Velas Achieves Self Reported Market Cap of $28.74 Million (VLX)

Velas (VLX) traded down 0.8% against the U.S. dollar during the 24 hour period ending at 12:00 PM ET on December 20th. One Velas coin can now be bought for $0.0108 or 0.00000011 BTC on major exchanges. Over the last seven days, Velas has traded down 17.1% against the U.S. dollar. Velas has a market capitalization of $28.74 million and approximately $936,716.51 worth of Velas was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed over the last 24 hours:

• Avalanche (AVAX) traded down 6.4% against the dollar and now trades at $38.53 or 0.00039678 BTC.
• Hedera (HBAR) traded 6.3% lower against the dollar and now trades at $0.26 or 0.00000270 BTC.
• NEAR Protocol (NEAR) traded 4.5% lower against the dollar and now trades at $5.18 or 0.00005337 BTC.
• Internet Computer (ICP) traded down 4.4% against the dollar and now trades at $10.19 or 0.00010491 BTC.
• Cronos (CRO) traded 7.2% lower against the dollar and now trades at $0.16 or 0.00000163 BTC.
• Fetch.ai (FET) traded 3.1% lower against the dollar and now trades at $1.31 or 0.00001349 BTC.
• Algorand (ALGO) traded 7.5% lower against the dollar and now trades at $0.33 or 0.00000337 BTC.
• Cosmos (ATOM) traded down 6.4% against the dollar and now trades at $6.72 or 0.00006923 BTC.
• Akash Network (AKT) traded up 6.8% against the dollar and now trades at $3.27 or 0.00003385 BTC.
• Kava (KAVA) traded 4.6% lower against the dollar and now trades at $0.42 or 0.00000436 BTC.

Velas Profile

Velas (CRYPTO:VLX) uses the hashing algorithm. Its launch date was April 25th, 2019. Velas’ total supply is 2,666,160,021 coins. Velas’ official website is velas.com. 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 message board for Velas is velas.com/en/blog.

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 GDAX, Coinbase or Gemini. 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