Connect with us

Business

Experts tell Californians to stop mowing their lawns as they could spark more wildfires: ‘Conditions are ripe for explosive fire growth’

Published

on


Low humidity, bone-dry vegetation and strong Santa Ana winds are making firefighters’ jobs even harder. Read More

Source link

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

CryptoCurrency

CME Bitcoin (BTC) Options Show Most Bullish Sentiment Since Trump Election Victory, ETF Inflows Surge

Published

on

Bulls against a background of snow.

On Tuesday, bitcoin (BTC) options trading on the Chicago Mercantile Exchange (CME) showed the strongest bullish sentiment since Donald Trump’s Nov. 5 election victory.

Traders scrambled to buy calls, or options offering asymmetric upside exposure, driving the skew higher to 4.4%, the most since early November, according to data tracked by digital assets index provider CF Benchmarks.

Skew is the difference in implied volatility between calls and puts, or options offering downside protection, and positive values represent a bullish sentiment.

Advertisement

“Thirty-day topside skew in the bitcoin options market has reached levels not seen since the November election results,” Thomas Erdösi, head of product at CF Benchmarks, told CoinDesk. “This reflects a strong bullish sentiment, with traders actively positioning for upside exposure across both short- and long-term maturities.”

Bitcoin’s price rose as much as 5%, briefly topping $106,000 Tuesday after buyers defended the $100,000 support level despite President Trump failing to mention crypto or strategic bitcoin reserve in his inaugural speech the day before.

The bounce was accompanied by renewed uptake for the U.S.-listed spot ETFs, which registered a cumulative net inflow of $802 million, according to data from SoSoValue. BlackRock’s IBIT drew $661.8 million alone, helping solidify the bullish sentiment.

“ETF inflows have continued their impressive accumulation streak, marking four consecutive days of significant inflows, amounting to over $3 billion for Bitcoin alone. Bitcoin ($802M) and Ethereum ($74M) are receiving robust institutional backing, which could propel digital assets to new highs,” Valentin Fournier, an analyst at BRN, said in an email to CoinDesk.

Advertisement

Besides, long-term holders — wallets with a history of holding coins for over 155 days — are scaling back their profit-taking activities, according to blockchain data tracking firm Glassnode.

“Looking ahead, it’s possible that volatility levels might moderate slightly towards the end of the month, but we anticipate that the skew for topside will probably remain, barring any surprise policy developments. This will likely provide continued upward price pressure for the foreseeable future,” Erdösi said.

Source link

Advertisement
Continue Reading

Business

California faces more fire risk and strong winds but potential rain coming over the weekend

Published

on


A small number of residents were allowed to return to the devastated Pacific Palisades and Altadena areas and firefighters quickly controlled small blazes that broke out. Read More

Source link

Continue Reading

Technology

Google hit with $12.6M fine in Indonesia for monopolistic practices in payment system

Published

on

Google is forming a new team to build AI that can simulate the physical world

Indonesia’s antitrust agency KPPU fined Google 202.5 billion Rupiahs, equivalent to $12.6 million, on Wednesday for antitrust violation related to its payment system services for the Google Play Store.

The KPPU ordered the search giant to cease the mandatory use of Google Play Billing in the Google Play Store. It also asked Google to let all developers participate in the User Choice Billing (UCB) program and give them a minimum 5% service fee discount for a year after the decision is finalized, according to its statement.

The antitrust watchdog launched an investigation into Google in 2022 for its market dominance — in particular, the company required Indonesian app developers to use Google Play Billing (GPB). The agency found that the Google Pay Billing System had charged fees up to 30%, higher than other payment systems.

The Google Play Store handles payments between developers and users through the GPB System for in-app purchases. Google requires all purchases of digital products and services in the Google Play Store to go through the Google Play Billing system. At the same time, it prohibits other payment alternatives to Google Play Billing. The agency said that limiting the payment options led to fewer app users, reduced transactions and lower revenue.

Advertisement

The agency noted that the Google Play Store is the only app store pre-installed on all Android devices, with a market share over 50%. As for the search engine market, Google held a market share of 95.16% in the Indonesian search market, and other search engines such as Bing, Yahoo!, DuckDuckGo, and Yandex held the rest as of January 2024, according to Statista.

Google plans to appeal the ruling.

“We strongly disagree with the KPPU’s decision and will appeal. Our current practices foster a healthy, competitive Indonesian app ecosystem, offering a secure platform, global reach, and choice, including user choice billing — which enables alternatives to Google Play’s billing system,” a Google spokesperson, Danielle Cohen, said in an email statement.

