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Velas Launches Its First DEX — 40 More Projects on the Pipeline

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Velas Launches Its First DEX — 40 More Projects on the Pipeline
Velas Launches Its First DEX — 40 More Projects on the Pipeline
  • Velas, set to launch over 40 unique projects, calls on investors to buy VLX.
  • Velas’ high TPS, advanced scaling, and AI usage make it a better version of .
  • Velas has a market of $322 million, making it a viable investment for investors.

The cryptocurrency and blockchain spheres remain dedicated to creating innovative designs. In line with that, Velas keeps breaking barriers and surprising many people. Recently, Velas launched its first DEX with several other projects set to launch on the Velas ecosystem.

In detail, Velas is the fork of Solana V2 with an EVM chain integration launched in 2019. Velas enables a scalable solution for DApps with up to 75k TPS. Smart contracts on can be brought to Velas with just a few clicks. This creates a solution for DeFi, DApps, and also NFTs.

Transactions on Velas are relatively low, thereby boosting the network’s performance. To jump on the Velas train while it is still at the early stage, simply buy the native blockchain asset. Similarly, you can buy via an investment in its fast-growing ecosystem.

Velas’ native token, VLX has come to become one of the top 250-coin, exceeding the $320 million market cap. The Velas ecosystem is still fresh, and ready for new projects. Hence, implying that the VLX price will grow greatly in the future. VLX ATH of $0.208 with a market cap of $322 million is yet another indication of a potential rise that will subsequently march up to and Ethereum soon.

Velas Grows Exponentially

The fully compatible blockchain, Velas keeps adding value to its ecosystem as a result of its recent projects. Firstly, the Velas Grant Program which was targeted at $5 million, surpassed the team’s expectations. Instead, the team raised that to $100 million to call the attention of more developers, users, and innovative ideas.

Next, the team launched VelasPad, the native launchpad for all Velas’ projects. The VelasPad helps in coding, marketing, legal, market and as well gives financial support. VelasPad’s native currency, VLXPAD is at a 149.21x ROI,showing a high demand for exposure to ongoing development in this ecosystem.

WagyuSwap is the next highly-anticipated project to launch on Velas soon. Thanks to leveraging the Velas technology stack, the decentralized exchange, WagyuSwap will be the world’s fastest and cheapest decentralized exchange (DEX). WagyuSwap’s native token was sold for $0.005 during the public sale. Today, it trades for $0.282, offering investors a high return on investment.

Up next is the BitOrbit project, powered by Velas technology. BitOrbit is the first project to leverage the Velas ecosystem. BitOrbit serves as a trusted, private blockchain-based platform where content monetization is the primary focus across social platforms. Through BitOrbit, an influencer can value their privacy and eliminate intermediaries all at once.

The Velas team is calling on all investors and interested parties to take up this golden opportunity availed by Velas. Invest on VLX today or the Velas ecosystem through VelasPad, BitOrbit, and WagyuSwap. Also, you can invest in any of the other 40 projects launching on the Velas blockchain in the coming months.

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Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Cryptocurrency

The Balance: Bitcoin bearish trend hasn’t stopped Americans from investing more in cryptocurrencies

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bitcoin bearish trend

Analytical resource The Balance posted a report stating that 39% of U.S. investors have become more invested in cryptocurrencies, despite the bitcoin bearish trend. 

According to the report’s author, these Americans are looking for new investment avenues to preserve their savings amid economic uncertainty.

Meanwhile, 41% of survey participants said they invested more in stocks, and about a third of them invested more in exchange-traded funds and exchange-traded index funds amid market uncertainty. Thirty-four percent of investors reported no change in their investment habits.

Slightly more than a quarter of investors surveyed admitted to investing less in assets. Nearly 20% of those surveyed admitted to investing less in cryptocurrencies this year. The report’s author argues that investing in cryptocurrency in times of uncertainty is more popular among young people.

Nearly half of millennials and Generation Z investors (age 41 and younger) said they prefer cryptocurrency – as opposed to just under a third of Generation X investors and older. The online survey was conducted from June 30 to July 9, 2022, and surveyed 1,200 Americans over the age of 18 who at least partially manage their finances.

However, according to Bank Of America, the number of active cryptocurrency users is down more than 50 percent from its peak last November.

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Cumberland: institutional investors give bitcoin growth predictions as high as $32,000 as early as 2022

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bitcoin growth prediction

US market maker Cumberland conducted a survey of institutional investors and found that most respondents were making bitcoin growth predictions as early as this year.

It is worth emphasizing that most of those surveyed are convinced that the crypto market will continue its decline in the near future. Analysts stress that the value of the main coin in the world of cryptocurrencies can fall to 16000 dollars. After that, Bitcoin should quickly recover the lost positions. At the end of the year, the value of BTC could reach $32,000. Cumberland experts point out that investors remain bullish. 

“Even with the current bearish trend, these results are not surprising. After all, those surveyed are trading cryptocurrencies, which means they believe in bitcoin. If they didn’t have this attitude toward BTC, they would continue to trade forex,” Cumberland analysts said.

Respondents do not expect any success in the stock market, despite the significant correlation between the stock and markets in recent months. According to institutional investors, the crypto market, at least in the near term, will depend significantly on the U.S. Federal Reserve’s decisions on prime rates and “other Fed moves.”

Cumberland analysts have previously said that the recovery of the market will be determined by the rate at which assets move from insolvent to solvent companies.





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Cryptocurrency

Is dogecoin a good investment? Elon Musk: Dogecoin is much faster than the Bitcoin network

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is dogecoin a good investment

Is dogecoin a good investment? The CEO of Tesla again spoke out in support of Dogecoin. He stressed that the “meme cryptocurrency” network can process significantly more transactions than the Bitcoin network.

During a conversation with a podcast host, the head of Tesla and SpaceX said that the popularization of DOGE is paying off. The coin is increasingly being used as a full-fledged means of payment. As you know, coins can be used to buy goods and pay for various services of several large companies. The most important advantage is the high speed of transactions. Usually it takes no more than a minute to process a transaction online.

“To be honest, I mostly support DOGE because this cryptocurrency has memes, dogs, the developers have a sense of humor, they don’t take the project too seriously. And with all that being said, it’s strange that though DOGE was invented just as a joke, the actual throughput of the Dogecoin network is much higher than Bitcoin blockchain,” said Tesla’s CEO.

Ilon Musk also reminded that Dogecoin’s inflation model allows it to issue 5 billion coins annually, while Bitcoin’s number is limited to 21 million. And this makes DOGE much more suitable for use as a payment currency.

Recall that Tesla sold most of its bitcoin holdings amid falling cryptocurrency markets.



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