Looking for a Velas price prediction?
Velas is a blockchain technology-based company headquartered in Switzerland. It is an artificial intuition-operated DPoS blockchain ecosystem for interoperable and highly scalable transactions.
Velas (VLX) is a cryptocurrency driven by a diverse team of mathematicians, engineers, researchers, cryptographers, and results-driven business heads. Moreover, Velas leverages the advantages of blockchain technology and tools to create a transparent, open-source and community-driven decentralized ecosystem.
In this piece, we examine the Velas Price Prediction to find out how it may look like a few years from now.
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Velas Price Prediction
Table of Contents
What is Velas?
Velas is the world’s fastest EVM blockchain and open-source platform for decentralized projects and applications, processing up to 75,000 transactions per second with instant finality, extremely low fees, and solidity support. It is a blockchain platform suitable for thousands of applications and services to be built upon and developed to be one of the most secure and fastest platforms in the industry.
Velas was inspired by the values of Web 3.0 and Blockchain technology. It was designed to be a project that combines blockchain to create a transparent, community-driven, and decentralized ecosystem of products and services. It uses disruptive technologies and innovations to build a self-governed, decentralized future driven by the collective intelligence of the community with the user’s need primarily in mind. It combines the best qualities of both centralized and decentralized solutions.
Overview of Velas network
Velas Blockchain is a decentralized artificial intelligence (AI)-powered blockchain. The Velas Network is host to a diverse range of decentralized applications (dApps), including VelasPad and BitOrbit. In addition, the native VLX token is an essential part of the Velas Artificial Intelligent Delegated Proof of Stake (AIDPoS) consensus algorithm. It is used as a unit of account throughout the network in conjunction with Velas Wallet.
Furthermore, Velas Blockchain uses the Solana blockchain codebase with additional Ethereum Virtual Machine (EVM) functionality. This enables the Velas development community to create cross-chain applications that benefit from super-fast transaction confirmations and low fees. Moreover, the platform aims to promote the mass adoption of blockchain and Web3 technologies by providing a familiar and flexible ecosystem of tools and services.
Velas Network Security
Velas has always had the security of their prospective users in mind way before the implementation of the Velas Blockchain. They have researched actively to find the most suitable decentralized, scalable and secure network. A total of 48 consensus mechanisms including 34 proof-based, 7 vote-based, and 8 alternatives (DAG-based) solutions were analyzed and reviewed intently.
The DPoS consensus mechanism was chosen as the most appropriate solution that with wise settings could meet all requirements on the network and network participants level. It is much more scalable than the traditional Proof of Work (PoW) and Proof of Stake (PoS) consensus system. The DPoS is also democratic and encourages decentralized governance amongst delegates on the network. In addition, the entrance threshold is extremely low which makes it one of the most decentralized existing consensus mechanisms and the mechanism has strong protection from double-spend attacks.
Velas Wallet is an essential tool for users of the Velas network. Network participants need the wallet to take part in VLX token staking, node operation, and stake delegation. Furthermore, the multi-currency wallet is available as a web browser wallet for Mac, Linux, and Windows and as a mobile app for Android and iOS. Plus, it protects users against surveillance and censorship.
VelasPad is the crypto launchpad flagship and incubator platform of Velas’ blockchain ecosystem. The platform operates in partnership with the Velas development team and is seeing substantial growth and adoption. In addition, projects that launch via VelasPad enters the Velas grant program. This $100 million grant program helps to support and fund a new wave of innovative blockchain projects using Velas’ technology. Moreover, VelasPad gives community members the opportunity to take part in token launch events and provides up-and-coming projects with early funding to get products to market quickly.
Founders of Velas
Velas was founded by Alex Alexandrov who is a prominent blockchain investor and crypto entrepreneur in 2019. Alex is also a founder of Coin Payments, a well-known website for cryptocurrency payment. He is also an advisor and investor of a popular Korean AI startup, Mind AI and a consultant for the FBI and other national government security on technology and AI implementation.
