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  3. VELO
VELO logo

VELO Overview

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Intellectia
24H High
0.00355
24H Low
0.003455
24H Volume
34.67M
24H Volatility
2.75%
All Time High
1.933
All Time Low
0.001018
Correlation with BTC
0.62
Return On Investment
-93.02%
Market Cap
61.59M
Velo Labs is building a unique federated credit exchange network. This network is powered by the Velo Protocol, which is a blockchain financial protocol enabling digital credit issuance and borderless asset transfers for businesses using a smart contract system. The project's core mission is to enable partners to safely and securely transfer value between each other in a timely and transparent way. To do this, the Velo Protocol enables its partners to issue digital credits via a smart contract layer, using the Stellar Consensus Protocol to process and settle transactions. Within its ecosystem, the Velo Protocol enables multiple business use cases that are all based on its core function: issuing collateral-backed digital credits, which correspond to any fiat currency that can be used for frictionless value transfer.
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Official WebsiteBlock ExplorerWhitepaper

Social Media Sentiment

Bullish
Bullish
0 Bullish
0 Neutral
0 Bearish
The current sentiment of VELO on social media as of June 17, 2026 indicates a Bullish rating, with 0 users expressing a positive Bullish sentiment, 0 users opting for a Neutral, and 0 users suggesting a Bearish. This reflects a generally optimistic outlook among social media participants regarding VELO's future outlook. While social media sentiment can provide valuable insights into public perception and market trends, its reliability as a sole reference for cryptocurrency investment decisions is limited. The data is often influenced by a small, vocal subset of users, which may not represent the broader market or include professional analysis. Factors such as hype, manipulation, or coordinated campaigns can skew sentiment, reducing its accuracy.
The current sentiment of VELO on social media as of June 17, 2026 indicates a Bullish rating, with 0 users expressing a positive Bullish sentiment, 0 users opting for a Neutral, and 0 users suggesting a Bearish. This reflects a generally optimistic outlook among social media participants regarding VELO's future outlook. While social media sentiment can provide valuable insights into public perception and market trends, its reliability as a sole reference for cryptocurrency investment decisions is limited. The data is often influenced by a small, vocal subset of users, which may not represent the broader market or include professional analysis. Factors such as hype, manipulation, or coordinated campaigns can skew sentiment, reducing its accuracy.
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Social Media Posts

No social media posts available

Addresses Analysis

Holding Amount

Wallet addresses by amount held in USD

$0-$1K0.00%
$1K+0.00%
$1k-$100K+0.00%

Time Held

Traders are addresses that have been holding for less than one month; holders are addresses that have been holding for longer than one year.

Cruisers0.00%
Holders0.00%
Traders0.00%

Whale Holdings

Whales are wallet addresses holding over 1% of the circulating supply.

Others0.00%
Whales0.00%

Wallet addresses by amount held in USD

$0-$1K0.00%
$1K+0.00%
$1k-$100K+0.00%

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Whitepaper Summary

No overview available

News

Coinmarketcap
8.0
19:12 PMCoinmarketcap
Michael Saylor Critiques Illinois Digital Asset Tax Proposal
  • Tax Proposal Critique: Michael Saylor publicly labeled Illinois' Digital Asset Privilege Tax Act a 'big mistake' on social media, reflecting his strong disapproval of the state's regulatory tax policy, which could undermine investor confidence.
  • Tax Impact Analysis: The proposed bill would impose a state-level tax on digital asset transactions, potentially creating compliance burdens for crypto firms, which may lead them to consider relocating or limiting services in Illinois, adversely affecting the local economy.
  • Industry Pushback Trend: Saylor's criticism signifies a broader backlash from the crypto industry against state-level tax policies, particularly as the regulatory landscape for digital assets becomes increasingly complex, risking the loss of innovation.
  • Policy Impact Scope: The Illinois tax proposal could serve as a test case for legislation in other states, with Saylor's high-profile opposition likely to spark wider policy discussions that influence national regulatory trends for digital assets.
Coinmarketcap
8.0
19:12 PMCoinmarketcap
Illinois Advances Legislation for Cryptocurrency Taxation
  • Legislative Progress: Illinois Senate Bill 3019 is advancing, aiming to impose taxes on cryptocurrency transactions within the state, positioning Illinois as a more aggressive player in digital asset taxation, which could significantly impact compliance costs for investors and businesses.
  • Innovative Tax Mechanism: Unlike federal capital gains tax, this proposal focuses on the transactional layer, potentially capturing routine purchases and payments, meaning retail investors and merchants will need to track and report transactions, adding complexity to compliance.
  • Increased Compliance Burden: If enacted, the measure would require retail investors and businesses accepting Bitcoin to maintain new recordkeeping, tracking cost basis and market value for each transaction, which increases operational burdens, particularly for frequent traders.
  • Wider Industry Implications: This legislation could prompt other states to follow suit, reflecting state governments' concerns over untaxed assets while intensifying the crypto industry's fears of excessive taxation, potentially affecting overall industry growth and business location decisions.
Coinmarketcap
7.5
19:12 PMCoinmarketcap
Ethereum Open Interest Falls Below Monthly Average as Traders Turn Cautious
  • Open Interest Decline: Ethereum's open interest currently stands at approximately $5.54 billion, slightly below the 30-day average of $5.58 billion, indicating a more cautious approach among traders amid market uncertainty, which could impact future speculative activities.
  • Volume Reduction: Ethereum's daily trading volume has decreased by 32.3% to around $11.51 billion, suggesting a slowdown in speculative activity as traders prefer to reduce risk exposure while awaiting stronger market signals.
  • Cautious Market Sentiment: CryptoQuant's ETH Open Interest Z-Score is at -0.28, indicating that open interest remains below its recent monthly benchmark, although the decline has not yet reached levels associated with significant bearish sentiment, suggesting that the market is still actively observing.
  • Awaiting Market Catalysts: Traders are adopting a wait-and-see approach regarding potential catalysts such as increased ETF inflows, stronger spot market demand, or positive network developments, and if Ethereum continues to consolidate within its current range, derivatives activity may remain subdued in the near term.
Coinmarketcap
8.5
19:12 PMCoinmarketcap
Hyperscale Data Inc. Shares Surge 157% Amid AI Infrastructure Deal Talks
  • Stock Surge: Hyperscale Data Inc. (NYSE American: GPUS) shares have rallied over 157% in the past month, trading around $0.38, reflecting strong market confidence in its potential AI infrastructure deal.
  • AI Infrastructure Agreement: The company expects its wholly-owned subsidiary, Alliance Cloud Services LLC, to sign a master services agreement in the coming weeks to provide 20 megawatts of AI deployment services, projected to generate over $1 billion in revenue over 20 years.
  • Bitcoin Mining Transition: To accommodate AI workloads, Hyperscale Data plans to gradually wind down its Bitcoin mining operations at its Michigan campus, aligning with industry peers pivoting towards AI, indicating a strategic shift in focus.
  • Balance Sheet Status: As of June 14, the company held 713.5884 Bitcoin valued at approximately $46.9 million, with total cash and equivalents of $87.1 million, representing 73.34% of its market capitalization, highlighting its strong crypto foundation.

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Frequently Asked Questions

What is surpport and resistant level for VELO Crypto?

The S1 support level for VELO Crypto is $0.0033 ,The R1 resistant level for VELO Crypto is $0.00361.

What is the current price of VELO Crypto?

The price of VELO Crypto was $0.00346.

What is the market cap of VELO?

The market cap of VELO is $61.6M.