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Highlights
- The VTHO token was up over 8% on December 16.
- VTHO returned over 716% year-to-date.
- The global crypto market cap was worth about US$2.26 trillion on December 16.
Cryptocurrency is one of the most-discussed topics of 2021. The cryptocurrency market has rallied so far in 2021, while many cryptocurrencies have reached new all-time highs in the 2021 bull run. However, volatility is high in the crypto world, and thus various crypto assets have also experienced steep losses this year.
The volatility often leaves crypto traders in a quandary as to whether to they should hold or sell their assets. In addition, the reliability of the assets is also among the concerns in the crypto world. Today we discuss one crypto token, the VeThor token (VTHO), that is gaining traction in the market.
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What is the VeThor token?
VeThor is one of two tokens provided by the VeChainThor public blockchain. VeChain was originally launched in 2015, but it underwent a heavy rebranding process in 2018. Even as the VeChain Token (VET) is the primary native token on the VeChain platform, the VeThor token plays an important role in the general functionality of the blockchain.
The VeThor token is a VIP-180 Standard token and represents the cost of usage on the VeChainThor blockchain. One of its main roles is to enable the processes and transactions on the blockchain. In addition, it also assesses the smart contract layer of the network.
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VeChain was founded by its chief executive officer Sunny Lu. Mr. Lu has worked in various sectors, ranging from the managerial role in an information technology firm to the chief technical officer in a fashion company. In 2015, the idea for VeChain was birthed and Mr. Lu founded the company.
Initially, VeChain was subsidiary to one of the biggest powerhouses in China's blockchain sphere, Bitse. However, Mr. Lu separated from Bitse and VeChain became an individual enterprise. In 2018, the firm underwent a remarkable rebranding process, which encouraged the creation of the VeChainThor blockchain and VeThor token.
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Pricing and details of the VeThor (VTHO) Token:
The VTHO token was priced at US$0.005905 at 10:16 am ET on December 16, up 8.14%. The market cap of VTHO is US$256.28 million and its fully diluted market cap is US$258.73 million. Its volume for the last 24 hours was worth US$17.12 million.
What is VeThor crypto?
Bottom line:
The VTHO token has witnessed a gain over the past year. The token has given a return of 716.94% YTD. However, interested buyers should also focus on the volatility and risk associated with the crypto world before considering an investment. Meanwhile, the global crypto market cap was around US$2.26 trillion at 10:28 am ET on December 16, according to CoinMarketCap.
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