Technology

Ethereum (ETH), VeChain (VEN), and VeChain Thor (VET)

The cryptocurrency market is trading above $270 today. Most of the coins on the market are in the red, but late-Saturday the market surged nearly $15 billion within an hour. For most of 2018, the entire crypto market has been dancing around the $300 billion range. Let’s take a look at a few coins within the top 35 that have big events surrounding their project, including Ethereum (ETH) and VeChain Thor (VEN)/(VET).

Ethereum (ETH)

For the first time in history, Elon Musk has tweeted about Ethereum (ETH), but it isn’t what you would think.

You know all those fake Twitter bots that have plagued the social media platform claiming to give out free ETH? That’s what he’s talking about. Ethereum’s co-founder, Vitalik Buterin, was quick to respond to the tweet.

We feel you, Vitalik. We feel you. These twitter bots are getting out of hand and have been an issue for quite some time. Unclear when Dorsey and Twitter will get it together, but hopefully they will take Buterin’s advice.

At press time, ETH is trading at $482.53 a coin, down -2.02%, in 24 hours.

VeChain Thor (VEN)/(VET)

VeChain Thor launched its main net on June 30th. The VeChain Foundation is working with exchanges, very similar to Tron, to have them handle the VEN-VET token migration. The token swap is set to occur around mid-July.

VeChain will have a two-token system. VET is used as a store of value and its VeThor token represents the underlying cost of using the blockchain. This is very similar to how NEO functions with the NEO coin and the GAS token.

Recently, the VeChain Foundation announced its IOS and Android compatible VeChain Thor Mobile Wallet. The project wants to make sure that you don’t send ERC20 tokens to the VeChain Thor Mobile Wallet.

At press time, VeChain is trading as the 18th largest cryptocurrency by market cap at $2.47 a coin, down –4.03%, in 24 hours.

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Featured Image: thenextweb.com

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