Velo Crypto Price Prediction 2023-2030: Will Velo Crypto reach $1?
Latest Velo Price
Performance in the Last 12 Months
- Last 6 days: +7.9%, Underperformer*
- Last 1 Month: +239.6%, Outperformer
- Last 6 Months: +30.8%, Underperformer
- Last 1 Year: -77.2%, Underperformer
Velo Latest News
- Velo Protocol has announced the listing of its BEP-20 token in Bitget’s Innovation Zone program for Spot Trading.
- Velo Protocol will soon launch the USDV (its collateralised stablecoin), USDG ( a paper trading token) and NOVA (gas token).
Velo Price Prediction: Is Velo Crypto a Good Investment?
Team: Tridbodi Arunanondchai, Chatchaval Jiaravanon
Velo is developing a “Web3+” ecosystem that combines traditional finance infrastructure with Web3 technology to provide financial services. The ecosystem comprises three core aspects
- Applications: The Applications aspect provides key tools for businesses and accelerates their services to end-users in both traditional and Web 3.0 worlds
- Economics: The Economics aspect includes low fees, liquid capital, and limitless technology to increase money velocity
- Mobility: The Mobility aspect enables seamless movement of funds or assets, with deep liquidity and minimized barriers to entry.
Velo plans to address fundamental security and compliance matters by adopting a hybrid model that incorporates what works from Web2, to satisfy regulators while ensuring control is still in the user’s hands. Velo’s Web3+ product suite includes core platforms, namely
- FCX (Digital Asset Trading Platform) – FCX serves licensed financial institutions, money transfer operators, and FX traders and acts as a B2B anchor between financial networks.
- Quantum (Remittance Platform) – Quantum uses liquidity provided by Trusted Partners to serve money transfer operators (MTOs) for settlement and rate quotations to its customers.
- Universe (Trading Platform for individual traders) – Universe provides comparable key functionality and performance of a centralized exchange with a decentralized self-custodian wallet.
- Orbit (Mobile Payment Application) – Orbit is a mobile payment application that integrates with the current QR code payment system
Other services include
- Auxiliary services include the On/O-ramp Service, a mechanism to bridge fiat to the Web3+ ecosystem, and the Nova payment system, ensuring minimal costs to users.
The following are the use cases of the Velo tokens:
- Users can use their VELO tokens as collateral to receive digital credits.
- VELO token holders can participate in the governance of the platform via voting mechanisms.
- Users can make MTO settlements of funds through smart contracts by using VELO tokens.
As per the reports, the global decentralized finance market is expected to grow at a CAGR of 46% by the end of 2030.
Velo is playing in too many segments with wide range of competitors , we would say Velo is not a good case for Investment.
Velo Price Prediction
Before predicting whether the VELO coin is expected to go up or down in the coming future, let us first overview its price history for the past few months. Velo Coin’s performance in the past months can help us gain the required context for the future. Let’s discuss:
The all-time high value of VELO is $1.9 which it achieved in November 2020. Note that Velo Coin has lost 99.5% from its all-time high price, meaning that it has a huge scope for growth in the future.
Velo Price Prediction: Will Velo Reach $1?
VELO token needs to grow by 322 times from its current value to reach a price level of $1.
Furthermore, its all-time high price is $1.9 which it achieved in November 2020. Also, the VELO token’s price grew by around 2.75 times in just one month (i.e., from the lowest price of $0.69 in October 2020).
Thus, we can say that the Velo token will require at least 117 months (slightly less than 10 years) to reach 1 dollar.
However, it might take a little longer than expected depending upon the macro and micro economic factors of the market. Therefore, it is possible for the VELO token to reach $1, but not sooner.
Velo Price Prediction: Will Velo Reach $10?
To reach a price level of $10, the VELO token requires to grow by around 3,225 times.
Thus, considering its 2.75 times growth in one month (as discussed earlier), we can say that the VELO coin will need a minimum of 1,172 months (more than 97 years) to reach 10 dollars.
Firstly, it is not very practical for investors to wait for 97 years for the VELO token to reach $10. Secondly, it might take a long time depending upon the market conditions of economic factors.
Therefore, we cannot expect the VELO token to reach $10.
Velo Price Prediction 2023, 2025 And 2030
Velo Price Prediction 2023 is $0.00590
Velo Price Prediction 2025 is $0.00945
Velo Price Prediction 2030 is $0.0424
Also Read: NEAR Price Prediction
Velo Price Prediction Today
|1. Market's Wisdom||Neutral|
|1a. Market Data||Neutral|
|1b. Technical Recommendation||Neutral|
|2. Crowd's Wisdom||Partially Positive|
|2a. Social Media Buzz||Higher|
|2b. Social Media Sentiment||Neutral|
Where Can I Buy VELO Tokens?
Velo tokens can be purchased on numerous centralized and decentralized exchanges mentioned below:
Kucoin: Click here to invest in Velo now!
Coinspot: Click here to invest in Velo now!
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.