This probably happened after a post by popular investor, mentor, and analyst ElonTrades, who predicted x100 growth for the asset in the long term.Ī blockchain infrastructure company focused on building a suite of DeFi products and remittence services. On February 23, VELO got into Google Trends, which was also the reason for the growth. We reported on the reasons for the latter rally here. The Fed’s announcement of a rate rise (from 4,5% to 4,75%), as well as the sudden rise in Bitcoin, which pulled the whole market, could also have influenced the growth. The next rally started only in February, which is most probably due to the fact that the company renewed its website and updated its whitepaper. ģ new listings on top global exchanges, including, Huobi, and PolinieX.Īfter the listing, the asset grew at once by 171,22%, from $0.001077 to $0.002921, but VELO finished January at $0.002571 (138,72%). The main reason was the listing on three exchanges at once: Huobi, , and PolinieX. , VELO began to become stronger at the end of 2022. Unlike most cryptocurrencies, which began to grow only in early 2023 due to an improved economic situation in the U.S. Partnerships with all the major Asian banks and Visa. Online traders are calling VELO “The Asian XRP,” which was also created to become “the most practical cryptocurrency for application across the financial service space.” The company itself calls its coin a “digital asset for global economic utility.” The coin’s utility stems from its dual function as both collateral and an entry requirement into the Velo ecosystem. It is designed to transfer value over the Velo network and ensure stable settlement. With #Universe #Nova, & #Orbit releases coming soon, we’re excited to launch into 2023!□ #velo #velolabs #web3plus #fcx #quantum #warp We’re inspired by the growing support from the community in response to our strong focus on fundamentals! For token issuers.Will be launched in 2023. An affordable universal blockchain network. Offer lower fees, faster transactions, and broader coverage to end users. Allows end users of each partner firm to access the benefits and services of other partner firms that are part of the Velo Network. The team achieves their goal with the following features and sub-projects: The mission of the company is to connect businesses and individuals with a global pool of funds to supercharge the velocity of money through seamless financial services powered by their Web3 ecosystem. He is also the founder of Aeon Thana Shsap, Thailand’s largest consumer finance company,and the owner of Fortune Magazine in the United StatesĪccording to the official site, he manages Velo with vice chairman Tridbodi Arunanondchai and CEO Mike Cowans. The project was launched in September 2020 and founded by Chatchaval Jiravanon, who is still chairman of the company. Velo is a next-generation financial protocol for business. What is thconnection, why is the token growing, and what are its prospects? We discuss these questions below. A year ago, the company announced a partnership with Visa, after which internet users started comparing VELO with another financial asset, XRP. Velo Labs Technology’s native token soared 71,19% - from 0.008447 to $0.01446 - and keeps on rising.
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