Velas token (VLX)
The native token of the Velas platform is called VLX. The utility coin is mainly used in many ways including;
The Velas network uses the novel AIDPoS consensus mechanism. This enables any VLX token holder to participate in VLX token staking, either directly or by delegating VLX tokens to validators who process transactions throughout the network. That way, network participants share both the risk and reward of long-term VLX token staking. The alignment of financial incentives between delegators and token holders enables users to earn a passive income while supporting the network.
Furthermore, the higher number of delegates that stake with a validator, the more frequently that validator will process transactions and they earn more rewards for themself and their delegators. Validators must pay to operate their systems. As such, delegators must pay a percentage of their earnings as a fee to validators. Moreover, validators can compete with one another by offering the most favorable commissions for delegators.
Those who participate in VLX token staking risk losing their funds via token slashing. However, this process automatically removes and destroys part of a stake when intentionally malicious behavior occurs. When slashing takes place, validators and delegators can lose their stake. Moreover, the staking and slashing functions provide incentives to maintain security and performance across the network.
All the services of the Velas platform such as BitOrbit, are paid using the VLX token. The token allows their Velas coin (VLX) holders to transact and pay for fees. Others can also use the platform to execute the payment.
Users can trade and invest in VLX tokens like other cryptocurrencies. The advantages include payments made in VLX tokens that can be exchanged or sold at the current market rate through services like Bittrex, HitBTC. Velas recommends to store the coin in the wallet.
VLX holders have been bestowed the power of voting through the DPoS consensus mechanism and can vote on any decision about the development of the Velas platform.
Medium of Exchange
VLX can be used to exchange for an equal amount of digital assets, stablecoins, virtual currency, or any cryptocurrency token.
On the Velas platform, community members get to hold rights in decision-making and can update or remove existing protocols.
Velas Price Chart
The global cryptocurrency market hit $2.37 trillion experiencing quite a growth. Total crypto market volume has touched $137.77 billion. Crypto enthusiasts and the crypto industry are not ready to pause for the worry of threat to the macroeconomic and financial stability of the nations. The current price of Velas VLX is $0.044, with a 24-hour trading volume of $ 1.88M USD.
The coin’s market cap is $ 101.93M USD, with a circulating supply of $2.33B USD. The highest price at which the coin traded was $0.572, which was on November 4, 2021. An all-time low was noted at $0.01162 on October 16, 2019. Looking at the technical analysis chart after Velas’ price had been hanging for two months, it went through price action in November and prices started to surge, forming new highs. On November 4 2021, it touched the all-time high in the Velas price history.
The Velas price increase on November 4 2021 formed a huge bearish candle on the chart with a sell Velas’ sign. After the continuous rise, which has happened with every token; investors lost interest in investing and a huge pullback was witnessed in Velas’ price levels. Velas VLX started falling through a descending wedge pattern, and it was brutally retraced back to more than half of the raised level from the maximum price level.
Immediate resistance for Velas VLX coin is placed at $0.349, and any rise above this is expected to take Velas to $0.408. Major resistance is placed at $0.463 above the range, Velas can be predicted as a profitable investment for the short term. On the other hand, if the price of Velas fails to bounce back, then a Velas VLX price can crash to $0.0209.
On analyzing the data of some of the major technical indicators, RSI is placed at 60.01. MACD is above the signal line for the past many days. Velas VLX price is above the 50 EMA and 20 EMA, and 200 EMA. VLX price prediction for the short term is bullish. Investors and traders can start to enter into Velas VLX.
Velas Price Prediction
The Velas price has given a good return to investors for the last year. Significant returns in a single year made Velas worth it for those who had the coin in their portfolio. The volatility of digital tokens always depends on the prevailing market scenario. To some extent, the project team can control demand and supply. The inflation rate of the coin also affects its price. Velas’ price forecast is unrevealing long-term growth.
VLX forecast are done by applying deep artificial intelligence-assisted technical Analysis on the past price data of Velas. We do our best to collect maximum historical data for the VLX coin which include multiple parameters like past price, Velas market cap and Velas volume.
If you are looking to invest in digital cryptocurrencies and want a good return on your investments, make sure to proceed in this read to get a good understanding of the Velas price and predictions.
