Velo Price Prediction 2025: VELO Price Gains Expected, but Dont Expect All-Time Highs

Key Takeaways

• Velo’s VELO token debuted on the market in 2018.
• Velo dropped over the course of the last month or so but has risen again in recent days.
• Our price prediction says it could reach $0.05 next year.

Investors are turning their backs on Velo’s VELO, a token that has been around for almost four years now but whose price has dropped notably since its launch.

The coin is far from its 2021 all-time high, but is a recent upturn a sign of better things to come?

It was worth $0.014 on Oct. 10, 2024.

Let’s take a look at our Velo price prediction. We will also examine its history and talk a little about what Velo is and what it does. 

Velo Price Prediction

Let’s examine some of the Velo price predictions made by CCN on Oct. 10, 2024. It is crucial to remember that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate.

Velo Price Prediction 2024

In 2024, the minimum prediction of $0.002 reflects the possibility of continued bearish sentiment if negative trends persist. The average price of $0.012 suggests stability as VELO establishes higher lows, indicating a gradual recovery. The maximum estimate of $0.03 signals optimism about revisiting previous highs, driven by positive market developments.

Velo Price Prediction 2025 

For 2025, the minimum price of $0.01 indicates potential volatility but expected growth from 2024’s average. The average prediction of $0.02 shows moderate increases, assuming VELO builds on prior gains and market momentum. The maximum estimate of $0.05 represents an optimistic scenario where VELO could achieve significant adoption and trading volume.

Velo Price Prediction 2030

By 2030, the minimum price of $0.020 suggests stabilization around support levels, establishing VELO as a reliable long-term asset. The average prediction of $0.100 reflects potential growth driven by wider acceptance and increased utility. The maximum estimate of $0.200 embodies an optimistic outlook, envisioning VELO as a leading player in the cryptocurrency space.

Velo Price Analysis

In March 2021, VELO reached an all-time high but entered a bear market, hitting a low in December 2022.

It then rebounded by more than 1,300%, peaking at $0.014 by February 2023 before establishing a higher low of $0.017 in August 2023, signaling a potential bullish transition.

VELO’s uptrend continued, reaching nearly $0.03 on May 10, but subsequently declined 75% to a low of $0.0072 on July 8.

After bouncing back and forming a double bottom, VELO rose to $0.02 on September 25, recovering 176%, but still remained below May’s high and experienced a 38% pullback, hitting a low of $0.012 at the 0.618 Fibonacci retracement level.

Short-term Velo Price Prediction

The 0.618 Fibonacci level is crucial, acting as a pivot point. If VELO continues to decline, a bearish scenario may prevail.

However, stronger upward momentum could lead it toward its yearly high. The previous downtrend from May formed a five-wave pattern, insufficient to conclude the correction phase.

The recent rise appears to follow a three-wave structure, indicating a potential B wave of a larger ABC correction. This suggests that the ongoing decline may be a developing C wave that could drop to around $0.002.

Currently, VELO is up 14%, presenting a bullish outlook. Its rise since July 8 could represent a five-wave impulse, with potential for another upward move to revisit the yearly high of $0.03. The 0.618 Fibonacci level is critical because, according to Elliott Wave theory, if the price moves into the territory of wave one during wave four, the bullish scenario will be invalidated.

Overall, the Velo price prediction for the next 24 hours depends on whether or not VELO will continue to fall. 

Velo Average True Range (ATR): VELO Volatility

The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days.

A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility.

Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels. On Oct. 10, 2024, Velo’s ATR was 0.0002, suggesting relatively low volatility.

Velo Relative Strength Index (RSI): Is VELO Overbought or Oversold?

The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold.

Movements above 70 and below 30 show over and undervaluation, respectively. Movements above and below the 50 line also indicate if the trend is bullish or bearish.

On Oct. 10, 2024, the Velo RSI was at 61, indicating bullish conditions.

