The cryptocurrency and blockchain ecosystems continue to create new and innovative concepts. Just when it appeared that Bitcoin’s ascension to all-time peaks had reached a significant hurdle, it amazed everyone once again overnight.
Bulls seemed to have no time for BTC price weakening after dropping $60,000 late Sunday, and they went on a furious purchasing frenzy before BTC/USD even hit $59,000. Hours later, the duo was back beyond not only $60,000, but now $66,500 as well – and it has remained there as of this writing.
The incident had no effect on Bitcoin’s recent weekly closing, which notwithstanding fluctuations remained the largest of all time – over $61,500. “The historic Weekly Close currently indicates BTC is well-positioned for further upside,” said investor and analyst Rekt Capital on Monday.
Just like BTC, Velas is a blockchain that has surprised many people and will seemingly continue to do so for the foreseeable future. Dozens of projects are launching on this ecosystem that takes elements of Solana and refines and improves them further.
The Astronomic Rise Of Velas
The bitcoin and blockchain communities are always producing new and innovative ideas. Velas is a blockchain that has astonished the masses with no plans of slowing down. Dozens of applications are debuting on this ecosystem that refine and enhance the lesser components of Solana.
Forking the Solana code may not always result in a thriving ecosystem. The Velas team, on the other hand, has effectively made a significant impact by making numerous major enhancements to the source program. It is referred to as “Solana V2”, due to its revolutionary transaction throughput of up to 75,000 operations per second. More significantly, transactions are instant and have extremely low costs, greatly increasing the network’s performance.
Because Velas is also fully EVM-compatible and preserves indigenous Solidity support, developers may easily port projects – or make them cross-chain. With a few keystrokes, smart contracts created on Ethereum can be transferred to Velas, providing a much-needed alternative for DeFi, DApps, and even NFTs. Although the Ethereum network is not the ideal solution for future durability, Velas ticks the necessary boxes in which the Ethereum chain lacks.
At this preliminary phase, any self-respecting blockchain or cryptocurrency enthusiast should join in on the Velas action. This can be accomplished by purchasing the original blockchain asset or investing in its fast-expanding ecosystem. Since then, the cryptocurrency has risen to the top 250 coins, breaking a $320 million market valuation.
The ecosystem is still in the initial stages of accepting future programs, implying that the VLX price could rise significantly. The all-time high of $0.208 may be nothing more than a launching pad for this ecosystem, similar to Bitcoin at $100 or Ethereum at $8.
Why Velas Will Keep Gaining Momentum
Many recent advancements have increased the value of the Velas ecosystem. The first is the Velas Grant Program, which began with a $5 million budget. Within months, the group increased it to $100 million in order to attract additional programmers, users, and new ideas, as well as in reaction to enormous interest in the first $5 million awards.
The launch of VelasPad, the native launchpad for all Velas projects, is the second development. It gives financial and legal assistance, coding, marketing, and other areas to ensure that initiatives reach their full potential. VelasPad is backed by the Bluezilla Group, which is also behind ETHPad, TronPad, BSCPad, and other successful projects. VLXPAD, VelasPad’s native currency, has a 149.21x ROI, suggesting a broad desire for access to this ecosystem’s continued development.
Velas’ pace does not stop there, as WagyuSwap is the next much-awaited product to launch. WagyuSwap will be the world’s best and cheapest decentralized exchange due to the use of the Velas technology stack.
The DEX will also include cheap costs, cross-chain interoperability, high APY staking, aggressive yield cultivation, and a lottery method to reward long-term WagyuSwap users. During the public sale, WagyuSwap’s indigenous token was sold for $0.005. It is currently trading for $0.282, providing investors with a significant return on the investment by keeping the token. WagyuSwap’s technology offers numerous potential benefits, including compatibility for Ethereum Virtual Machine Tokens.
It’s a fascinating notion that will spur further blockchain innovation and provide a plausible migration path for programmers who don’t want to cope with Ethereum’s technical limits and hefty network expenses.
Because WagyuSwap is a decentralized marketplace, it can provide an avenue for up-and-coming projects to facilitate trade for their native tokens. One such project to keep an eye on is BitOrbit, which will structure its IDO using VelasPad and then list the native token on WagyuSwap. That procedure exemplifies how much potential Velas and its indigenous applications have, which would be impossible on some other blockchains.
BitOrbit Revolutionizes Content Monetization
The BitOrbit initiative, backed by Velas technology, takes an innovative approach to monetize users’ contributions across social media platforms. Rather than allowing followers to “leech” off your creations, you may now ask them to support you. BitOrbit is a trustworthy, private blockchain-based platform with a primary focus on content distribution.
Influencers ought to be able to produce more cash from their work without trying to jump through unnecessary hoops. An influencer can preserve their privacy while also eliminating intermediaries with BitOrbit. The platform will entice users to pay for the exclusive material provided by the influencer by adding a connection to existing social media. A unique technique with enormous potential underlines the advantage of Velas’ high throughput at low cost.
The key point to remember is that BitOrbit is the first application to fully utilize the Velas ecosystem. It uses blockchain technology and native features to create a new platform for asset monetization. The IDO takes place on the native Velas launchpad. The currency will be traded on WagyuSwap, the world’s fastest DEX ever developed.
All of this demonstrates Velas’ promise and how underappreciated the ecosystem is currently. It takes the best parts of Solana and fixes its flaws to produce an immensely engaging solution for users and developers alike. It is a better version of Solana due to its high TPS, future-scaling methodology, AI usage, and continuing advancements. However, Velas has a market capitalization of $322 million, but Solana is worth $48 billion.
Now is a fantastic decision to spend on the next-generation blockchain, which will be much more profitable in the future. There is no justification not to purchase VLX now or to invest in the Velas ecosystem through VelasPad, BitOrbit, WagyuSwap, or any other of the 40 businesses that will launch on this platform in the coming months!
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