Velo

Rise

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/velo-captures-attention-with-significant-rise-in-crypto-market/" data-wpel-link="internal">VELO Captures Attention with Significant Rise in Crypto Market</a><br></p>
<p style="text-align: justify">VELO, with its recent surge in the <a href="https://en.coin-turk.com/htx-cryptocurrency-exchange-withdraws-application-in-hong-kong/" data-wpel-link="internal">crypto market</a>, has drawn attention and has started to be called “Southeast Asia’s XRP” by some circles. Over the past six weeks, VELO’s value has experienced a remarkable 358% increase, drawing the interest of traders worldwide.</p> 
<h2 style="text-align: justify" id="velo-increases-by-358-in-6-weeks">VELO Increases by 358% in 6 Weeks</h2> 
<p style="text-align: justify">Velo Labs developed VELO to issue digital credits and facilitate limitless crypto transfers on behalf of businesses. The protocol is known to use smart contracts to simplify transactions for <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">investors</a>. It is recognized as a secure and transparent tool for transferring cryptocurrencies across borders.</p> 
<p style="text-align: justify">It is known that VELO follows a path similar to XRP to enhance the efficiency of cross-border payments. VELO focuses on developing <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">financial</a> infrastructures and enabling seamless transfers. Additionally, VELO stands out in comparisons with its competitors due to its possession of smart contracts, a feature currently lacking in XRP.</p> 
<p style="text-align: justify">However, it is important to remember that XRP is far ahead of VELO in terms of market cap and recognition.</p> 
<p style="text-align: justify">Significant changes have also been seen in VELO’s price. In the last 30 days, the price has dramatically jumped from a market low of $0.0088. The token currently shows an impressive rise of 225.51%, considered a significant gain contrary to the market trend.</p> 
<p style="text-align: justify">According to Santiment, one of the leading analysis firms in the market, VELO’s trading volume increased by 30% last week, and the price rose to $0.029. This price performance reflects the growing interest among investors.</p> 
<p style="text-align: justify">A member of the crypto community made the following statement:</p> 
<blockquote> 
 <p>Really, I see only one direction this could go in the next few weeks. In the worst-case scenario, if there’s a major pullback, the $0.015 level will need to be maintained. But for now, VELO is showing strength.</p> 
</blockquote> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-350205" src="https://coin-turk.com/wp-content/uploads/2024/05/velor-coin-turk-com.png" alt="" width="1116" height="933"></p> 
<h2 id="how-much-is-velo-now">How Much is VELO Now?</h2> 
<p style="text-align: justify">Various factors also influenced the increase in VELO’s popularity. The project is creating its own ecosystem and establishing significant strategic partnerships, including with major <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">companies</a> like iRemit, Visa, and Lightnet. These partnerships are thought to contribute to VELO’s regional recognition.</p> 
<p>On the other hand, looking at the current trading price of VELO, as of the time of writing, VELO is trading in the $0.025 region after a 1.5% decrease.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/velo-captures-attention-with-significant-rise-in-crypto-market/" data-wpel-link="internal">VELO Captures Attention with Significant Rise in Crypto Market</a></h5>

VELO Captures Attention with Significant Rise in Crypto Market

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