“Beyond our platform, we actively support Indonesian developers through a comprehensive suite of initiatives, including Indie Games Accelerator, Play Academy, and Play x Unity, reflecting our deep investment in their success. We remain committed to complying with Indonesian law and will continue collaborating with the KPPU and stakeholders throughout the appeals process,” she added.

Advertisement

The tech industry has been closely watching a series of legal disputes involving Google being fined for breaching anti-competitive practices due to its misuse of dominant market power in various countries, including Indonesia, India, South Korea, France, the EU and the U.S. Japan’s antitrust regulator is likely to determine that Google has breached Japan’s antitrust laws and will order the tech behemoth to cease its monopolistic behaviors, according to Nikkei Asia.

Source link

Continue Reading

CryptoCurrency

Top 3 Market Makers Rising to the Challenges of Volatility and Cutthroat Competition

Published

on

Top 3 Market Makers Rising to the Challenges of Volatility and Cutthroat Competition

The financial landscape is in constant flux, with market makers playing a pivotal role in ensuring trading liquidity and efficiency. Moving into 2025, choosing a suitable platform for one’s trading needs is as relevant as ever. This article looks at three market-making companies to consider for one’s trading strategies and investments. They stand out in this crowded field by ensuring seamless transactions and providing the liquidity required in a wide range of financial markets.

1. Gravity Team

Gravity Team is an algorithmic crypto trading company that underscores efficiency and liquidity in crypto markets, rapidly setting the standard for crypto market makers. Its team of around 60 experts is growing in parallel with its global reach and market volume. The company has achieved a cumulative trading volume of approximately $400 billion since it was founded by a crypto-native team in 2017. It accounts for 1% of the crypto spot trading volume worldwide, is active on more than two dozen prominent crypto exchanges, and offers access to over 1,400 crypto asset pairs.

However, its dominance in emerging markets is its main advantage over competitors, of whom there is no shortage. On the market-making side, large-scale projects in need of liquidity in markets they wish to enter choose this platform to gain exposure. Users can avail themselves of fiat liquidity within exotic markets.

Gravity Team helps achieve equilibrium through high-frequency trading and by cooperating with various industry stakeholders. Its roles are carefully selected to contribute to this overarching goal. It works with projects in the Web3 space to market-make their coins or tokens and with CEXs to provide liquidity. Gravity Team attains its targets by leveraging innovative tools, a tightly-knit team of seasoned professionals, and extensive experience. As an ethical liquidity partner, Gravity Team mitigates risk concerns and attracts more customers to create even more liquidity.

Advertisement

2. Wintermute

Wintermute, a global algorithmic trading platform specializing in digital assets, aims to create efficient, highly liquid markets on and off centralized and decentralized exchanges. The platform provides liquidity on dozens of exchanges and trading platforms and boasts a pronounced impact on digital asset markets. The firm improves liquidity by partnering with promising projects. It supports many highly lucrative trading pairs and cooperates with all major exchanges.

Among its main advantages are 24/7/365 token liquidity, an absence of monthly or integration fees, and competitive spreads, even in the most dynamic markets. Wintermute’s talented DeFi team helps bridge tokens from other blockchains to Ethereum.

3. Keyrock

Highly liquid assets are behind many flourishing markets. Keyrock boosts its clients’ liquidity to create fair and efficient markets and put digital assets on a promising trajectory. Its expert team and algorithms constantly scan platforms to provide additional support where needed. Their market-making algorithms ensure reliable pricing and performance monitoring around the clock. Clients receive a wide range of trading insights and statistics on demand. The market maker guarantees transparency by aggregating price data and liquidity from almost 100 exchanges. The infrastructure attracts traders through market-wide quotes.

The platform facilitates trades and unifies prices, eliminating price discrepancies across markets. As a result, clients benefit from harmonized prices and tightened bid-ask spreads. A smooth trading experience is ensured, with clients readily entering and exiting trading positions. The algorithms guarantee markets can absorb an optimal number of trades, with high-volume ones becoming a trust factor at the right price.

Advertisement

The challenges: market volatility, relentless innovation, and regulatory pressures

Modern market makers face a plethora of challenges that test their flexibility, adaptability, and resilience. While market volatility creates profit opportunities, it can also lead to substantial risks. Bid-ask spreads widen during periods of high volatility, resulting in an increased risk of losing the assets one holds. The three market makers reviewed leverage advanced risk management strategies to mitigate volatility, such as dynamic pricing models that analyze real-time market conditions and adjust bid-ask spreads correspondingly. They hedge their positions and manage their inventory levels efficiently via algorithmic trading strategies. Diversification across different markets and assets is another strategy leveraged to extenuate risk.

