Venus (XVS) 24-Hour Trading Volume Tops $1.37 Million

Venus (XVS) traded 2.1% lower against the US dollar during the 24-hour period ending at 15:00 PM Eastern on August 11th. During the last seven days, Venus has traded up 3.3% against the US dollar. One Venus token can currently be bought for $6.23 or 0.00010431 BTC on major exchanges. Venus has a total market cap of $100.88 million and $1.37 million worth of Venus was traded on exchanges in the last day.

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

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 0.2% lower against the dollar and now trades at $0.0128 or 0.00000021 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded up 1% against the dollar and now trades at $0.0567 or 0.00000094 BTC.

Venus Profile

Venus launched on November 20th, 2020. Venus’ total supply is 30,000,000 tokens and its circulating supply is 16,192,644 tokens. Venus’ official message board is community.venus.io. The official website for Venus is venus.io. Venus’ official Twitter account is @venusprotocol and its Facebook page is accessible here.

According to CryptoCompare, “Venus Protocol is an algorithmic-based money market system designed to bring a complete decentralized finance-based lending and credit system onto Binance Smart Chain.Venus enables users to utilize their cryptocurrencies by supplying collateral to the network that may be borrowed by pledging over-collateralized cryptocurrencies. This creates a secure lending environment where the lender receives a compounded interest rate annually (APY) paid per block, while the borrower pays interest on the cryptocurrency borrowed. These interest rates are set by the protocol in a curve yield, where the rates are automated based on the demand of the specific market, such as Bitcoin.TelegramWhitepaper”

Buying and Selling Venus

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

XVS/USD price chart by TradingView