VeThor Token (VTHO) is one of the native tokens of the VeChainThor blockchain, used to pay gas fees for transactions on the network. Over the past month, VTHO has gained a staggering 95.59%, capturing the attention of investors.
From a technical analysis perspective, moving averages suggest a "buy" signal, while technical indicators hint at a "sell," reflecting a market in a state of indecision. This calls for cautious optimism among traders.
On the fundamental side, VTHO’s market cap is approximately $300 million, with a circulating supply of 83.8 billion tokens. The growth and adoption of the VeChain ecosystem could drive increased demand for VTHO.
By the end of the year, assuming favorable market conditions and the expansion of the VeChain ecosystem, VTHO’s price might rise to the $0.0045-$0.0050 range. However, given the inherent volatility of cryptocurrency markets, investors are advised to proceed with caution.