Velas (VLX) Self Reported Market Cap Reaches $26.37 Million

Velas (VLX) traded 1.6% lower against the US dollar during the 1-day period ending at 12:00 PM ET on January 5th. One Velas coin can currently be purchased for about $0.0099 or 0.00000010 BTC on exchanges. In the last week, Velas has traded 1.8% lower against the US dollar. Velas has a total market cap of $26.37 million and approximately $328,663.47 worth of Velas was traded on exchanges in the last 24 hours.

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

• Avalanche (AVAX) traded up 1.1% against the dollar and now trades at $42.06 or 0.00042932 BTC.
• Hedera (HBAR) traded down 2% against the dollar and now trades at $0.30 or 0.00000306 BTC.
• NEAR Protocol (NEAR) traded 0.2% higher against the dollar and now trades at $5.81 or 0.00005926 BTC.
• Internet Computer (ICP) traded 1.3% lower against the dollar and now trades at $12.12 or 0.00012366 BTC.
• Cronos (CRO) traded down 2.5% against the dollar and now trades at $0.16 or 0.00000163 BTC.
• Fetch.ai (FET) traded 0.2% lower against the dollar and now trades at $1.49 or 0.00001524 BTC.
• Algorand (ALGO) traded down 0.7% against the dollar and now trades at $0.41 or 0.00000416 BTC.
• Cosmos (ATOM) traded 0.2% lower against the dollar and now trades at $7.29 or 0.00007442 BTC.
• Akash Network (AKT) traded 1.5% lower against the dollar and now trades at $3.39 or 0.00003462 BTC.
• Kava (KAVA) traded up 0.7% against the dollar and now trades at $0.55 or 0.00000562 BTC.

Velas Profile

Velas (VLX) uses the hashing algorithm. It launched on April 25th, 2019. Velas’ total supply is 2,671,316,779 coins. Velas’ official Twitter account is @velasblockchain and its Facebook page is accessible here. The official website for Velas is velas.com. Velas’ official message board 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.

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 buy alternative cryptocurrencies such as Velas directly using US dollars. Investors seeking to trade Velas should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. 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