The VeChain (VET) project is in a transition stage, and the VeThor (VTHO) reward asset for staking keeps crashing during its price discovery stage. VTHO lost around 20% net overnight on extremely volatile trading, sliding to $0.008. VTHO is paired against BTC and ETH, and only gets its liquidity through the LBank exchange.
The drop in prices to below one cent, for now, crashes the expectations that the VTHO token would be more valuable than VET. Some believed the VTHO asset would, in fact, appreciate fast because it is relatively difficult to generate by staking:
https://twitter.com/jasonrockwood/status/1024694575418540032
However, in reality, the VTHO token saw rapid selling of initial rewards, some of whi...
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