Learn more about Velas’ role in the cryptocurrency space with our 2024 Velas price prediction and comprehensive analysis of its long-term growth potential.
In a cryptocurrency market dominated by Bitcoin (BTC) and Ethereum (ETH), Velas (VLX) is gaining attention among investors and enthusiasts looking to diversify their portfolios.
We’ve looked at Velas price predictions for 2024 and what they suggest for the future of this digital asset. We also investigated the long-term price prediction for Velas Coin.
Is Velas a good investment? Will Velas prices rise or fall? And for those considering Velas for their portfolio, is this a smart choice? Let’s look at these questions as we analyze potential investment prospects for the coin.
What is Velas (VLX)?
Combining the flexibility of Ethereum with transaction speeds reminiscent of Solana (SOL), Velas is a blockchain platform designed to be the foundation for smart contracts and decentralized applications (dapps).
The Switzerland-based blockchain company has built an ecosystem that runs on Artificial Intuitive Delegated Proof of Stake (AIDPoS).
It sets itself apart by allowing interoperability and scalability, reportedly capable of up to 75,000 secure transactions per second. Confirmation time is also limited to 1.2 seconds, according to the platform developers.
The introduction of the network’s EVM-compatible mainnet in 2020 marks a major leap forward in facilitating a seamless transition of Ethereum-based dapps and decentralized finance (defi) protocols to that domain.
Velas appears to be positioning itself as a decentralized utopia for developers by removing the burden of backend costs and allowing them to innovate without financial obstacles.
VLX, the native token, stands at the center of the platform economy and serves three purposes: staking for block validation through a flexible delegation mechanism, enabling ecosystem services such as BitOrbit, and serving as a tradable asset within exchanges such as HitBTC.
Velas Ecosystem Overview
Alex Alexandrov and co-founder Farkhad Shagulyamov conceived the Velas blockchain ecosystem in 2019, hoping to be at the forefront of technological innovation geared toward everyday use.
An important foundation of the Velas blockchain includes a consensus mechanism known as Proof of History (PoH), which simplifies blockchain chronology.
It also features an optimized algorithm to enhance blockchain efficiency, known as Tower BFT, and a series of technologies including Turbine, Gulf Stream, Sealevel, Pipelining, Cloudbreak, and Archivers, focusing on improving transaction speeds, smart contract operations, and databases. Provides management and distributed storage solutions.
The Velas network hosts hundreds of applications and projects, including WagyuSwap, a decentralized exchange that offers extremely low trading fees to its users.
Meanwhile, another project, BitOrbit, is working to push the boundaries of social media by helping privacy-conscious creators monetize their content without intermediaries and engage users on a secure, direct support platform.
Additionally, the compatibility of the Velas ecosystem with Ethereum means a seamless transfer of features between the two, including DeFi services, non-fungible tokens (NFTs), and games.
This is essentially an Ethereum-based application that can take advantage of the rapidly growing smart contract environment on Velas and benefit from relatively low transaction costs compared to other EVM-compatible blockchains and a staking feature that allows holders to earn interest on their VLX tokens. This is an invitation to you. .
Velas has captured numerous other projects, from AstroSwap’s Cardano (ADA) chain trading innovation to Autofarm’s yield aggregation, as well as numerous NFT collections such as Velas Punks and Velas Dogs.
Additionally, the network not only fosters technological development, but also provides programs and financial support, fosters partnerships, and generates interest among a wide range of cryptocurrency enthusiasts.
Velas Price Prediction: Short-Term Outlook
So how will the development of the Velas ecosystem affect the VLX price prediction? At the time of this writing, Velas boasted a market capitalization of approximately $51 million and was ranked 535 on CoinMarketCap.
According to data from a cryptocurrency price tracker, VLX has performed poorly over the past 30 and 14 days, losing more than 22% of its value in one month and 17% in two weeks. However, the past seven days have been much rosier, with VLX recovering at least 6% of its lost value.
Now let’s take a look at the future of VLX price prediction for 2024. Insights from CoinCodex through deep learning algorithms and technical analysis suggest it could rise to $0.021257 by February 18, with the overall sentiment remaining neutral.
PricePredictions.net’s near-term VLX forecasts (specifically for 2024) suggest a moderately positive trend, with the token potentially reaching a minimum of $0.0286 and surging as high as $0.0328, while remaining at an average price of $0.0296. That year.
This implies one year of stabilization and gradual gains, indicating cautious attention from the investor community.
Velas Coin Price Prediction: Long-Term Possibilities
Looking further into the future for Velas price prediction in 2025, the coin is expected to gain stronger momentum with PricePrediction estimating a minimum potential value of $0.0406.
According to the website, VLX’s growth expectations could push the price up to $0.0493, with an average forecast price of $0.0418.
Price predictions for the next 10 years predict a steady rise, and PricePrediction.net forecasts Velas’ minimum, average, and maximum price forecasts for 2030 at $0.2585, $0.2677, and $0.3071, respectively, predicting another notable rise. there is.
The 2026 Velas price forecast predicts that the optimistic sentiment will continue, with the lower and upper price ranges hovering around $0.0584 and $0.0702, respectively, and the average price hovering around $0.0601. Continued adoption and technological developments may be key drivers of this trend.
By 2027, forecasts will begin to reflect stronger confidence in VLX, with a minimum value of $0.0849, a maximum reach of $0.1022, and an average transaction value of around $0.0873.
Moving forward to 2028 and beyond, PricePrediction’s in-depth technical analysis predicts further growth with the Velas cryptocurrency price prediction for 2028 forecasting a significant rise to a minimum of $0.1212, a high of $0.1456, and an average of $0.1256.
The positive trend is expected to continue until 2029, with a potential minimum price of $0.1780, a maximum of $0.2139, and an average price of around $0.1843.
According to the long-term Velas price forecast for 2030, the peak of the decade could see VLX reach a minimum level of $0.2585 and potentially a maximum of $0.3071, with an average price settling at $0.2677. This points to a decade of solid growth that could give Velas a potentially significant position in the cryptocurrency industry.
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As VLX establishes itself in the unpredictable world of cryptocurrency, potential investors must conduct thorough research and analysis. While we offer hopeful insights, it is important to be aware of the risks inherent in investing in digital assets and approach them with skepticism.
Therefore, investors should exercise caution, including gathering information from a variety of sources and seeking advice from financial experts when necessary.
Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only.
Frequently Asked Questions
Is Velas a good investment?
Technical analysis of Velas price predicts further growth. However, the potential of any cryptocurrency, including Velas, depends on various factors such as market trends, technology, and community support. As with all investments, it is important to thoroughly research and consider your risk tolerance before investing.
Will the Velas go up or down?
The near-term VLX outlook for 2024 suggests a somewhat positive trend. Long-term forecasts for 2030 predict a decade of robust growth. However, like all cryptocurrencies, the price of Velas is volatile and can fluctuate significantly depending on market conditions. We recommend that you monitor market analysis and news that may affect price movements.
Should I Invest in Velas?
Velas is gaining traction among investors and enthusiasts looking to diversify their portfolios. However, any decision to invest in Velas should be based on your personal financial goals and due diligence. Consider speaking with a financial advisor to see if it fits your investment strategy and risk profile.