Vethor Price Prediction – Will VTHO Price Hit $1 in 2021?

This Vethor Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into account upon coming up with our VTHO price analysis and prediction.

The cryptocurrency market started to surge high. In fact, there are many cryptos that surged to a new all-time high during this 2021 bull run. In contrast, some crypto also experienced a downtrend position. As a result, many crypto traders are confused about whether it is time to hold or sell their crypto. This is also the same challenge that traders are experiencing in VTHO.

Nevertheless, the crypto market is consolidating lately, and most crypto assets are losing their previous profits. Will VTHO experience the same price volatility? We’ll find out shortly in this VTHO price analysis 2021 article. But first, let’s have a look at what VTHO is.

What Is Vethor (VTHO)?

VeThor Token is one of the two tokens governed by the VeChainThor public blockchain. VeChain was launched in 2015, but it went through a rebranding process in 2018. While VeChain Token (VET) is the native token for the platform, VeThor Token (VTHO) plays an important role in the overall functionality of the blockchain.

The VeThor Token is a VIP-180 Standard token that represents the cost of using the VeChainThor blockchain. Moreover, its primary purpose is to facilitate processes and transactions on the blockchain, and it essentially represents the smart contract layer of the network.

Now that we have an idea about VTHO, do you think VTHO will be profitable crypto in 2021? Join me and let us see the charts in this VTHO price analysis and VTHO price prediction.

VTHO Current Market Status

As of the time of writing this VeThor technical analysis, VTHO trades at $0.006641 with a 24-hour trading volume of $14,733,798. The price of VTHO has increased by 2.86% in the last 24 hours.

Furthermore, VTHO has a current circulating supply of 38.32B. Currently, the top crypto asset trading platforms for VTHO are Binance, Bitrue, BigONE, Gate.io and MXC.COM.

Now, let’s proceed to the next part of this VTHO technical analysis for 2021.

VeThor Price Analysis 2021

Recently, VTHO held 101 places on CoinGecko. But will the recent upgrades and changes in the blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this VTHO price prediction article.

In the chart above, which is set in a daily time frame, we can see the Descending Channel pattern. A descending channel is the price action that takes place in a downward direction through a sloping parallel line. Also, the chart displays the lower highs and lower lows from this price pattern. More so, this pattern represents a short-term bullish.

As shown above, at the beginning of this month, VTHO turned from its bear to bull trend. This is the result of the high trade volume that happened in that period.

The Relative Strength Index (RSI) is at 60.17, which means that VTHO is in a nearly overbought state. However, this may lead to a price reversal at any given time. Therefore, crypto traders must trade wisely and must not be affected by the market hype. With this in mind, traders must be careful to avoid unexpected losses due to the crypto market’s wild swings.

Let us also look at the Exponential Moving Average (EMA) and the Simple Moving Average (SMA) of Vethor.

Since the start of 2021, VTHO’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by consolidation, fluctuations and corrections right away. Taking this into consideration, VTHO has a competitive market this 2021.

VeThor Price Prediction 2021

As shown below in this VTHO price forecast chart, in a smaller time frame, VTHO has shown a bullish uptrend.

The above Decentraland price forecast shows that VTHO displayed a bullish uptrend. In ideal cases, this might even lead to a price breakout.

More so, in the short-to-mid term scenario for our 2021 VTHO price prediction, VTHO has to break past the Fib retracement level at $0.019. To do this, it has to establish more support at the Fib level at $0.014. If not, bears may gain the upper hand and drag VTHO to their territory.

VeThor Price Prediction 2022

If this bullish trend continues, VTHO will reach $0.05 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $0.07. Then this rise will slow down, but no major falls are expected. With upcoming partnerships, and developments reaching $0.05 is quite optimistic in the price point of view but undoubtedly feasible for the near future. This indicates that VTHO has a high possibility of reaching a new ATH soon.

VeThor Price Prediction 2023

The price of VTHO can move even great heights, however reaching $0.5. Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency VTHO breaks past the psychological resistance level.

VeThor Price Prediction 2024

As per the latest upgrades, developments, VTHO price prediction, and new project forecasts of the platform the price surges. Moreover, this might boost the price of VTHO in the crypto market, and it will be the best investment as the price can spike and reach around $2.5.

VeThor Price Prediction 2025

In the next four years, VTHO prices could race up to $4.5. However, reaching this level could not be so difficult for VTHO as additional medium, short-term, and long-term price targets could be found to purchase or sell orders.

Conclusion

VTHO seems to have a great future ahead in 2021. With the ongoing developments happening within the VTHO ecosystem, as well as in the overall crypto market, we may see VTHO reach new heights.

Even more, the bullish VTHO price prediction in  2021 is $0.019. Meanwhile, our long-term VTHO price prediction 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $0.042 this year. However, that will only happen if it breaks the previous number of psychological resistances. It may even reach $1 if investors continue to side with VTHO this year along with mainstream cryptocurrencies like Bitcoin and Ethereum.

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Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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