Innovation is considered a plus, with new technologies and products constantly entering financial markets. Market makers cannot stay competitive if they’re not on board with this trend. They explore emerging markets, adopt bleeding-edge technologies, and develop new trading algorithms to remain relevant. They make substantial investments in research and development to foster innovation. Their teams expand to include talented developers and traders who build new algorithms and trading strategies. They also stay abreast of the latest technological advancements by collaborating with solution providers and taking part in industry consortia. Market makers embrace AI, cloud computing, and blockchain technology to enhance their operations.

One final challenge involves regulatory pressures. The rules governing financial markets differ depending on the jurisdiction. Regulatory compliance entails significant expenditure, which is unavoidable as legitimate market makers realize non-compliance will result in reputational damage and even more significant fines. The reviewed market makers navigate regulatory pressures by investing in specialized legal and compliance teams. They implement sophisticated compliance software to monitor real-time transactions, ensuring all trades comply with the applicable regulations. Continuous staff training on best practices and regulatory changes also mitigates compliance risks.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Advertisement

 

Source link

Continue Reading

CryptoCurrency

Bitcoin ETFs by Calamos offer capped upside and risk mitigation

Published

on

Calamos Investments launches Bitcoin ETFs with capped returns and downside protection, offering investors regulated exposure to Bitcoin with risk management options.

Source link

Continue Reading

CryptoCurrency

Santander boss speaks out after growing fears of bank pulling out of UK

Published

on

Santander boss speaks out after growing fears of bank pulling out of UK

Santander’s executive chairman Ana Botin has firmly rejected speculation about the bank’s potential exit from Britain, declaring “we love the UK” at the World Economic Forum in Davos.

Botin stated that Britain “is a core market and will remain a core market for Santander fullstop.”


The Spanish banking giant’s boss moved swiftly to quash recent reports suggesting the lender was considering leaving the UK market after two decades.

She blamed fee-seeking investment bankers for stirring up the rumours about Santander’s possible departure.

Advertisement

Botin said: “You know the army of investment bankers that wants to get fees? So if they start, these kinds of people start looking at M&A, they start looking around. It’s definitely not coming from us.”

Santander branch

The bank operates 444 branches nationwide and holds £200 billion in customer lending, making it one of Britain’s largest lenders

GETTY

The strong denial comes after reports emerged that Santander was reviewing strategic options for its UK business, including a potential complete exit from the market.

Such a move would have affected 14 million customers and approximately 20,000 employees across Britain.

Advertisement

The bank operates 444 branches nationwide and holds £200billion in customer lending, making it one of Britain’s largest lenders.

Reports had suggested the review was driven by mounting frustrations over UK regulations, including costly post-financial crisis rules requiring banks to separate their retail and investment operations.

The Spanish banking group, which first entered the UK market through its acquisition of Abbey National in 2004, was reportedly examining options to focus on regions with higher growth potential, such as the United States.

Far from expressing frustration with Britain, Botin highlighted the country’s post-Brexit advantages at Davos.

Advertisement

“The UK has a huge opportunity. Why? Because it can move faster. The UK does not have to agree with 27 countries now,” she told the World Economic Forum.

While she acknowledged regulatory challenges, her concerns extended beyond Britain’s borders saying: “Let’s take a pause on regulation because that is constraining growth, big time.”

LATEST DEVELOPMENTS:

The bank has consistently maintained its commitment to the UK market throughout the speculation.

Advertisement

A Santander spokesman reiterated: “We remain focused on providing excellent products and services to our 14 million customers in the UK.”

Despite Botin’s optimistic outlook, Santander has faced recent challenges in its UK operations.

In October 2024, the bank announced 1,400 job cuts across its British business as part of cost-reduction efforts.

Santander branch

Speculation grew that santander could quit the UK High Street

Advertisement

GETTY

The lender has also set aside £295million to cover potential compensation costs related to a car finance commission scandal.

This provision contributed to a significant decline in the bank’s third-quarter profits, which fell to £143million from £413million in the previous quarter.

However, Santander maintains its commitment to the UK market remains unchanged.

Advertisement

A Santander spokesman emphasised: “The UK is a core market for Santander and this has not changed.”

