Velas ( VLX ) Overview
Velas price today
What is Velas?
Velas, a Switzerland-based company, is a prominent player in the field of blockchain technology. Powered by artificial intuition, Velas operates on a Delegated Proof-of-Stake (DPoS) blockchain ecosystem that enables efficient and interoperable transactions at a large scale. With its cutting-edge features, Velas boasts the Ethereum virtual machine or EBPF hybrid blockchain consensus, renowned for its exceptional speed.
One of Velas’ key strengths lies in its exceptional transaction speed, capable of securely processing up to 75,000 transactions per second. Moreover, users can expect prompt confirmation of their transactions, typically within a maximum of 1.2 seconds.
In 2020, Velas introduced a significant development by launching a fork of Solana integrated with the Ethereum Virtual Machine (EVM). By incorporating Solana’s technology and enhancing it with additional features, Velas ensures compatibility with the EVM, facilitating seamless operation of Ethereum-based decentralized applications (dApps) and decentralized finance (DeFi) protocols within its ecosystem. This versatility is further amplified by Velas’ support for every smart contract constructed on the Ethereum blockchain
A notable advantage for developers working with Velas is its “freedom project.” Unlike other platforms, Velas does not impose backend fees on developers during the project development process, offering them greater financial flexibility and freedom to innovate.
As of now, Velas is valued at $0.237, with a market capitalization of approximately $541,802,226.67. With this information, let us delve further into the technical analysis and price predictions to gain insights into the potential future value of Velas.
Unveiling VLX: The Native Token of Velas
VLX, the inherent token of the Velas platform, plays a crucial role in various aspects. Primarily, it serves as a utility coin with three main functions. The first is staking, wherein traders can stake their VLX tokens and earn rewards for validating blocks. To facilitate this, Velas employs a delegated staking mechanism, allowing stakers to delegate their tokens to their preferred node. Notably, there are no limitations on the delegation of stake, granting flexibility to the users.
The second function revolves around the payment for all services provided by the Velas platform, including BitOrbit. Users are required to use VLX tokens to access these services, ensuring seamless transactions within the ecosystem. Lastly, VLX tokens can be traded and invested in, just like any other cryptocurrency. This opens up opportunities for users to engage in trading activities and potentially benefit from the fluctuating market.
One notable advantage of VLX tokens is their ability to be exchanged or sold at the prevailing market rate through platforms such as Bittrex and HitBTC. This offers users the flexibility to convert their VLX tokens into other cryptocurrencies or fiat currencies as per their preferences.
To ensure the safe storage of VLX tokens, it is recommended to utilize the Velas Wallet, which provides a secure and convenient storage solution. By utilizing this wallet, users can have peace of mind knowing that their tokens are well-protected.
Navigating the Future: VLX Technical Analysis
The recent turmoil surrounding Terra (LUNA) and its impact on the cryptocurrency market has caused a shift in investor sentiment. Previously, investors saw price corrections as buying opportunities. However, the trust in cryptocurrencies has been shaken, leading investors to become more cautious, even when prices are lower.
Market Overview
The worldwide market for cryptocurrencies has experienced significant growth, reaching a total value of $819,102,880,893. The overall market volume has reached $133.48 billion. Despite concerns about the macroeconomic and financial stability of nations, crypto enthusiasts and the industry remain undeterred.
Velas VLX Overview
Currently, Velas VLX is trading at $0.02078, with a 24-hour trading volume of $644,475. The market capitalization of the coin stands at $49,822,350, and the circulating supply is 2,396,688,899 VLX. The coin reached its highest trading price of $0.572 on November 4, 2021, and its all-time low of $0.01162 on October 16, 2019. Unfortunately, Velas’ price has been in a continuous correction phase for over three months, with limited hope of a quick recovery.
Price Analysis
The consistent decline in VLX’s price, similar to other tokens, has led to a loss of investor interest and a significant pullback in Velas’ price levels. Currently, Velas is finding support near the $0.0088 level. However, the price today stands at $0.02091, raising concerns about the sustainability of this support level.