Velo Price Performance Comparisons

Best Days and Months to Buy Velo

We took a look at the Velo price history and found the best times to buy VELO.

Velo Price History

Let’s examine some key dates in the Velo price history. Although past performance is never an indicator of future results, knowing what the crypto has done in the past can help give us context when making or interpreting a VELO price prediction.

Velo Market Cap

The market capitalization, or market cap, is the sum of the total number of BTC in circulation multiplied by its price. On Oct. 10, 2024, Velo’s market cap was $101.5 million, making it the 340th-largest crypto by that metric. 

Who Owns the Most Velo (VELO) Tokens?

On Oct. 10, 2024, one wallet held nearly 35% of VELO’s supply.

Richest VELO Wallet Addresses

As of Oct. 10, 2024, the five wallets with the most Velo  tokens were

• 0xeb5c4ecbbe18972a3fdcf3c5c23040b1fac14efd. This wallet held 10,230,005,450 VELO, or 34.1% of the supply.
• 0x0e109cd6f66708d67635aa819e30129323bc6e6e. This wallet held 8,716,691,834 VELO, or 29.06% of the supply.
• 0x000000000000000000000000000000000000dead. This wallet held 6,000,001,053 VELO, or 20% of the supply.
• 0x7dd617eacd7fd35f69275f943ff82218213796b7. This wallet held 1,211,000,000 VELO, or 4.04% of the supply.
• 0xe99e5d7263df4104b1146f9f954788f176b466d7. This wallet held 539,999,974 VELO, or 1.8% of the supply.

Velo Supply and Distribution

From the Velo Whitepaper

In its technical documentation or whitepaper , Velo says it “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.”

What Is Velo?

Velo Labs pioneers a federated credit exchange network propelled by the Velo Protocol. This blockchain financial protocol promises seamless digital credit issuance and cross-border asset transfers for enterprises through an intelligent contract framework. At its heart, the project is dedicated to facilitating partners’ secure and efficient value transfers with transparency as a cornerstone principle.
Using the Stellar Consensus Protocol, the Velo Protocol enables partners to issue digital credits via smart contracts, ensuring swift transaction processing and settlement. Within its ecosystem, the Velo Protocol unlocks a myriad of business applications centered around its core capability: issuing collateral-backed digital credits representing various fiat currencies, thus facilitating frictionless value exchange.

How Velo Works

VELO tokens are utility tokens designed to transfer value on the Velo network and ensure stable settlement. The VELO token’s utility lies in its double feature as both collateral and as an entrance requirement to the Velo Ecosystem.

Is Velo a Good Investment?

It is hard to say. The coin has been around for about four years now, and despite rapid growth after its launch, its price has decreased notably since then. The negative trend is still lasting, with no bullish sign on the horizon.

As always with crypto, you should do your own research before deciding whether or not to invest in Velo.

Will Velo go up or down?

No one can really tell right now. While the Velo crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can and do go down and up. 

Should I invest in Velo?

Before you decide whether or not to invest in Velo, you will have to do your own research, not only on VELO but on other related coins and tokens such as Ethereum (ETH) and Solana (SOL). Either way, you must also ensure you never invest more money than you can afford to lose.

Read More: Polkadot Price Prediction 2025: DOT Price Analysis Remains Choppy

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About the Author

Giuseppe Ciccomascolo

Giuseppe Ciccomascolo began his career as an investigative journalist in Italy, where he contributed to both local and national newspapers, focusing on various financial sectors. Upon relocating to London, he worked as an analyst for Fitch's CapitalStructure and later as a Senior Reporter for Alliance News. In 2017, Giuseppe transitioned to covering cryptocurrency-related news, producing documentaries and articles on Bitcoin and other emerging digital currencies. He also played a pivotal role in establishing the academy for a cryptocurrency exchange website. Crypto remained his primary area of interest throughout his tenure as a writer for ThirdFloor.

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