Velas Achieves Self Reported Market Capitalization of $31.66 Million (VLX)

Velas (VLX) traded down 1.6% against the dollar during the one day period ending at 12:00 PM E.T. on December 16th. During the last week, Velas has traded 16.4% lower against the dollar. One Velas coin can now be purchased for $0.0119 or 0.00000011 BTC on exchanges. Velas has a market cap of $31.66 million and $612,756.98 worth of Velas was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed during the last day:

• Avalanche (AVAX) traded 0.3% lower against the dollar and now trades at $50.04 or 0.00046711 BTC.
• Hedera (HBAR) traded 0.4% lower against the dollar and now trades at $0.29 or 0.00000271 BTC.
• NEAR Protocol (NEAR) traded up 0% against the dollar and now trades at $6.79 or 0.00006339 BTC.
• Internet Computer (ICP) traded 1% lower against the dollar and now trades at $12.97 or 0.00012111 BTC.
• Cronos (CRO) traded down 1.8% against the dollar and now trades at $0.18 or 0.00000165 BTC.
• Fetch.ai (FET) traded down 1.8% against the dollar and now trades at $1.75 or 0.00001635 BTC.
• Algorand (ALGO) traded 0.7% higher against the dollar and now trades at $0.43 or 0.00000402 BTC.
• Cosmos (ATOM) traded 0.7% lower against the dollar and now trades at $9.02 or 0.00008422 BTC.
• Akash Network (AKT) traded 0.8% lower against the dollar and now trades at $3.82 or 0.00003576 BTC.
• Kava (KAVA) traded up 0.5% against the dollar and now trades at $0.57 or 0.00000533 BTC.

Velas Profile

Velas (CRYPTO:VLX) uses the hashing algorithm. Its launch date was April 25th, 2019. Velas’ total supply is 2,664,866,650 coins. 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 Twitter account is @velasblockchain and its Facebook page is accessible here. The official website for Velas 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.”

Velas Coin Trading

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

VLX/USD price chart by TradingView