Velas (VLX) experienced a notable decline, with its market capitalization falling to $2.27 million as of December 27, 2023. During the 24-hour period ending at 09:00 AM E.T., Velas traded approximately 7.6% lower against the U.S. dollar. In the same timeframe, around $2,070 worth of Velas was exchanged on various platforms.
The price of a single Velas coin currently stands at about $0.0008, which is equivalent to 0.00000001 BTC. Over the past week, the cryptocurrency has seen a significant downturn, trading down 23.5% against the U.S. dollar.
Understanding Velas
Velas employs a unique hashing algorithm and was launched on April 25, 2019. The total supply of Velas coins is 2,764,304,288. For further information, users can visit the official Velas website at velas.com. The platform also maintains an active presence on social media, with updates available on Twitter at @velasblockchain and a community forum on Reddit at reddit.com/r/velas.
Given the nature of cryptocurrency transactions, purchasing Velas directly with U.S. dollars is often not feasible. Investors interested in acquiring Velas typically need to first obtain Bitcoin or Ethereum through exchanges that accept U.S. dollars, such as GDAX, Changelly, or Gemini. Once they have Bitcoin or Ethereum, they can then exchange these cryptocurrencies for Velas on the same or other exchanges.
For those looking to stay informed about Velas and related cryptocurrencies, MarketBeat.com offers a free daily newsletter, CryptoBeat, providing concise updates and news summaries.
Velas continues to navigate the volatile cryptocurrency market, and its performance reflects broader trends affecting digital currencies. Investors should remain vigilant and conduct thorough research before making investment decisions in this rapidly changing environment.
