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Cryptocurrency News Articles
VeThor (VTHO) Price Soars 39.1% to Intraday High of $0.003399, Trading Volume Surges to $504.88M
Apr 15, 2025 at 08:15 pm
The VeThor token (VTHO), the utility gas token of the VeChainThor blockchain, experienced a dramatic surge in value recently.
The VeThor token (VTHO), the utility gas token of the VeChainThor blockchain, saw a dramatic surge in value recently.
On April 14, 2025, VTHO’s price experienced a significant increase from $0.00167 to an intraday high of $0.003399 on Binance, before settling at $0.002891. This reflects an impressive 39.1% gain within a single day, suggesting renewed interest and optimism in the token.
After hitting a low of $0.00167 early in the day, VTHO rapidly gained momentum, eventually reaching an apex at $0.003399. Subsequently, the token faced selling pressure and closed the 24-hour period at $0.002891. This marks a decisive recovery from the March 2024 lows of $0.0007378.
Within a 24-hour span, VTHO witnessed a massive surge in trading volume to $504.88 million. This spike highlights heightened investor enthusiasm and activity. Typically, an increase in trading volume, particularly when coupled with a rising price, can indicate both increased retail participation and larger institutional interest in the token’s potential.
One of the most important catalysts for the recent price surge was the news that UFC CEO Dana White has become a member of VeChain’s advisory board.
The announcement, which came on April 14, marks a major step toward mainstream adoption of blockchain. White’s alliance brings significant exposure to the VeChain ecosystem due to UFC’s international presence in over 950 million households. His participation, along with that of Nobel Prize-winning physicist Sir Konstantin Novoselov, is anticipated to increase the impact of VeChain’s sustainability initiative, VeBetterDAO.
This platform incentivizes users for sustainable behavior with the use of B3TR tokens, with VTHO taking a central role by fueling its transactions.
Another support factor for the bullish outlook is the VeChain Renaissance upgrade, which is anticipated later in 2025. The update has pledged to bring essential enhancements to blockchain security, decentralization, and support for Ethereum Virtual Machine (EVM) compatibility, rendering the network more amenable to developers and enterprises.
However, despite the rally, some short-term signs are urging caution. A bearish candle pattern has formed on the daily chart, potentially signaling profit-taking or a shift toward selling pressure.
Moreover, the Relative Strength Index on the daily time frame has decreased after closely approaching overbought levels, while the Stochastic RSI is indicating overbought readings at a value greater than 93. These indicators are serving as a warning of a possible short-term pullback or consolidation phase.
If VTHO fails to cross the resistance level at $0.00335, it will likely fall to the support zone at $0.002065.
Although there are short-term issues, the long-term future for VTHO appears bright. Continuing innovations such as VeBetterDAO, powerful collaborations like UFC and Power Slap, and VeChain’s increased adoption strategy could all create sustained demand for VTHO.
In addition to this, VTHO’s deflationary cycle, which incinerates 70% of tokens being utilized in transactions, assists in diminishing supply over time. This may provide underlying support for future price appreciation as network usage increases.
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