- The VTHO token soared 199% on Monday and 280% within the final 24 hours.
- The cryptocurrency hit a excessive of $0.012, a worth not seen since 2021.
- South Korean inventory change Upbit introduced the itemizing of VTHO on Monday, inflicting costs to surge.
VeThor (VTHO) outperformed virtually each cryptocurrency available on the market, surging 199% on Tuesday and including one other 22.9% on Wednesday. In 24 hours, the token surged by a complete of 287.81%, reaching its highest worth in 4 years.
On the time of writing, VTHO is buying and selling at $0.00833, with a market cap of $711 million and a 24-hour buying and selling quantity of $2.91 billion. This represents a 78,121% enhance in buying and selling quantity, placing VTHO within the highlight because it targets a high 100 rating and a $1 billion market cap.
Upbit Record Boosts VTHO Momentum
One of many predominant drivers of VTHO's worth rise is its itemizing on Upbit, South Korea's main crypto change. Upbit reported 24-hour spot buying and selling quantity of $6.35 billion, rating fifth globally on CoinMarketCap. Notably, $1.9 billion of VTHO's buying and selling quantity got here from Upbit, highlighting the change's vital influence on the token's progress.
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The VeThor token (VTHO) is a part of VeChain's twin token construction, with the opposite cryptocurrency being VET. Transactions on VeChainThor are settled utilizing the VTHO token whereas VET is the primary token within the VeChain ecosystem which has additionally elevated by over 15% within the final day.
VTHO Value Evaluation
TradingView's day by day chart exhibits a bullish divergence for VTHO, supported by a robust MACD indicator. The MACD line (blue) continues to rise, transferring away from the sign line (purple). Nonetheless, analysts warn of a possible correction after the token's sharp rise.
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The Relative Power Index (RSI) stands at 86.50, indicating that VTHO is at present overbought. A slight decline in shopping for stress suggests the potential of a near-term cooling off interval.
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