Resistance and Support Levels
Immediate resistance for Velas VLX is at $0.154, and a rise above this level could propel Velas towards $0.244. Further major resistance is located at $0.3166. Breaking through this range would position Velas as a potentially profitable investment for the short term. Conversely, if Velas fails to rebound from the immediate support of $0.0088, the price could crash to $0.0065, with major support at $0.0050.
Technical Indicators
Analyzing the data of major technical indicators, the Relative Strength Index (RSI) for Velas VLX is at 58.84. The Moving Average Convergence Divergence (MACD) indicator shows that it is currently slightly above the signal line. Furthermore, Velas VLX’s price remains below the 20-day Exponential Moving Average (EMA), 50-day EMA, and 200-day EMA. Based on these indicators, the short-term price prediction for Velas VLX is bearish. Therefore, investors and traders are advised to exercise caution before entering any trades involving Velas (VLX).
Current Velas ( VLX ) Price
Velas Price Predictions: 2023-2030
VLX Coin Price Prediction 2023
In 2023, Velas enthusiasts can anticipate a promising start for the coin, with an average price of $0.045 and a minimum price of $0.025 according to our Velas price forecast. As the year progresses, the Velas price is expected to reach $0.05 in the middle of the year, with a maximum projected value of $0.0478. This suggests that Velas may surpass its previous all-time high and continue moving towards new highs.
VLX Crypto Price Prediction 2024
Looking ahead to 2024, the VLX crypto forecast indicates a starting price of $0.045 in January. By July 2024, the Velas price predictions suggest that it will surpass $0.049. The forecast data also indicates a maximum predicted range of $0.059, which would signify a further increase in the coin’s value. As a result, individuals interested in cryptocurrencies may consider investing in Velas in the medium-term.
Velas Price Prediction 2025
Based on our VLX coin forecast, Velas’s future appears bullish in 2025. The year is projected to commence with a price of $0.060. According to the Velas crypto price forecast, the value is expected to reach a maximum of $0.079 within the year. Therefore, the predictions for VLX in 2025 suggest that Velas could be a worthwhile investment.
Velas Price Prediction 2026
According to our Velas price forecast, investing in Velas in 2026 is expected to yield significant returns, as the price is anticipated to experience substantial fluctuations throughout the year. The maximum price is projected to reach $0.099, while the average and minimum prices are estimated to be $0.095 and $0.083, respectively.
Velas Price Prediction 2027
For the year 2027, it is predicted that during the second half, the Velas price may trade near $0.10, with the maximum future price expected to be $0.159. The minimum price is anticipated to be $0.0095. Consequently, the average price for the year is projected to be within the $0.084 range, based on our Velas price forecast.
Velas Price Prediction 2028
Based on our analysis of Velas, the coin is projected to have an average trading price of $0.15. The minimum and maximum prices for the year may be around $0.13 and $0.17, respectively.
Velas Price Prediction 2029
Drawing insights from the coin’s past performance, it is projected that the maximum value of Velas in 2029 could reach $0.21. Meanwhile, the minimum and average prices are estimated to be approximately $0.19 and $0.20, respectively.
Velas Price Prediction 2030
Looking further into the future, by the year 2030, our Velas price prediction suggests that the coin may have a minimum price of $0.25, an average price of $0.30, and a maximum price of $0.35. These figures highlight the potential growth of Velas in the coming years.
Velas: Unlocking the Advantages
Velas is a blockchain platform that offers several advantages for users looking to build decentralized applications and utilize smart contracts. It prioritizes security, scalability, and interoperability within its ecosystem. With Velas, users can experience quick payment confirmations, low transaction costs, and various features that contribute to the growth and efficiency of the platform.
Building Decentralized Applications
Velas enables users to build decentralized applications (dApps) backed by smart contracts. Compared to competitors in the industry, Velas offers meager transaction costs, making it a cost-effective choice for developers. The platform’s focus on security, scalability, and interoperability ensures a robust and reliable environment for dApp development.
