Velas Trading 5.9% Lower This Week (VLX)

Velas (VLX) traded down 0.1% against the dollar during the 1-day period ending at 12:00 PM E.T. on January 9th. One Velas coin can now be bought for approximately $0.0093 or 0.00000010 BTC on exchanges. Over the last seven days, Velas has traded down 5.9% against the dollar. Velas has a total market capitalization of $24.98 million and approximately $477,021.36 worth of Velas was traded on exchanges in the last 24 hours.

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

• Avalanche (AVAX) traded down 0.8% against the dollar and now trades at $36.75 or 0.00039344 BTC.
• Hedera (HBAR) traded down 0.1% against the dollar and now trades at $0.27 or 0.00000293 BTC.
• NEAR Protocol (NEAR) traded up 0.9% against the dollar and now trades at $5.03 or 0.00005379 BTC.
• Internet Computer (ICP) traded down 2.1% against the dollar and now trades at $10.34 or 0.00011070 BTC.
• Cronos (CRO) traded 1.4% lower against the dollar and now trades at $0.14 or 0.00000150 BTC.
• Fetch.ai (FET) traded up 0.7% against the dollar and now trades at $1.31 or 0.00001399 BTC.
• Algorand (ALGO) traded 0.7% higher against the dollar and now trades at $0.35 or 0.00000375 BTC.
• Cosmos (ATOM) traded 3% higher against the dollar and now trades at $6.48 or 0.00006942 BTC.
• Akash Network (AKT) traded 2.6% lower against the dollar and now trades at $3.10 or 0.00003306 BTC.
• Kava (KAVA) traded 5.2% higher against the dollar and now trades at $0.50 or 0.00000538 BTC.

Velas Profile

Velas (VLX) uses the hashing algorithm. It launched on April 25th, 2019. Velas’ total supply is 2,672,601,796 coins. 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. Velas’ official message board is velas.com/en/blog. Velas’ official Twitter account is @velasblockchain and its Facebook page is accessible here.

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 possible to purchase alternative cryptocurrencies such as Velas directly using U.S. dollars. Investors seeking to acquire Velas should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Velas using one of the aforementioned exchanges.

VLX/USD price chart by TradingView