The trading volume of Vela Token (VELA) is $9,925,980.75 in the last 24 hours, representing a 128.00% increase from one day ago and signalling a recent rise in market activity. The highest price paid for Vela Token (VELA) is $7.67 , which was recorded on Feb 20, 2023 (about 1 month). Comparatively, the current price is -25.00% lower than the all-time high price. The lowest price paid for Vela Token (VELA) is $2.21 , which was recorded on Feb 01, 2023 (about 2 months). Comparatively, the current price is 159.90% higher than the all-time low price. Market capitalization of Vela Token (VELA) is $47,326,180 and is ranked #453 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of VELA tokens (8.1 Million tokens are tradable on the market today). The fully diluted valuation (FDV) of Vela Token (VELA) is $290,545,229 . This is a statistical representation of the maximum market cap, assuming the maximum number of 50 Million VELA tokens are in circulation today. Depending on how the emission schedule of VELA tokens are designed, it might take multiple years before FDV is realized. The community is bullish as more than 85% of users are feeling good about Vela Token (VELA) today.
There are two schools of thought in determining the price of Vela Token.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Vela Token, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Vela Token from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Vela Token on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Vela Token as well.
HODLers tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Vela Token and the cryptocurrency market as a whole.
2. What is the highest price of Vela Token in history?
Vela Token achieved the all-time high of ฿262.54 in 2023-02-20, and is currently trading at ฿198.90.
3. What is the lowest price of Vela Token in history?
In 2023-02-01, Vela Token reached the all-time low of ฿75.65.
4. Should I buy Vela Token now?
It is important to remember that Vela Token, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.