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VELO Token Skyrockets 358%, Dubbed ‘XRP of Southeast Asia’

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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 5/10/2024

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