Velo Coin has been on a downward trend since 2021 September. However, the alt finally turned the table, noting substantial surges. It is among the altcoins surging currently as the overall market witnessed a crash that left Bitcoin struggling under $35,000 and Ethereum exploring levels around $2,400.
Such an environment had VELO on demand among crypto investors. For that reason, we created this content to aid interested individuals on places to purchase Velo Coin. Let us dig deep.
Where to Purchase VELO?
Bitfinex is a BTC trading site that offers top-notch services for liquidity providers and digital investors. The platform ensures a beginner-friendly investment atmosphere. You can use Bitfinex to purchase multiple digital tokens, including VELO.
KuCoin is a renowned crypto exchange globally. The trading platform offers digital services for many cryptos in the financial space. Moreover, KuCoin attracted more than 5 million users from over 200 regions worldwide. You can use this exchange to buy Velo Coin seamlessly.
What is VELO?
VELO is native crypto by the Velo network. Meanwhile, Velo protocol is a credit network that provides collateral-supported digital credits. That way, the protocol supports cross-border asset transfers with the ‘smart’ contract system. Moreover, the Velo platform utilizes Stellar Consensus Protocol in transaction validation.
Should You Buy VELO Today?
Velo Coin (VELO) might be a lucrative investment with its current price trend. Do you want a token with massive surges recently? You may consider the alt. However, beware that the crypto market is highly volatile.
VELO Price Forecast
For now, analysts use the latest price actions to predict continued upsurges for the altcoin. Keeping the trend may see VELO exploring higher levels before January end. All eyes see the $0.1 target. Moreover, analysts think the coin will hit the bullish target if it keeps its current momentum.
Though the altcoin seems to decouple from the broad market bearish trend, it might face challenges keeping the momentum in the long term. Moreover, pundits believe bears will dominate the crypto space in the near term. It may be captivating to see the asset’s upcoming reactions. Stay around for more updates.