Velas Self Reported Market Capitalization Tops $27.88 Million (VLX)

Velas (VLX) traded down 1% against the U.S. dollar during the 24 hour period ending at 20:00 PM Eastern on June 15th. One Velas coin can currently be purchased for about $0.0107 or 0.00000016 BTC on popular exchanges. Velas has a market capitalization of $27.88 million and $738,251.11 worth of Velas was traded on exchanges in the last day. In the last seven days, Velas has traded down 17.9% against the U.S. dollar.

Here is how other cryptocurrencies have performed in the last day:

• Avalanche (AVAX) traded down 0.7% against the dollar and now trades at $30.12 or 0.00045508 BTC.
• NEAR Protocol (NEAR) traded 0.1% lower against the dollar and now trades at $5.58 or 0.00008427 BTC.
• Internet Computer (ICP) traded 1.4% lower against the dollar and now trades at $9.15 or 0.00013828 BTC.
• Hedera (HBAR) traded down 1.8% against the dollar and now trades at $0.0847 or 0.00000128 BTC.
• Cosmos (ATOM) traded up 0.4% against the dollar and now trades at $7.14 or 0.00010784 BTC.
• Cronos (CRO) traded down 0.4% against the dollar and now trades at $0.10 or 0.00000151 BTC.
• Fetch.ai (FET) traded down 1% against the dollar and now trades at $1.45 or 0.00002195 BTC.
• Algorand (ALGO) traded up 0.8% against the dollar and now trades at $0.15 or 0.00000230 BTC.
• Akash Network (AKT) traded 0% lower against the dollar and now trades at $3.46 or 0.00005224 BTC.
• Kava (KAVA) traded up 0.7% against the dollar and now trades at $0.56 or 0.00000841 BTC.

Velas Coin Profile

Velas uses the hashing algorithm. It launched on April 25th, 2019. Velas’ total supply is 2,601,483,781 coins. Velas’ official website 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. Velas’ official Twitter account is @velasblockchain and its Facebook page is accessible here.

According to CryptoCompare, “Velas ™ is a self-learning and self-optimizing blockchain platform for secure, interoperable, extremely scalable transactions and smart contracts. The Velas blockchain uses neural networks optimized by artificial intelligence to enhance its consensus algorithm, which maintains decentralization, stability, and security.”

Buying and Selling Velas

It is usually not possible to buy alternative cryptocurrencies such as Velas directly using U.S. dollars. Investors seeking to acquire Velas should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. 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