Velas crypto records ATH. VLX might hit $1 in no time. Velas (VLX), a digital asset that provides a scalable …Read More…

Velas crypto records ATH.
VLX might hit $1 in no time.

Velas (VLX), a digital asset that provides a scalable solution for dApps blows the crypto space when it smashes an all-time high in the past 24 hours. In detail, VLX successfully recorded a bullish price of $.57 per crypto with a 1-year growth rate of over +1580%. This aggressive movement of the crypto caught the attention of traders and investors around the world.

In terms of market status, the crypto positioned itself as one of the top one hundred cryptos in CoinMarketCap. Its huge market capitalization amounting to almost $1.2 billion contributed a lot to its current ranking in the space. In addition, VLX’s 24-hour trading volume amounts to more than $39 million. With this, we can say that VLX continues to have a big community in the space that supports it.

Source: TradingView

Based on the graph above, VLX maintains its place in an uptrend position. Also, the crypto is seen to be forming an ascending triangle, a bullish indicator. If this trend keeps on, VLX might be able to further raise its position above $.70 and even reach the skyrocketing price of $1 in no time. But of course, this VLX price forecast still depends on the market condition and the behavior of its investors in the network.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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