VeThor token sees a surge of over 80,300% after the token was listed on South Korea’s largest cryptocurrency exchange by trading volume, Upbit.
On January 21, Upbit launched trading support for VeThor Token (VTHO) on both the Korean Won (KRW) and Tether (USDT) markets. As of January 22, VTHO’s trading volume has increased by more than 88,000% in the past 24 hours. According to CoinMarketCap, Upbit accounts for more than 66% of VTHO’s trading volume, with more than $2.1 billion traded in just 24 hours.
As of this writing, VTHO is priced at $0.008981, reflecting a 300% increase in its value over the past 24 hours. However, it is still approximately 80% below its all-time high of $0.042, which was reached in August 2018.
VTHO was launched in July 2018 as part of the first phase of the VeChainThor blockchain, following its initial release as an ERC-20 token in 2015.
VeChainThor uses VTHO to power transactions and execute smart contracts on the network. VTHO is generated by holding VeChain (VET) tokens and is consumed during blockchain operations, ensuring efficiency and scalability within the ecosystem.
The number of unique addresses interacting with VTHO on the VeChainThor blockchain has continued to rise and in early January 2025 crossed the threshold of 2.9 million addresses as of this writing, according to VeChain statistics.
How high can VeThor go on this upward trajectory?
The MACD is a technical indicator of bullish or bearish momentum, as well as trend direction. It includes MACD line, signal line and histogram. MACD analysis indicates a recent crossover into the bullish zone, indicating an increase in upward pressure.
As the histogram widens between the MACD lines and the signal lines, the bullish momentum continues to grow. This indicates increased interest in VTHO which may continue to drive performance in the near future. While it cannot predict specific prices, it gives insight into market trends.
If the momentum continues and the market remains bullish, the symbol may retest resistance in the $0.01-$0.015 range. These psychological barriers are common for tokens priced below $0.01. However, nothing is certain. Do your due diligence.