Integration and Partnership Opportunities
Velas provides several integration and partnership opportunities for its users. Buyers can integrate dApps from Ethereum Virtual Machine (EVM) and integrate with exchanges, allowing for seamless interactions within the blockchain ecosystem. Additionally, Velas offers a grant program for individuals and organizations to contribute their products and technology, further fostering the growth of the ecosystem.
New Projects for Customer Benefit
To stay competitive in the blockchain industry, Velas has introduced a range of new projects that bring significant benefits to customers. Some notable projects include VelasPad, BitOrbit, and Velas Account. These projects enhance the user experience and expand the platform’s capabilities.
Velas Account: Simplified and Secure Access
Velas Account revolutionizes user access and security by implementing biometric authentication on the user’s device for transactions and login requests. Users no longer need separate passwords, as Velas Account offers a 360-degree view of connected apps and sessions across all devices. Additionally, the interface facilitates easy migration from centralized to decentralized solutions, simplifying the user experience.
BitOrbit: Decentralized Social Media Platform
BitOrbit is a decentralized social media platform within the Velas ecosystem. It provides users with accounts, chats, and content monetization capabilities. Content developers can directly monetize their work, allowing followers to pay for their content without the need for intermediaries. This streamlined process reduces complexity and empowers creators to directly benefit from their creations.
Velas Vault: Enhanced Data Security
Velas Vault offers users a secure solution for password storage and key delegation. By utilizing a segmentation algorithm, passwords and key information are distributed across the network, ensuring privacy and preventing access by any individual participant. Velas Vault employs various mechanisms to protect data privacy, relieving users of the responsibility of data security. Users can securely store their digital assets, implement different types of authorizations, and safeguard passwords from other services through Velas’ account authorizations.
Velas Wallet: Convenient Asset Management
Velas Wallet provides users with a reliable solution for storing, staking, and transferring cryptocurrencies and digital assets. With Velas Wallet, users can securely manage their digital assets within the Velas ecosystem, ensuring efficient and convenient asset management.
Conclusion:
Considering the Velas price predictions for the period of 2023 to 2030, it is evident that Velas has the potential for significant growth and investment opportunities. Starting at an average price of $0.045 in 2023, the price is expected to steadily increase, reaching new highs and potentially surpassing previous all-time highs. By 2030, Velas could potentially have a minimum price of $0.25, an average price of $0.30, and a maximum price of $0.35.
These projections indicate a positive trend for Velas, suggesting that it may be a worthwhile investment option for those interested in cryptocurrency. However, it is important to note that the cryptocurrency market is highly volatile, and future performance cannot be guaranteed.
Investors should conduct thorough research, analyze market conditions, and consider their own risk tolerance before making any investment decisions. While the Velas price predictions provide valuable insights, it is crucial to approach investment decisions with a diversified portfolio and a long-term perspective.
By carefully assessing the information available and seeking professional advice, individuals can make informed decisions that align with their investment goals and risk tolerance, taking advantage of the potential growth opportunities that Velas may offer.
FAQs
What is the price prediction for the Velas coin in 2025?
The price prediction for Velas coin in 2025 is a maximum value of $0.079 according to the forecast.
How much is Velas coin price prediction for 2030?
The price prediction for Velas coin in 2030 is a minimum price of $0.25, an average price of $0.30, and a maximum price of $0.35.
Is Velas crypto a good investment?
Whether Velas crypto is a good investment depends on individual preferences and risk tolerance. It is recommended to conduct thorough research and analysis before making any investment decisions.
Will Velas be listed on Binance?
Currently, Binance has no plans of listing Velas on their platform.
What does velas do?
Velas is a cryptocurrency project that aims to provide a scalable and secure blockchain platform for decentralized applications (dApps) and smart contracts. It focuses on improving transaction speed and scalability while maintaining security and decentralization.