Source link

Continue Reading

CryptoCurrency

What Is GME Crypto – Coinlabz

Published

on

What Is GME Crypto

In the realm of cryptocurrencies, GME Crypto can be likened to a newly emerged digital asset that has garnered significant attention due to its recent price surge and increased trading activity. Investors are increasingly curious about its potential and are delving deeper into its characteristics and trading possibilities.

However, a comprehensive examination of GME Crypto reveals a complex landscape that goes beyond its surface appeal.

GME Crypto Launch

Since its launch on January 28, 2024, GME Crypto, also known as GameStop, has gained attention as a meme coin on the Solana network. The introduction of the GME/SOL pair through a fair crypto launch attracted over 15,000 holders within a week, indicating initial interest in the coin. This development is noteworthy due to GME’s association with the GameStop meme stock saga, which had significant implications in financial markets.

Influenced by figures like Keith Gill, known as Roaring Kitty, and events such as the ‘Dumb Money’ Netflix movie, GME’s emergence as a memecoin mirrors a trend challenging conventional financial systems. The coin has experienced a notable increase in value, rising over 30 times since May 13.

Advertisement

Additionally, GME Crypto has demonstrated a substantial trading volume and achieved a market capitalization exceeding $100 million.

GME Crypto Key Features

GME Crypto is a unique cryptocurrency operating on the Solana network, inspired by the GameStop meme stock saga. It aims to symbolize a form of rebellion against financial institutions, similar to the events surrounding GameStop.

With a market cap surpassing $100 million and a rapidly growing community of over 15,000 holders within a week of its launch, GME Crypto has garnered significant attention. Since May 13, its value has increased by over 30 times, leading to a 24-hour trading volume of $147,644,110 and impacting other meme coins like AMC.

Key figures such as Roaring Kitty and events like the launch of the GME/SOL pair on Raydium and the ‘Dumb Money’ Netflix movie have contributed to GME’s rise in popularity.

Advertisement

The tokenomics of GME involve approximately 6.9 billion tokens in circulation, with no mechanism for additional minting. The introduction of the GME/SOL trading pair on January 28, 2024, further established its presence in the market. GME Crypto’s growth reflects the spirit of defiance seen in the GameStop narrative within the stock market.

GME Crypto Current Price

The current price of GME Crypto is $0.005896. This digital asset, also known as GameStop coin, has experienced a 14.91% price increase in the last 24 hours, reaching a peak of $0.006474.

With a circulating supply of 6.899 billion tokens, GME is tradable on platforms like BC.Game, Ourbit, Bitrue, BITmarkets, and Raydium, offering trading pairs such as GME/USDT and GME/SOL.

Monitoring the current price of GME Crypto is essential for individuals interested in this digital asset, as price fluctuations can present trading opportunities or risks.

Advertisement

GME Crypto Price Prediction

The GME Crypto, inspired by the GameStop saga and associated with notable figures like Keith Gill, has gained significant attention in the market. With a market cap surpassing $134 million and a recent trading volume of $147,644,110, investor interest in GME has been notable.

Since May 13, the value of GME has surged over 30 times, leading to a market cap exceeding $100 million. This remarkable growth hasn’t only influenced other meme coins like AMC but has also attracted a growing number of holders, surpassing 20,000 by March 2, 2024.

The impact of social media attention and influential endorsements on GME’s price dynamics is considerable, adding complexity to predicting its future price accurately.

It’s advisable for investors to stay updated on market trends and developments to make well-informed decisions regarding GME’s price movements.

Advertisement

Should you Buy GME Crypto

If you’re considering investing in GME Crypto, it’s advisable to carefully assess recent market trends and developments before making a decision. GME, drawing inspiration from the GameStop saga, has experienced notable growth, driven in part by events such as Keith Gill’s participation and a resurgence in social media attention. Since May 13, the value of this memecoin has increased over 30 times, reflecting the strong community engagement and backing it has received.

The involvement of Roaring Kitty has played a key role in attracting holders and boosting the coin’s market capitalization. The success of GME Crypto is closely linked to the GameStop narrative, an active presence on social media platforms, and the steadfastness of digital communities. Technical analysis suggests a bullish trend for GME, positioning it as a potential investment prospect.

However, it’s essential to acknowledge the volatility associated with memecoins and the potential impact of external factors such as Wall Street. Conducting thorough research and carefully assessing the risks are important steps to consider before determining whether to invest in GME Crypto.

Where to Buy GME Crypto

When looking to purchase GME Crypto, also known as GME Memecoin, several platforms offer trading opportunities for this digital asset.

