VeThor Token is one of the two native tokens of the VeChainThor blockchain. VeChainThor is a sustainable, low-power network that global businesses and governments can use to take advantage of smart contracts and decentralized applications. VeThor Token is a standard VIP-180 token, which represents the cost of using the VeChainThor blockchain. Its main purpose is to facilitate processes and transactions on the blockchain and it essentially represents the smart contract layer of the network.
VeThor Token is automatically generated by holders of VeChain Token (VET), which is the network’s other native token. VET is the token that represents the value and governance of the VeChainThor blockchain. VET holders receive a fixed amount of VeThor Token every second, based on the amount of VET they hold. The generation rate is 0.000432 VTHO per VET per day. In addition, VET holders can increase their generation rate by participating in the X Node incentive program, which rewards nodes that block a certain amount of VET for a period of time
.
VeThor Token is used to pay gas network fees, which are necessary to execute transactions and smart contracts on the VeChainThor blockchain. Gas fees are calculated based on the complexity and size of the transactions, and are paid by the senders or recipients of the transactions. The base price of gas is 21 VTHO per unit of gas, but it may vary based on market demand and supply. The price of gas is regulated by a dynamic control mechanism, which aims to maintain a balance between supply and demand for VeThor Token and to ensure low commission volatility
.
VeThor Token was launched in 2018, together with the VeChainThor blockchain, as part of the VeChain rebranding process. VeChain was initially launched in 2015, as an Ethereum-based platform focused on the supply chain management sector. In 2018, VeChain migrated to its own independent blockchain, called VeChainThor, which introduced the two-token model, consisting
of VET and VTHO.
When will it reach 1 dollar?
The price of VeThor Token depends on various factors, including market demand and supply, macroeconomic conditions, technological innovations, competition, and speculation. Therefore, it is not possible to predict with certainty when VeThor Token will reach 1 dollar or any other value
.
However, we can make some assumptions based on historical data, technical analysis, and growth projections. At the time of writing this article, the price of VeThor Token is approximately 0.004997 dollars, with a market capitalization of approximately 361 million dollars and a circulating supply of approximately 72.5 billion tokens. To reach 1 dollar, VeThor Token should increase about 200 times its current value, bringing its market capitalization to around 72.5 billion dollars and its price/supply ratio (P/S
) to around 100.
This scenario would imply that VeChainThor would become one of the main blockchains for decentralized applications, with significant market share and strong demand for its services. In addition, it would require that the cryptocurrency market as a whole remain in a bullish phase, with increased trust and adoption by users
and developers.
Taking these factors into account, we can estimate that VeThor Token could reach 1 dollar by 2028, assuming an average annual growth of 100%. This is a very optimistic estimate and subject to many uncertainties and risks. Therefore, we recommend that you do your own research and not base your investment decisions on this prediction alone
.
When will it reach 10 dollars?
To reach 10 dollars, VeThor Token would have to increase about 2000 times its current value, bringing its market capitalization to about 725 billion dollars and its P/S ratio to about 1000. This scenario would imply that VeChainThor would become one of the most dominant and influential blockchains for decentralized applications, with a market share comparable to that of Ethereum or Binance Smart Chain. In addition, it would require the cryptocurrency market as a whole to reach an unprecedented size and maturity, with a global spread
and favorable regulation.
Taking these factors into account, we can estimate that VeThor Token could reach 10 dollars by 2035, assuming an average annual growth of 150%. This is a very bold and unlikely estimate, which would require a series of favorable events and an exceptional performance from VeChainThor. Therefore, we recommend that you be cautious and realistic and that you do not base your investment decisions on this prediction alone
.
When will it reach 100 dollars?
To reach 100 dollars, VeThor Token would have to increase about 20000 times its current value, bringing its market capitalization to about 7.25 trillion dollars and its P/S ratio to about 10000. This scenario would imply that VeChainThor would become the most important and revolutionary blockchain for decentralized applications, with a market share greater than that of any other existing blockchain. In addition, it would require the cryptocurrency market as a whole to reach an unimaginable scale and penetration, with mass adoption and social and economic transformation
.
Taking these factors into account, we can estimate that VeThor Token could reach 100 dollars by 2040, assuming an average annual growth of 200%. This is a very unrealistic and almost impossible estimate, which would require a combination of miracles and an incredible performance from VeChainThor. Therefore, it is recommended to be very skeptical and cautious and not to base your investment decisions on this prediction alone
.
When will it reach 1000 dollars?
To reach 1000 dollars, VeThor Token would have to increase about 200000 times its current value, bringing its market capitalization to about 72.5 trillion dollars and its P/S ratio to about 100000. This scenario would imply that VeChainThor would become the most powerful and innovative blockchain for decentralized applications, with a market share greater than that of all other blockchains combined. In addition, it would require the cryptocurrency market as a whole to achieve unparalleled magnitude and relevance, with universal adoption and a radical transformation of the world
.
Taking these factors into account, we can estimate that VeThor Token could reach 1000 dollars by 2045, assuming an average annual growth of 250%.
Is it worth it to invest?
VeThor Token is one of the two native tokens of the VeChainThor blockchain, which represents the cost of using the network. VeThor Token is generated by the holders of VeChain Token, which represents the value and governance of the network. VeThor Token is used to pay gas fees, which are necessary to execute transactions and smart contracts on the VeChainThor blockchain
.
Investing in VeThor Token requires a good deal of research, analysis and caution, as it is a token still under development and with many challenges and unknowns to face. In addition, investing in cryptocurrencies involves a high degree of uncertainty, volatility and speculation, and is not suitable for all risk profiles, time horizons and return objectives. Therefore, it is advisable to make your own assessments and not to base your investment decisions only on the forecasts or opinions of others
.
VeThor Token Price Prediction
Below is a table with our VeThor Token price forecasts from 2024 to 2030, based on optimistic, bold, unrealistic and imaginative assumptions. These are purely indicative estimates and do not constitute a guarantee or investment recommendation
.
Anno | Price (USD) | Average annual growth (%) |
---|---|---|
2024 | 0.05 | 138 |
2025 | 0.12 | 140 |
2026 | 0.29 | 142 |
2027 | 0.70 | 144 |
2028 | 1.71 | 146 |
2029 | 4.20 | 148 |
2030 | 10.38 | 150 |