VeThor token is seeing an increase of over 80,300% after the token was listed on South Korea's largest crypto exchange by trading volume, Upbit.
On January 21, Upbit launched trading support for VeThor Token (VTHO) in both Korean Won (KRW) and Tether (USDT) markets. As of January 22, VTHO's trading volume has increased by over 88,000% in the past 24 hours. According to CoinMarketCap, Upbit accounts for over 66% of VTHO's trading volume, with over $2.1 billion traded in just 24 hours.
As of this writing, the price of VTHO is at $0.008981, representing an increase of over 300% in value over the past 24 hours. However, it is still about 80% below the 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, after initially being revealed as ERC-20 mark in 2015.
VeChainThor uses VTHO to power transactions and execute smart contracts on the network. VTHO is created by holding VeChain Tokens (VET) and spend it during blockchain operations, ensuring efficiency and scalability within the ecosystem.
The number of unique addresses interacting with the VTHO on the VeChainThor blockchain continued to rise and in early January 2025 crossed the threshold of 2.9 million addresses as of this writing. VeChain stock price history.
How far can VeThor get up to chase this bull?
The MACD is a technical indicator of a bullish or bearish trend, as well as a trend direction. It includes MACD line, indicator line, and histogram. MACD analysis notes the recent crossover into support territory, which indicates an increase in bullish pressure.
As the histogram expands between the MACD and indicator lines, bullish momentum continues to grow. This indicates increased interest in VTHO which may continue to drive performance in the near term. Although it cannot predict specific prices, it gives us an insight into the direction of the market.
Should momentum hold and the market will stay bullishthe token may reconfirm resistance in the $0.01 – $0.015 range. These psychological barriers are common for tokens with prices below $0.01. However, nothing is certain. Do your own due diligence.