Before we even start this, I should clarify that past performance is not indicative of future results, and you should always approach trading with a set of fundamental principles that guide your trades. Historical data and technical price analysis help but they are not always conclusive. That being said, we have to acknowledge that crypto prices are arguably the hardest ones to predict because they are complex instruments we are still learning about. That shouldn’t stop you from taking into account experts’ opinions and forecasts when investing because they may give you a different perspective concerning factors that may affect future price forecasts of the cryptocurrencies.
Although we have Velas price prediction information, this is not indicative of Velas price forecast.
This is not investment advice and you will be better off doing your own research before getting involved with the crypto market. If possible, talk to your financial advisor if you intend to invest in the crypto market because if you get it right, historical price analysis can help.
Velas Price Prediction 2022
During the second half of the year, it is predicted that the coin will trade at a price of $0.089. The expected maximum price is $0.089. The minimum price is expected at $0.077. Hence, the year’s average price is expected to be $0.079 based on our Velas price forecast.
Velas Price Prediction 2023
Velas enthusiasts can expect a start at an average price of about $0.12 and a minimum price of $0.12 as per our Velas price forecast. The maximum value is expected to be $0.14 for that year. By 2023 as per our Velas coin forecast, it will break the record of all-time high and will be moving to new highs.
Velas Price Prediction 2024
In 2024 market analysts and experts predict the VLX price will cross an average price level of $0.18. The expected minimum price value of Velas by the end that year could be $0.17. Moreover VLX can reach a maximum price of $0.20.
Velas Price Prediction 2025
According to the VLX price forecast and technical analysis, in 2025 the average forecast price level is expected to be $0.25. The expected minimum price value of Velas by the end of the current year should be $0.25. Moreover VLX can reach a maximum price of $0.29.
Velas Price Prediction 2026
As per the forecast data analysis, the price of VLX is expected to have an average trading price of $0.37. By the end of the year, Velas is expected to reach a minimum price of $0.36. In addition, the VLX price is capable of getting a maximum price of $0.43. Investors and holders of crypto assets must know the Velas Price Prediction 2026.
Velas Price Prediction 2027
According to the Velas forecast price and technical analysis, in 2027 the VLX price is expected to cross an average price level of $0.54. The expected minimum price of Velas by the end of that year could be about $0.52. Moreover VLX can reach a maximum price of $0.63.
Velax Price Prediction 2030
In 2030 the VLX price is expected to cross an average price level of $1.70. The expected minimum price of Velas by the end that year should be about $1.65. Moreover VLX can reach a maximum price level of $1.97. Shortage tends to encourage a rise in the price of Velas, and the value is expected to grow in the future. With the current market capitalization of $541,802,226.67, the future price of Velas may be at some risk, but with maximum research, the risk can be avoided.
Is Velas a good investment?
Analyzing data of the different price forecast system and 5 years period shows an increase in Velas’ price. As per Velas Coin Price Prediction, investors may earn a handsome amount in long the run. However, the graphs for Velas will go up and down in the future as a result of the price evolution and projections. Consequently, any forecasts are hypothetical.
Where can I buy Velas?
Traders can buy Velas or sell Velas from any of the following; CEX CoinEx, Gate.Io, Kucoin, Bitcoin.com, HitBTC, Digifinex, Probit.com or DEX including Uniswap, Pancake Swap. Velas’ forecast suggests that the coin will be a good choice for middle-term and long-term investment as the maximum price, average price, and minimum price, all are expected to grow.
How high can the Velas Coin go?
While the VLX coin achieved its all-time high of $0.5473 on 4 January 2022, the prospect of VLX trending higher in the future largely depends on the token achieving broader adoption.
Although Velas seems to be in its infant stages, there’s a lot of potential in the foreseeable future. Velas leverages the advantages of blockchain technology and tools to create a transparent, open-source and community-driven decentralized ecosystem.
The analysis indicates that Velas upward trend momentum will continue, however the future price is also subject to market forces that often dictate how cryptocurrencies will perform. That being said, you should not ignore the fact that the market, particularly that of cryptocurrencies is inherently volatile.
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