Velas Reaches Self Reported Market Cap of $2.63 Million (VLX)

Velas (VLX) traded up 4.3% against the dollar during the 24 hour period ending at 9:00 AM Eastern on January 20th. One Velas coin can now be purchased for $0.0010 or 0.00000001 BTC on popular cryptocurrency exchanges. Velas has a total market cap of $2.63 million and $144.23 worth of Velas was traded on exchanges in the last day. During the last week, Velas has traded up 5.9% against the dollar.

Here’s how other cryptocurrencies have performed during the last day:

• Cronos (CRO) traded down 0% against the dollar and now trades at $0.0937 or 0.00000103 BTC.
• Avalanche (AVAX) traded 3% lower against the dollar and now trades at $12.34 or 0.00013578 BTC.
• Hedera (HBAR) traded down 2.3% against the dollar and now trades at $0.11 or 0.00000117 BTC.
• Internet Computer (ICP) traded 8.5% lower against the dollar and now trades at $3.62 or 0.00003987 BTC.
• NEAR Protocol (NEAR) traded down 1.7% against the dollar and now trades at $1.53 or 0.00001688 BTC.
• Cosmos (ATOM) traded 0.7% lower against the dollar and now trades at $2.35 or 0.00002588 BTC.
• Algorand (ALGO) traded down 2.3% against the dollar and now trades at $0.12 or 0.00000128 BTC.
• Fetch.ai (FET) traded down 2.6% against the dollar and now trades at $0.24 or 0.00000259 BTC.
• Theta Fuel (TFUEL) traded down 2.7% against the dollar and now trades at $0.0183 or 0.00000020 BTC.
• PayProtocol Paycoin (PCI) traded up 0.9% against the dollar and now trades at $0.0679 or 0.00000075 BTC.

Velas Coin Profile

Velas uses the hashing algorithm. Its launch date was April 25th, 2019. Velas’ total supply is 2,764,304,288 coins. Velas’ official Twitter account is @velasblockchain and its Facebook page is accessible here. The official message board for Velas is velas.com/en/blog. The Reddit community for Velas is https://reddit.com/r/velas and the currency’s Github account can be viewed here. Velas’ official website is velas.com.

According to CryptoCompare, “Velas (VLX) is a high-performance blockchain platform designed to support smart contracts and decentralised applications, capable of processing up to 75,000 transactions per second with low fees. It serves various sectors, including DeFi, NFTs, and gaming, and operates as a carbon-neutral network. Founded in 2019 by Alex Alexandrov, Velas is headquartered in Zug, Switzerland.”

Buying and Selling Velas

It is usually not currently possible to purchase alternative cryptocurrencies such as Velas directly using US dollars. Investors seeking to trade Velas should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Velas using one of the exchanges listed above.

VLX/USD price chart by TradingView