cyrpto jumps, listing, trading, Upbit, VeThor, volume, VTHO Mark January 23, 2025 0 Comments

VeThor VTHO trading volume jumps 80,000% after Upbit listing

The VeThor token is seeing an increase of over 80,300% after the token was listed on South Korea’s largest cryptocurrency exchange by trading volume, Upbit.

On January 21, Upbit launched commercial support for VeThor Token (VTHO) in Korean Won (KRW) and Tether (USDT) markets. As of January 22, VTHO’s trading volume increased by over 88,000% in the last 24 hours. According to CoinMarketCap, Upbit accounts for over 66% of VTHO’s trading volume, with over $2.1 billion transacted in just 24 hours.

At the time of writing, VTHO is priced at $0.008981, reflecting an over 300% increase in its value over the past 24 hours. However, it remains around 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, following its initial release as ERC-20 token in 2015.

VeChainThor uses VTHO to power transactions and execution of smart contracts on the network. VTHO is generated by holding VeChain tokens (VETERINARIAN) and is consumed during blockchain operations, ensuring efficiency and scalability within the ecosystem.

A Messari chart showing the price action of the VTHO token from January 15 to January 22, 2025. The chart illustrates a significant price rise around January 21, coinciding with an increase in trading volume, reaching a high of $0.00886 . — VTHO price chart (January 15-22, 2025) showing a sharp increase in price and trading volume after January 21, following the token’s listing on Upbit, reaching a high of $0.00886. Source: crypto.news

A chart showing the growth of VTHO token holders from July 2018 to January 2025. The chart highlights a steady increase in holders over the years, — Growth of VTHO token holders from 2018 to 2025, demonstrating significant adoption with over 2.9 million holders by January 2025. Source: crypto.news

The number of unique addresses interacting with the VTHO on the VeChainThor blockchain has continued to increase and crossed the threshold of 2.9 million addresses at the time of writing in early January 2025, according to VeChain Statistics.

How far can VeThor go in this bull run?

A TradingView chart displaying MACD (Moving Average Convergence Divergence) analysis for the VTHO token. The chart includes the MACD line (blue), the signal line (orange), and a histogram showing green and red bars representing momentum. — TradingView MACD chart for VTHO showing a bullish crossover and expanding green histogram bars, signaling increasing buying momentum from January 2025. Source: crypto.news.

The MACD is a technical indicator of bullish or bearish momentum, as well as trend direction. It includes MACD line, signal line and histogram. MACD analysis notes the recent move into bullish territory, which indicates increasing bullish pressure.

As the histogram widens between the MACD and signal lines, bullish momentum continues to grow. This indicates increased interest in VTHO, which could continue to generate performance in the near future. Although it cannot predict specific prices, it provides insight into market directions.

If the momentum continues and the market remains stable bullishthe token can retest resistances between $0.01 and $0.015. These psychological barriers are common for tokens priced below $0.01. However, nothing is certain. Do your own due diligence.