Velas (VLX) Price Shoots up 100% In a Week

Velas (VLX) Price Shoots up 100% In a Week
  • Velas (VLX) price shoots up 100% in a week
  • VLX is designed to remove the scaling and usability issues
  • Velas blockchain has announced the launch of a $5M funding program 

Cryptocurrencies have made a perfect comeback with top-notch tokens leading the way. Many cryptocurrencies are raising their prices and some cryptocurrencies are signaling a downtrend. In the past few weeks, the crypto market is showing a bullish signal. Likewise, Velas (VLX) shoots up 100% in a week.

Velas is an AI-powered Delegated Proof-of-Stake (AIDPOS) blockchain, open-source platform, and wide-scale ecosystem of decentralized products. Vela’s ecosystem of decentralized products enables everyone to feel the benefits of blockchain technology

VLX is the native token of the Velas blockchain. VLX used for transactions, payments, fees, and for supporting Proof-of-Stake consensus. More so, staking enables block producers to provide transaction consensus. Furthermore, Velas designed to remove the scaling and usability issues that often come along with cryptocurrencies.

Current Market Status 

At the time of writing, the trading price of VLX is $0.08693 with a trading volume of $2,329,052 in the last 24-hours. According to CoinMarketCap, the price value was12.53% up in a day. 

VLX Price Chart (Source: CoinMarketCap)

The above VLX price chart shows the bullish price over the last 7 days. BFC have spikes over 100% and they’re also more likely to reach more heights. Furthermore, Velas can trade in cryptocurrency exchanges such as HitBTC, Bitcoin.com Exchange, Changelly PRO, DigiFinex, and BW.com.

Velas Funding Program

At beginning of August, Velas blockchain has announced the launch of a $5 million funding program to help grow Velas ecosystem. The Velas Funding Program applies to any qualified specialist that will bring a big advantage to the Velas ecosystem.

Henceforth, Velas Funding Program, designed to support the growth of the Velas ecosystem and expand the reach in the new Web 3.0 epoch.

Therefore, with the forthcoming updates and upgrades of the platform, traders can expect more bullish trends in the upcoming days.

Disclaimer: The opinion expressed in this article solely author’s. It is not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Recommended for You

A dedicated writer who shows her interest in writing all sorts of content about the cryptocurrency market in NewsCrypto. She is an enthusiastic reader and writer with passion for sharing crypto news and trends.