Will VTHO Reach $1?
|Current Market Cap||$74.1 M||Lower|
|Trading Volume||$1.3 M||Higher|
|Metric||Last 24 Hours||Trend|
|Net Social Media Sentiment||7.7%||Higher|
Coinbase Listing Announcement: VeChain (VET) and VeThor (VTHO) have been launched on Coinbase’s website and its mobile applications. Coinbase users can now perform various transactions with these assets, such as buying, selling, converting, sending, receiving, or storing them.
VeChain, in collaboration with the EasyA app, has seen almost 10,000 developers join their #60Daysofvechain challenges. To celebrate this, they’re selecting 200 developers for a special hackathon at Harvard on October 7-8, offering both a $30,000 prize and networking opportunities with industry leaders from VeChain and beyond. This move highlights VeChain’s dedication to nurturing its developer community.
VTHO Buy or Sell Poll (New)
Will VTHO Reach $1? About VeChainThor and VTHO
VechainThor is a public blockchain that aims to help global enterprises and governments achieve Sustainable Development Goals efficiently, quickly, and at a low cost. It utilizes a unique consensus mechanism called Proof-of-Authority, which ensures fast and secure transaction processing and enables secure governance by trusted nodes. The platform is designed to handle a high volume of transactions per second, making it suitable for scalable solutions.
The VechainThor platform incorporates a two-token design consisting of VET and VTHO. VET serves as a utility token for transferring value, while VTHO represents the cost of using the VechainThor platform (Energy). This two-token system helps separate the cost of blockchain usage from market speculation, which is essential for enterprise adoption.
With over 2 million active wallet addresses and millions of clauses and transactions to date, VechainThor demonstrates its ability to handle high volumes of activity. The cost per transaction is incredibly low at $0.0015, promoting accessibility and affordability.
VTHO Price Performance so far
- Last 12 Months: 0.0%
- Since Launch (2018): -96.1%
Will VTHO Reach $1? Detailed Analysis
In order for VTHO to reach $1, it would need to increase by a factor of 811. At $1, VTHO’s Market Cap will be $64 Billion. If VTHO were to grow at a rate of 25% each year, it would take about 8 years to reach $1. Let us evaluate this data
- Quality of Investment- Moderate (based on its past performance)
- Growth required to reach $1- Feasible
- Market Cap at $1- Not Feasible
- Time required to reach $1 if it were to rise at 25% per annum- Partially Feasible
Considering the criteria Quality of Investment, growth required, and time required, VTHO has a low to moderate chance of reaching $1. Let us analyze it further:
Is it possible for VTHO to rise 811 times?
VTHO would need to increase its value by 811 times over a period of 8 years. Comparing this to Bitcoin’s growth of 1400 times over 10 years, it is certainly possible for a coin to grow 8 times in 8 years.
Therefore, under favorable market conditions, it is feasible for VTHO to experience a growth of 811 times.
Can we forecast accurately that a token will grow at a rate of 25% every year for the next 8 years?
It is not possible to accurately forecast that a token will consistently grow at a rate of 25% every year for the next 8 years. The price and growth rate of a token can be highly unpredictable and subject to various factors and market conditions.
Therefore, we cannot guarantee or accurately predict the growth rate of a token over such a long time frame.
Will VTHO Reach $1? Conclusion
- VTHO has utility as a token.
- Its performance presents a moderate case for investment.
- It has the potential to achieve the required growth rate within the specified time frame.
- However, reaching a significantly high market cap is currently not feasible.
Considering these factors, we can conclude that VTHO can reach $1, but it may take longer depending on other market conditions.
Also Read: Vechain Price Prediction
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.
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