Velas Trading 4.2% Lower This Week (VLX)

Velas (VLX) traded down 2.7% against the dollar during the 24-hour period ending at 9:00 AM E.T. on December 19th. Velas has a market cap of $2.44 million and approximately $69.87 worth of Velas was traded on exchanges in the last 24 hours. One Velas coin can currently be bought for $0.0009 or 0.00000001 BTC on major exchanges. In the last seven days, Velas has traded 4.2% lower against the dollar.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Cronos (CRO) traded 2% lower against the dollar and now trades at $0.0919 or 0.00000105 BTC.
• Avalanche (AVAX) traded 1.4% lower against the dollar and now trades at $12.05 or 0.00013703 BTC.
• Hedera (HBAR) traded 2.3% lower against the dollar and now trades at $0.11 or 0.00000125 BTC.
• NEAR Protocol (NEAR) traded down 1.9% against the dollar and now trades at $1.50 or 0.00001705 BTC.
• Internet Computer (ICP) traded 3.8% lower against the dollar and now trades at $2.90 or 0.00003295 BTC.
• Algorand (ALGO) traded down 0.7% against the dollar and now trades at $0.11 or 0.00000128 BTC.
• Cosmos (ATOM) traded 2.7% lower against the dollar and now trades at $1.90 or 0.00002157 BTC.
• Fetch.ai (FET) traded down 1.7% against the dollar and now trades at $0.21 or 0.00000235 BTC.
• PayProtocol Paycoin (PCI) traded 0.1% lower against the dollar and now trades at $0.0675 or 0.00000077 BTC.
• Theta Fuel (TFUEL) traded 1% higher against the dollar and now trades at $0.0176 or 0.00000020 BTC.

Velas Coin Profile

VLX uses the hashing algorithm. It was first traded on April 25th, 2019. Velas’ total supply is 2,764,304,288 coins. The official website for Velas 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. Velas’ official message board is velas.com/en/blog.

According to CryptoCompare, “Velas ™ is a self-learning and self-optimizing blockchain platform for secure, interoperable, extremely scalable transactions and smart contracts. The Velas blockchain uses neural networks optimized by artificial intelligence to enhance its consensus algorithm, which maintains decentralization, stability, and security.”

Buying and Selling Velas

It is usually not presently possible to buy alternative cryptocurrencies such as Velas directly using US dollars. Investors seeking to trade Velas should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. 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