Velas (VLX) Self Reported Market Cap Reaches $13.25 Million

Velas (VLX) traded down 6.3% against the dollar during the 1-day period ending at 13:00 PM ET on August 5th. One Velas coin can currently be bought for approximately $0.0051 or 0.00000009 BTC on major cryptocurrency exchanges. In the last seven days, Velas has traded down 31.3% against the dollar. Velas has a market capitalization of $13.25 million and approximately $1.28 million worth of Velas was traded on exchanges in the last day.

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

• Avalanche (AVAX) traded down 5.1% against the dollar and now trades at $19.92 or 0.00036524 BTC.
• NEAR Protocol (NEAR) traded 11.4% lower against the dollar and now trades at $3.58 or 0.00006562 BTC.
• Internet Computer (ICP) traded 0.7% higher against the dollar and now trades at $7.25 or 0.00013303 BTC.
• Cronos (CRO) traded down 4.5% against the dollar and now trades at $0.0751 or 0.00000138 BTC.
• Hedera (HBAR) traded down 2.5% against the dollar and now trades at $0.0532 or 0.00000098 BTC.
• Cosmos (ATOM) traded down 2.6% against the dollar and now trades at $4.76 or 0.00008726 BTC.
• Algorand (ALGO) traded up 0.5% against the dollar and now trades at $0.11 or 0.00000206 BTC.
• Fetch.ai (FET) traded down 9.2% against the dollar and now trades at $0.81 or 0.00001480 BTC.
• Akash Network (AKT) traded 0.5% higher against the dollar and now trades at $2.07 or 0.00003812 BTC.
• Theta Fuel (TFUEL) traded 3.4% lower against the dollar and now trades at $0.0494 or 0.00000091 BTC.

About Velas

Velas (VLX) uses the hashing algorithm. Its launch date was April 25th, 2019. Velas’ total supply is 2,619,212,364 coins. The official message board for Velas 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 website is velas.com. 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 currently possible to buy alternative cryptocurrencies such as Velas directly using US dollars. Investors seeking to acquire Velas should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Velas using one of the aforementioned exchanges.

VLX/USD price chart by TradingView