Velas (VLX) Tops 1-Day Volume of $1.37 Million

Velas (VLX) traded 3.7% lower against the dollar during the 1-day period ending at 12:00 PM ET on December 4th. Velas has a market capitalization of $45.99 million and $1.37 million worth of Velas was traded on exchanges in the last day. One Velas coin can now be purchased for about $0.0173 or 0.00000018 BTC on major cryptocurrency exchanges. In the last seven days, Velas has traded 1.1% lower against the dollar.

Here is how other cryptocurrencies have performed in the last day:

• Avalanche (AVAX) traded up 6.8% against the dollar and now trades at $53.24 or 0.00056097 BTC.
• Hedera (HBAR) traded 17.6% lower against the dollar and now trades at $0.28 or 0.00000297 BTC.
• NEAR Protocol (NEAR) traded up 3.2% against the dollar and now trades at $7.25 or 0.00007642 BTC.
• Internet Computer (ICP) traded 5.1% higher against the dollar and now trades at $14.34 or 0.00015113 BTC.
• Cronos (CRO) traded up 10.5% against the dollar and now trades at $0.21 or 0.00000221 BTC.
• Fetch.ai (FET) traded 2.6% higher against the dollar and now trades at $1.89 or 0.00001990 BTC.
• Algorand (ALGO) traded down 13.2% against the dollar and now trades at $0.47 or 0.00000499 BTC.
• Cosmos (ATOM) traded 8.6% higher against the dollar and now trades at $9.98 or 0.00010517 BTC.
• Akash Network (AKT) traded up 4.2% against the dollar and now trades at $4.18 or 0.00004386 BTC.
• Kava (KAVA) traded 12.1% higher against the dollar and now trades at $0.71 or 0.00000746 BTC.

Velas Coin Profile

Velas uses the hashing algorithm. Its launch date was April 25th, 2019. Velas’ total supply is 2,660,976,493 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. 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.”

Buying and Selling Velas

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

VLX/USD price chart by TradingView