Advertisement

Some of the platforms where you can buy GME tokens include BC.Game, Ourbit, Bitrue, BITmarkets, and Raydium. These platforms support trading pairs like GME/USDT and GME/SOL to accommodate different trading preferences and volumes.

The transparency of liquidity, bid, and ask values varies across these platforms, although the availability of order books may differ. Raydium, for instance, facilitates trading GME against SOL with a 24-hour trading volume of $147,644,110, providing flexibility in trading options.

Frequently Asked Questions

Is GME a Good Stock to Buy?

You should totally consider buying GME! Its recent surge and the community support make it an exciting investment. Keep an eye on the market trends, and remember to do your research before making any decisions.

How Much Is GME Crypto Worth?

GME Crypto is currently priced at $0.005896, with a trading volume of 5.5 million in the last 24 hours. It has seen a 14.91% increase, hitting $0.006474. With a circulating supply of 6.899 billion, it’s available on various platforms for trading.

Advertisement

What Does GME Stand for Stocks?

When you ask about GME stocks, remember GameStop. Dive into the world of meme coins, like GME Crypto, inspired by rebellious tales against financial giants.

What Is the Supply of GME Coin?

GME has approximately 6.9 billion tokens in circulation, contributing to its market cap exceeding $134 million.

Conclusion

If you’re interested in exploring GME Crypto, it’s important to understand its current market dynamics. GME has experienced a significant price surge recently, attracting attention from traders and investors. This surge has led to increased trading activity and volatility in the market.

Before considering any investment in GME Crypto, it’s advisable to conduct thorough research and analysis. Understand the risks involved in trading digital assets and ensure that you have a clear investment strategy in place. It’s essential to stay informed about market trends, regulatory developments, and any news that may impact the value of GME.

Advertisement

As with any investment in the cryptocurrency market, it’s crucial to exercise caution and make informed decisions.

While GME Crypto may present trading opportunities, it’s important to approach this market with a well-informed and rational mindset. Consider consulting with financial advisors or experts in the field to gain a better understanding of the potential risks and rewards associated with GME Crypto.

Other Cryptocurrencies you should check:

GPT Protocol Crypto, Popcat Crypto, ElmoERC Crypto, MultiBit Crypto and HOPR Crypto.

Source link

Advertisement
Continue Reading

Business

Applying UK inheritance tax to pensions ‘risks delays and higher costs’

Published

on

Unlock the Editor’s Digest for free

Pension advisers and wealth management chiefs have urged the Treasury to rethink plans for how to apply inheritance tax to pension funds, warning that current proposals could lead to severe delays and increased costs for the bereaved, even in cases where no inheritance tax is due. 

In her Budget last autumn, chancellor Rachel Reeves announced that pension funds would become part of inherited estates by April 2027, a move set to upset tax planning by wealthy people but raise £1.5bn a year for the Treasury by 2030. 

Advertisement

The government estimates its proposals will bring about 1.5 per cent more estates within the scope of death duties in 2027-28, on top of the 4 per cent that already exceed the £325,000 nil-rate band, which can rise to £500,00 where a property is passed on. 

But concerns have been raised by tax and pension professionals about potential harmful effects in consultations on the technical details of the government proposals that close on Wednesday.

The Society Of Pension Professionals, a trade association, warned the government’s plans “impose unrealistic and impractical timescales” while applying interest charges or penalties on pension scheme administrators for delays “over which they have little or no control”.

The chief executives of some of the UK’s largest wealth managers, including Interactive Investor, Quilter and AJ Bell, have also written to the chancellor over the “flawed and potentially damaging” proposals, calling on the government to “work with the pensions industry to agree a simpler method of achieving the policy aim”.

Advertisement

The letter, seen by the Financial Times, said: “The complexity of the proposed approach, namely bringing all pensions into estates for IHT, will lead to substantial delays paying money to beneficiaries on death and cause distress for bereaved families.”

Under the proposals, personal representatives of inherited pension funds would be responsible for identifying the funds and calculating how much if any IHT is owed, taking into account other assets in the estate. The pension scheme administrator would then be responsible for paying the inheritance tax before releasing the funds.

Experts say this could cause delays in payouts, including to those not liable for the tax. Under current rules, inherited pensions can be paid more quickly to beneficiaries and used to pay for probate costs, funeral charges and other urgent bills.  

“The (new) process is complicated and it will punish lower earners,” said Anna Rogers, senior partner at Arc Pensions Law. “Wealthy people don’t need the money quickly . . . it seems the harm will be disproportionately to those who aren’t wealthy and those who die young.”

