Why is VVS Finance surging today?

Highlights 

  • VVS Finance is a cross chain decentralised finance (DeFi) platform, using automated market-maker (AMM). 
  • According to CoinMarketCap, on Wednesday, 24 November, VVS coin was up by 12.50%, with a volume gain by 7.70% at the time of writing (BST 6:00 am)

VVS Finance is a cross chain decentralised finance (DeFi) platform, using automated market-maker (AMM). It provides a platform for everyone to swap and earn yields at low transaction fees and low slippage rates. Operated on the Cronos blockchain, the VVS Finance powers its ecosystem. As its completely decentralised in nature, there are no middlemen involved which are present with traditional centralised exchanges.

On 23 November, following its listing on Crypto.com the VVS Finance has seen a rally both from the price as well as volume perspective. With the latest listing on Crypto.com, the users can purchase VVS in USD, EUR and 20+ fiat currencies. Crypto.com, which happens to be one of the popular crypto exchanges, is accepted globally at various retail stores using the Crypto.com Visa Card. On Wednesday, 24 November, VVS coin was up by 12.50%, with a volume gain by 7.70% at the time of writing (BST 6:00 am). 

Also read: JASMYCoin gains volume following Binance listing

How VVS Finance is unique?

Launched earlier this year, VVS comes with a host of unique features. The users can swap tokens across several liquidity pools to enhance the efficiency by paying fee of 0.3% at the time of launch. This helps the token to achieve better prices for the pairs. Besides, the liquidity providers are aptly rewarded in the form of CRC-20 pool token, showcasing their ownership of the assets.

The users also get the passive income as they can stake the coins and through farm yields. The tokenomics is designed in such a way that they generate incentives on a long-term basis. The users can maximise their returns through staking on the crystal farms, which consists of diamonds and crystals and earn rewards every few seconds.

Also read: Is it the right time to invest in an IRIS crypto?

How is VVS Finance token faring?

VVS Finance is governed by its native token VVS, and it is ranked 2756 on CoinMarketCap. According to CoinMarketCap, the VVS was trading at US $0.000130 with a 24-hour trading volume of US$ $19,019,026. VVS token has a fully diluted market cap of US $6,502,902 with maximum supply of 50,000,000,000 VVS coins. 

Experts believe that VVS Finance has the potential to grow further in 2022. With it being listed on major exchanges such as Crypto.com, Binance, Coinbase etc, it should be able to reach out to larger section of the crypto fanatics. If the rally continues, we could see VVS reach a maximum of US$0.00019051 in 2022. But it won’t be a surprise if we see investors adopting a wait-and-watch approach till 2022 before betting big on the token.

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