💟 Market Health (October-19) In this period, BTC is approaching the $64000 zone and it will take more time to conquer this zone. And in the past few days Altcoins are accumulating quite a lot but the price is still decreasing, so we can expect that in the next few days Altcoins will have rapid and strong price increases and it will be very difficult to buy these coins at good price range. Let's continue to accumulate according to our plan
💟 Market Health (October-18) Money flow is continuing to push into Bitcoin to help it rise back to the top of $65000 so the money push into Altcoins will be quite slow, but the buying power of Altcoins is still very interesting because it is still pushed in even when Altcoins are falling. This shows that the accumulation of Altcoins at the moment is taking place and Altcoins can completely increase in the near future.
💟 Market Health (October-17) The buying power has decreased because the cash flow at the end of the week is usually very weak, so we may have a slight correction, this does not affect the uptrend of Altcoins.
💟 Market Health (October-16) The buying force is continuously pouring into Altcoins these days and they are having a big chance to increase sharply in the near future so let's keep accumulating Altcoins.
The buying volume is increasing strongly so in this October, VTHO could move towards 0.0105$, 0.013$ and 0.016$ zones. But if it loses this 0.0085$ zone, it will fall down to 0.007$ zone
📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 0.0085$ zone
🔴Buy : 0.0085$
🔴Sell : 0.0105$ - 0.013$ - 0.016$
📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 0.0085$ zone
🔵Sell : 0.0085$
🔵Buy : 0.007$
❓Details 🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day 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.