Velas (VLX) Price Prediction – 2023, 2025, 2030
Velas (VLX) Overview
|💱 Ticker Symbol||VLX|
|💸 Market Cap||$68,053,131|
|🚀 Trading Volume||$1,639,434|
|📈 Price Change (24h)||7.48%|
|💰 Current Supply||2,407,157,401|
- Bullish Velas (VLX) price predictions range between $0.12722 and $0.240305 by 2030.
- Market analysts believe VLX could reach $0.098949 by 2025.
- Bearish Velas market price prediction for 2023 is $0.022617.
Velas (VLX) Introduction
The operation of the blockchain network is becoming a huge task for many firms as they discover better ways to work on scalability factors. This has led to the massive innovation and revolution of consensus mechanisms from the original chains, thereby modifying the pre-existing networks to cut the cost of transactions and energy consumption. This was the concept that led to the modification of the Proof-of-Stake algorithm to Delegated Proof-of-Stake (DPoS), on which many protocols like the Velas (VLX) network were built.
Velas (VLX) network was created in 2020 to offset the scalability issues on the protocol by enabling an open source, transparent, and fully decentralized blockchain that leverages the benefits of the Ethereum virtual machine to perform its transactions. VLX performs data and payment transactions at a fast rate of over 75000 transactions per second (TPS) because of its unique EBPF hybrid blockchain consensus that allows the fast verification of transactions within 1.2 seconds. With the benefits that the network provides to the overall cryptocurrency market, the protocol has seen a parabolic growth in its market capitalization, circulating supply, and the number of users since its launch in 2020.
However, from the official website content of Velas Network, it can be seen that the network is still actively growing and expanding to more networks within the crypto market. But, in the long term, what is the maximum future price expected? Is VLX a good investment for a profitable portfolio? What is the estimated average trading price, minimum price value, and maximum price level of Velas (VLX) in the times ahead? In this guide, we present an overview of the Velas (VLX) ecosystem, historical data of the VLX price action, and a detailed price forecast of the token with maximum research and advanced technical analysis indicators like moving averages and neutral momentum indicators.
What Is Velas (VLX)?
Velas is an EVM-powered blockchain with the fastest rate of processing transactions, at a little cost with maximum on-chain security. It’s an open-source protocol designed to ease user experience with decentralized products and applications built on the chain that supports the interoperability of networks. The protocol is innovative because of core features like Ethereum Virtual Machine (EVM), Velas Vault, Micro apps, and Velas wallets that add to its efficient performance. The features contribute to the network by supporting all smart contracts and Decentralized Apps built on the ERC-20 platform, ensuring the instant verification of transactions at a low rate, and providing a trustless solution that supports the interaction of the Decentralized Applications with the users at an effective date while maintaining the user’s privacy and anonymity, and enabling a permissionless access management system with InterPlanetary File Systems (IPFS) that allows users to store and share data using a multi-encryption option.
The Velas native and governance token, VLX, is used in settling transaction charges and also in upholding the Proof-of-Stake consensus mechanism. It’s also used in staking on the protocol by block validators and delegators who provide transaction consensus while being incentivized to block production. The token can be secured on the Velas wallet, which can support various currencies and has staking functionality. The Velas protocol is regarded as a high transmission blockchain with a revolutionized time infrastructure, a more modified and effective consensus algorithm, and a high-performance transaction mechanism compared to the other form of cryptocurrencies.
The Velas blockchain is a multi-chain of Solana and Ethereum networks, giving it an integrated hybrid extended Berkeley Packet Filter (eBPF) and Ethereum Virtual Machine (EVM) scalability, support, and security. The Velas Vault is a feature on the network for storing private keys, and confidential data and the cross-chain DApps called MicroApps store codes on its user interface. Another network feature is the BigOrbit, a decentralized social media network for content creators and developers to create, curate, and monetize their projects without an intermediary. It has a simple user interface for chats and content storage, presenting a beginner-friendly layout.
Velas (VLX) Fundamental Analysis
Velas (VLX) was founded in 2019 by an experienced blockchain entrepreneur and developer, Alex Alexandrov, in Switzerland. He’s a consultant in the cybersecurity and Al forensics sector to many significant security firms like the FBI.
The maximum supply of VLX tokens is over 2 Million with a fixed 8% inflation rate. The network occasionally incentivizes the users, which adds to investors’ active participation in the protocol and increases the circulating supply of the token.
One of the biggest issues in the blockchain section is scalability and with the increase in transactions on the network, a need to implement more chains that can offer better transactions increase led to the creation of a project like Velas network. Velas was able to perform up to 75,000 transactions per millisecond and this attracted a lot of developers to its chain to build more Decentralized Applications. The Velas smart contract allows quick payment validation at a low cost because buyers can build Applications, implement dApps from the EVM system, handle a validator node, run an exchange, and contribute to the platform by collaborating with other platforms to enhance growth in the ecosystem. The platform encourages active participation among users by integrating a wide range of products and services like BigOrbit, VelasPad, and Velas wallet. The security of a generic Velas account is authenticated through the users’ biometrics for both login requests and payment transactions.
Velas (VLX) Current Price
Velas is currently worth $0.028271 USD. VLX has moved 7.48% in the last 24 hours with a trading volume of $1,639,434. Velas is currently ranked 351 amongst all cryptocurrencies with a market capitalization of $68,053,131 USD.
Utilizing the relative strength index (RSI), moving weighted average (MWA), williams fractal (fractal) and moving average convergence divergence (MACD) from the chart above, we can determine price patterns for Velas (VLX) to decide wether it is going to have a bullish or bearish year.
