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VELO has emerged as the latest sensation in the crypto market, earning the moniker “the XRP of Southeast Asia.”
Over the past six weeks, this crypto has experienced a staggering 358% surge in value, capturing the attention of traders worldwide.
VELO Surged 358% in 6 Weeks
Velo Labs developed VELO, designed to enable digital credit issuance and borderless asset transfers for businesses. The protocol uses smart contracts to facilitate transactions. It provides a secure and transparent way to transfer value across borders.
Much like XRP, which aims to improve the efficiency of cross-border payments, it focuses on enhancing financial infrastructures and enabling seamless remittances. However, what sets VELO apart is its incorporation of smart contracts, a feature that the XRP blockchain currently lacks
These set of features have allowed VELO to reach a market bottom of $0.0088 within the last 30 days. The token is now up by a remarkable 225.51%. This significant positive gain over the last month contrasts with the current market situation. Indeed, most cryptos continue to shoulder double-digit percentage losses amid the latest bearish downturn.
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