Velas Price Prediction- Will VLX’s Price Hit $0.55 in 2022?

Velas is a Delegated Proof-of-Stake (DPoS) consensus project. It was founded in 2019 by Alex Alexandrov. It is one of the fastest blockchains presently due to its capacity to conduct 75,000 transactions per second (TPS). Velas (VLX) bullish price prediction for 2022 is between $0.30 and $0.55 Velas bearish price prediction for 2022 is $0.12 Examined technical analysis on Velas price is bullish for 2022. Transactions within the Velas (VLX) network is very low when compared to other blockchains like Ethereum and Bitcoin. Velas is Ethereum Virtual Machine (EVM) enabled. This gives it the capacity to allow decentralized applications to be built on it. Present and Past Status of Velas (VLX) In the last 24 hours, the price of Velas (VLX) has increased by 31.55%. The current price of Velas at the time of writing is $0.2003. This is due to the increase in VLX trading volume from $11,718,111 on April 28th to $20,046,859 presently. This represents 154.69% in the past 24 hours. Within seven days, the price of Velas (VLX) opened at a price of $0.1811 on April 23rd and is presently trading at $0.2003. This represents 10.6% increase. This is due to the increase in VLX trading volume from $7,871,159 on April 23rd to $20,046,859 presently. This represents 154.69% in the last 7 days. Comparison of Velas with Bitcoin Source: https://www.tradingview.com/x/CtdJxbyB/ From the chart above, we can observe that Velax (VLX) has gained in recent days w...