Velas Price (VLX) Predictions
Every good cryptocurrency project has a unique value that places it at a different segment from other tokens, adding to its advantage in the global network. But with the volatility in VLX price since its launch, investors are interested in its future price potential. What will be the average forecast price and minimum value of VLX by 2025? Will it be a good investment for a good portfolio? We provided all that information here.
|Year||Minimum Price||Average Price||Maximum Price|
Our price prediction forecasts use real-time Velas (VLX) market data and all data is updated live on our website. This allows us to provide dynamic price predictions based on current market activity.
Velas (VLX) Price Prediction 2023
Velas, according to some, is one of the most amazing cryptocurrencies to rise this year (VLX). The VLX price forecast for 2023 anticipates a significant increase in the year’s second half, possibly reaching $0.042407.
As with other cryptocurrencies, the rise will be gradual, but no considerable drops are expected. Averaging $0.03958 in price is quite ambitious, but it is feasible in the near future given anticipated collaborations and advancements. VLX is expected to have a minimum value of $0.033925.
Velas (VLX) Price Prediction 2024
In 2024, Velas VLX price prediction has much room for expansion. As a result of the potential announcements of numerous new partnerships and initiatives, we anticipate that the price of VLX will soon surpass $0.070678. However, we should wait to see if the VLX’s relative strength index comes out of the oversold zone before placing any bullish bets.
Considering the market volatility, VLX will trade with a minimum trading price of $0.056542 and an average trading price of $0.062197.
Velas (VLX) Price Prediction 2025
If the upward trend continues until 2025, it could reach $0.098949 and VLX may profit. If the market experiences a decline, the goal may not be met. VLX is expected to trade at an average price of $0.090468 and a low of $0.084813 in 2025.
Velas (VLX) Price Prediction 2026
If Velas successfully boosts market sentiment among cryptocurrency enthusiasts, the VLX coin price could remain stable for the next five years.
According to our projections, VLX will be green in 2026. The VLX is expected to reach and surpass its all-time high in 2026. In 2026, the virtual currency will be worth $0.12722, with a minimum price of $0.113085 and an average price of $0.118739.
Velas (VLX) Price Prediction 2027
After some extensive forecasting and technical analysis, we estimate the VLX price is expected to cross an average price level of $0.14701 by 2027, with a minimum price of $0.141356 expected before the end of the year. Furthermore, VLX has a maximum price value of $0.155491.
Velas (VLX) Price Prediction 2028
Due to the future partnerships that are expected to happen by 2028, we are expecting that a bullish trend will continue, bringing the average price to around $0.175281. If VLX manages to break the resistant level in 2028, we could see a maximum price of $0.183763, failing to gather the support VLX needs by 2028 could result in a low of $0.169627.
Velas (VLX) Price Prediction 2029
While VLX is striving towards interoperability between networks to hasten interaction, the bullish trend from the previous year is expected to continue. So the minimum trade price has been placed at $0.197898 and a yearly price close above $0.212034 in 2029.
Velas (VLX) Price Prediction 2030
By 2030, Velas will finally surpass its previous ATH values and record new price levels. The minimum price could be $0.226169 and potentially reach a maximum price value of $0.240305, averaging out at $0.231824.
Velas (VLX) Price Prediction 2031
The cryptocurrency market is known to be highly volatile which is one of the many reasons why price forecasting is a difficult task. BitcoinWisdom tries our best to forecast future price points with precision, however all predictions should not be taken as financial advice and you should DYOR (do your own research). In 2031, we are expecting cryptocurrency to have gained adoption across many sectors. As such, the maximum VLX price in 2031 is projected to be $0.277057 in the event of a bull run, with an average price level of $0.265749.
The global cryptocurrency market is projected to be entering a new era as more adoptions of significant firms, partnerships with other networks, and extensive development happen, but government regulations are also expected. This might lead to some uncertainties in the price predictions. But our website is always updated to give current market statistics. However. a market participant is expected to do their research before investing in any project.
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What is the Velas (VLX) price today?
Today, Velas (VLX) is trading at $0.028271 with a total market capitalization of $68,053,131.
Is Velas a good investment?
Velas proved to be one of the most talked about coins in the crypto space this past year. With this in mind, it is wise to say that VLX is a good choice of investment.
How high can Velas go?
The average price of Velas (VLX) can possibly reach $0.03958 this year. Over the next 5 years, it is projected that Velas may surpass $0.183763.
How much will Velas be worth in 5 years?
Based on the rising popularity of cryptocurrency and Velas, a long term investment in VLX could see the price rise to $0.183763 within the next 5 years.
How much will Velas be worth in 10 years?
If you invest in Velas today, as with any investment, a long term increase is expected. The price of VLX could possibly rise to $0.359044 within the next 10 years.
What will the Velas price be in 2024?
Velas (VLX) price is expected to reach $0.070678 by 2024.
What will the Velas price be in 2025?
Velas (VLX) price is expected to reach $0.098949 by 2025.
What will the Velas price be in 2026?
Velas (VLX) price is expected to reach $0.12722 by 2026.
What will the Velas price be in 2027?
Velas (VLX) price is expected to reach $0.155491 by 2027.
What will the Velas price be in 2028?
Velas (VLX) price is expected to reach $0.183763 by 2028.
What will the Velas price be in 2029?
Velas (VLX) price is expected to reach $0.212034 by 2029.
What will the Velas price be in 2030?
Velas (VLX) price is expected to reach $0.240305 by 2030.
What will the Velas price be in 2031?
Velas (VLX) price is expected to reach $0.277057 by 2031.