Velas Reaches Self Reported Market Capitalization of $14.70 Million (VLX)

Velas (VLX) traded 0.3% higher against the dollar during the twenty-four hour period ending at 13:00 PM ET on March 6th. Velas has a total market cap of $14.70 million and approximately $274,867.46 worth of Velas was traded on exchanges in the last 24 hours. One Velas coin can currently be bought for about $0.0055 or 0.00000006 BTC on exchanges. In the last week, Velas has traded 0.5% higher against the dollar.

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

• Hedera (HBAR) traded down 3.4% against the dollar and now trades at $0.24 or 0.00000266 BTC.
• Avalanche (AVAX) traded up 2.5% against the dollar and now trades at $21.08 or 0.00023709 BTC.
• NEAR Protocol (NEAR) traded up 8% against the dollar and now trades at $3.11 or 0.00003503 BTC.
• Internet Computer (ICP) traded 0.4% higher against the dollar and now trades at $6.17 or 0.00006942 BTC.
• Cronos (CRO) traded 15.3% higher against the dollar and now trades at $0.0894 or 0.00000101 BTC.
• Algorand (ALGO) traded 1.9% lower against the dollar and now trades at $0.24 or 0.00000274 BTC.
• Cosmos (ATOM) traded up 0.9% against the dollar and now trades at $4.29 or 0.00004820 BTC.
• Fetch.ai (FET) traded 3.9% higher against the dollar and now trades at $0.63 or 0.00000705 BTC.
• Kava (KAVA) traded down 3.1% against the dollar and now trades at $0.43 or 0.00000489 BTC.
• Akash Network (AKT) traded down 3.7% against the dollar and now trades at $1.35 or 0.00001520 BTC.

About Velas

Velas (VLX) uses the hashing algorithm. Its launch date was April 25th, 2019. Velas’ total supply is 2,691,677,592 coins. Velas’ official Twitter account is @velasblockchain and its Facebook page is accessible here. 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. 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 Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Velas using one of the exchanges listed above.

VLX/USD price chart by TradingView