Why AI-powered blockchain Velas doing so well

Highlights

  • Velas (VLX) is a designated AI-powered Proof-of-Stake blockchain that operates by assisting other products to function.
  • In August, Velas blockchain had announced that it will launch a US $5 million funding program aimed to improve the Vela ecosystems presence.
  • According to CoinMarketCap, the VLX is trading at US $0.169820 with a 24-hour trading volume of US $89,56,438.

Velas (VLX) is a designated AI-powered Proof-of-Stake blockchain which operates by assisting other products to function. It is primarily designed to eliminate the scaling and usability issues that often come along with cryptocurrencies. Due to its simple protocol network, it provides a viable option for various transactions and payment. Besides, Velas is ideally designed to remove any issues related to scaling, which often acts as a barrier in cryptocurrencies.

In August, Velas blockchain announced that it will launch a US $5-million funding program aimed to improve the Vela ecosystem presence. The funding program is not only expected to support the growth of the Velas ecosystem, but also aimed to expand the reach in the new Web 3.0.

Earlier this month, Vela was doing extremely well in the crypto market, and had shot a 100% within a week. Users can trade Vela on HitBTC, Bitcoin.com Exchange, Changelly PRO, DigiFinex, and BW.com and take advantage of the bull run.

How does Velas work?

As Vela uses the Artificial Intuition Delegated Proof of Stake (AIDPOS) protocol, it helps the crypt to find perfect balance between artificial software, individual. Vela’s underlying technology helps to collect, identify, and assess patterns across all the data sets, thereby allowing the blockchain to operate in an ultra-efficient manner.

As it uses the AIDPOS, it can make adjustments without the need to reconfigure the output criteria in case the problem arises within the system. Velas blockchain can seamlessly manage about 30,000 transactions per second without having to compromise on the security.

How has Velas faring in the market?

Velas is governed by its native token VLX and is ranked 151 as per CoinMarketCap. According to CoinMarketCap, the VLX is trading at US $0.169820 with a 24-hour trading volume of US $89,56,438. At the time of writing (BST 10:30 am), CELO was up by 14.67% in the last 24 hours. VLX currently has a live market cap of US $ 36,07,62,645 and has a circulating supply of 2,12,43,80,663 VLX coins. 

For investors who are looking to invest in cryptocurrencies with good returns, VLX is definitely one of the must-haves in your portfolios. Market experts predict that VLX’s 5-year price prediction is expected to somewhere around US $194, thereby registering gains by +98.14%.

Conclusion 

VLX is a strong coin and with more cryptocurrencies opting to go the AI way, this could be solution to many investors who are looking for reliable and profitable returns. VLX has shown a bullish pattern of late indicate that there is equal number of buyers and sellers in the market, indicating the liquidity as well in the market. It’s a good token for investors who are looking to invest for short-term profits.

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