💟 Market Health (October-24) The market is still doing quite well and the positive signals are present on most of the Altcoins. We can continue to accumulate during this period as we are at the bottom of a new bull run. Don't miss the chance!
💟 Market Health (October-22) The market is still very good and Altcoins still have a very good opportunity to continue to increase in the next days. When the market wants to create FOMO, there is usually very little correction, so keep accumulating so as not to lose the opportunity
VTHO is heading towards the $0.0055 zone, which is a good support that we can hold long term with targets at the $0.0065 and $0.009 areas or maybe even much higher.
📈RED PLAN 🔴Buy : 0.00535-0.00565$. SL if B
🔴Buy : 0.00635-0.00665$ if A. SL if B
📉BLUE PLAN 🔴Sell : 0.00635-0.00665$. SL if A
🔴Sell : 0.0088-0.0092$. SL if A
❓Details 🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY & SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
VeThor (VTHO) is the secondary token of the VeChainThor ecosystem and functions as the gas for transactions.
While the VeChain token (VET) serves as a value-transfer medium on the VeChainThor blockchain, VTHO represents the underlying cost of using the VeChainThor blockchain and is consumed after certain blockchain operations are performed (i.e. gas payments).
The amount of VTHO that is needed for a transaction depends on the size of the data that is sent on the VeChainThor blockchain. Adjustment to variables such as gas price and token generation velocity can be made by VET holders in order to maintain the equilibrium of VTHO demand and supply.
As at July 15th 2020, VTHO is generated from any address holding VET at the predetermined generation velocity of 5x10-8 per VET per block. 70% of VTHO paid in each transaction is destroyed and the rest is awarded to the Authority Masternode Operators who validate and process blocks for the transactions.