly watches, VeThor Token’s journey is one filled with promise and potential, making it a standout in the top trending list.
The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from the company.
