The VeThor token experiences a surge 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) on both the Korean Won (KRW) and Tether (USDT) markets. As of January 22, VTHO’s trading volume has increased by over 88,000% in the last 24 hours. According to CoinMarketCap, Upbit accounts for more than 66% of VTHO’s trading volume, with over $2.1 billion traded in just 24 hours.
As of this writing, VTHO is priced at $0.008981, reflecting an increase in value of over 300% in the last 24 hours. However, it is still about 80% below its all-time high of $0.042, reached in August 2018.
VTHO was launched in July 2018 as part of the first phase of the VeChainThor blockchain after being first released as an ERC-20 token in 2015.
VeChainThor uses VTHO to enable transactions and smart contract executions on the network. VTHO is generated by owning VeChain tokens (VET) and consumed 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 increase and, as of this writing, exceeded the 2.9 million address threshold in early January 2025 VeChain statistics.
How far can VeThor take this bull market?
The MACD is a technical indicator of bullish or bearish momentum and trend direction. It includes the MACD line, the signal line and the histogram. MACD analysis notes the recent crossover into bullish territory, indicating an increase in bullish pressure.
As the histogram between MACD and signal lines widens, bullish momentum continues to increase. This indicates increased interest in VTHO, which could further increase performance in the near future. Although it cannot predict specific prices, it does provide insights into market direction.
If the momentum continues and the market remains bullish, the token could retest resistance in the $0.01-$0.015 range. These psychological barriers often occur with tokens priced below $0.01. However, nothing is certain. Do your own due diligence.