Advertisement

Lawyers are also concerned that the six-month window between death and the deadline for payment of inheritance tax does not leave enough time for pension funds to be identified and the tax to be calculated, leaving individuals vulnerable to late payment charges. 

“Pension scheme rules allow two years to pay death benefits . . . there may be a need to sell assets to pay the tax, but there might be cases of people not being able to pay, for example if a property needs to be sold,” said Jeremy Harris, partner at Fieldfisher.   

The SPP has urged the government to either leave the calculation and payment of IHT to the pension’s personal representative and HM Revenue & Customs — or for the benefit to be taxed in full at 40 per cent and paid promptly by the scheme administrator in the minority of cases where a pension is subject to IHT. 

Steve Hitchiner, chair of the SPP, said issues relating to the reporting and payment of inheritance tax on pensions was “vitally important” and the current proposals “will result in numerous problems and challenges which could be largely avoided”.

Advertisement

Some death in service benefits, designed to provide financial security for someone’s dependants if they die unexpectedly young, could also face a large inheritance tax bill, in cases where they are set up as part of the registered pension scheme.

“It’s got the potential to be quite a mess . . . at some point there will be a backlash,” Harris said.

Kate Smith, head of public affairs at Aegon, added that there is a lack of clarity over what is in scope and that “nobody thinks [the proposals] will work”.

The Treasury said: “We continue to incentivise pensions savings for their intended purpose of funding retirement instead of them being openly used as a vehicle to transfer wealth.”

Advertisement

Source link

Continue Reading

Technology

Microsoft officially reveals the Pulse Cipher Xbox Wireless Controller and yes, you can pre-order one now

Published

on

Xbox Wireless Controller Pulse Cipher


  • A new Xbox Wireless Controller has been official revealed
  • The new Pulse Cipher colorway is a dazzling red
  • It comes after the Ghost Cipher and Sky Cipher controllers

Microsoft has officially revealed its latest special edition Xbox Wireless Controller – the Pulse Cipher – which was only recently leaked by French outlet Dealabs.

An Xbox Wire post has all the details on this new gamepad, with keeps the general look of the Cipher line-up we’ve seen so far. A translucent frame, solid underside with textured grips and triggers that stand out brightly with an almost metallic sheen – it’s all there, just in a pretty dazzling red this time.

Source link

Continue Reading

CryptoCurrency

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

Published

on

A Messari chart showing the price movement of the VTHO token from January 15 to January 22, 2025. The chart illustrates a significant price spike around January 21, coinciding with increased trading volume, reaching a peak of $0.00886.

VeThor token is witnessing a surge of over 80,300% after the token was listed on South Korea’s largest crypto exchange by trading volume, Upbit.  

On Jan. 21, Upbit launched trading support for VeThor Token (VTHO) in both the Korean Won (KRW) and Tether (USDT) markets. As of Jan. 22, VTHO’s trading volume has surged by over 88,000% in the past 24 hours. According to CoinMarketCap, Upbit accounts for more than 66% of VTHO’s trading volume, with over $2.1 billion traded in just 24 hours. 

As of this writing, VTHO is priced at $0.008981, reflecting over 300% increase in its value over the last 24 hours. However, it remains roughly 80% below its all-time high of $0.042, which was 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 an ERC-20 token in 2015. 

Advertisement

VeChainThor uses VTHO to power transactions and smart contract executions on the network. VTHO is generated by holding VeChain Tokens (VET) and is consumed during blockchain operations, ensuring efficiency and scalability within the ecosystem.

A Messari chart showing the price movement of the VTHO token from January 15 to January 22, 2025. The chart illustrates a significant price spike around January 21, coinciding with increased trading volume, reaching a peak 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 graph 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 continued to rise and in early January 2025 crossed the threshold of 2.9 million addresses as of this writing, as per VeChain Stats

How far can VeThor rise this bull run? 

A TradingView chart displaying the MACD (Moving Average Convergence Divergence) analysis for the VTHO token. The chart includes the MACD line (blue), 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 as of 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. The MACD analysis notes the recent crossover into bullish territory, which indicates an increase in bullish pressure. 

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

Should momentum hold and the market remain bullish, the token may retest resistances in the $0.01–$0.015 range. These psychological barriers are common for tokens with prices below $0.01. However, nothing is certain. Do your own due diligence.

Advertisement

Source link

Continue Reading

Trending

Copyright © 2025 WordupNews