Technical Analysis

Velo Updates:

10th May 2024: Velo Labs announces the beta launch of Orbit application.

What is VELO

Velo Labs anticipates a day when enterprises will be able to transfer funds crossing borders without being stuck in the limitations of the existing financial systems. Velo presents the base of our vision implemented by the Stellar Consensus Protocol which will allow the issuance of digital credits by our partners directly via smart contracts. The digital credits, secured by collateral, represent all major fiat currencies, they can easily be converted one into the other around the globe, serving as an indisputable means of payment.

Understanding Velo Labs and about Velo Protocol

Velo Labs aims to drastically change the way financial interactions and transactions are conducted between businesses. Via the Velo protocol, companies can now use blockchain technology to speed up transactions and reduce their costs. Through collateral-backed digital credit issuing, Velo Protocol companies can use a variety of applications, all of which target maximizing efficiency and transparency in financial deals.

How to Buy Velo

Getting Velo tokens is generally a simple task for investors who want to join. These tokens are available from well-known crypto exchanges that strictly comply with regulatory requirements. Even though it is essential to choose a wallet that combines trustworthiness and reliability for the safekeeping of your Velo tokens, it is still vital to consider these aspects.

VELO tokens are available for trading on various reputable exchanges, including:

• KuCoin
• Bitfinex
• Bithumb
• OKEx
• MEXC
• Gate.io

Ensuring a list of various trading systems can only increase the attractiveness as well as the liquidity of VELO tokens which, in turn, will enable quick transactions for the investors.

Adding Velo to Metamask and Trust wallet

Adding VELO to Metamask/Trustwallet is a straightforward process. Follow these steps:

1. Open your Metamask/ Trust wallet and select the desired network.
2. Navigate to the cryptocurrencies section and scroll to the bottom.
3. Click on "Import tokens."
4. Copy the smart contract address for VELO from the list provided below.
5. Paste the smart contract address into the "Smart Contract Address" field.
6. Click the "Add Custom Token" button.

VELO is available on two blockchains. Here are the smart contract addresses for VELO:

Stellar: GDM4RQUQQUVSKQA7S6EM7XBZP3FCGH4Q7CL6TABQ7B2BEJ5ERARM2M5M

BNB Smart Chain: 0xf486ad071f3bee968384d2e39e2d8af0fcf6fd46

By following these steps, you can seamlessly add VELO to your Metamask/Trust wallet and begin transacting with ease.

Is Velo a Good Investment?

Given its strong underlying project and positive pricing trends, Velo is a good investment with the potential to provide big profits. Thanks to its solid foundation and good future, investors looking for growth prospects in the blockchain area will find Velo to be an intriguing alternative. Before making any investing choices in Velo, it is advisable to understand market trends and risk concerns.

Velo price prediction

Velo price prediction 2025:

The Velo price prediction for 2025 ranges between $0.02002 on the lower end and $0.099710 on the high end. If VELO reaches the upper price target, it could gain 390.21% compared to today's price.

Velo price prediction 2030:

Looking ahead to 2030, the Velo price prediction ranges between $0.040211 on the lower end and $0.094669 on the high end. If VELO reaches the upper price target by 2030, it could gain 325.79% from the current price of $0.02002.

Potential Highs and Lows of The Future 

Here are the official websites and links for Velo:

Website: velo.org

Twitter: twitter.com/veloprotocol