Back to main

Why Are South Asian-Based Cryptos Currently Capturing Traders’ Attention?

Why Are South Asian-Based Cryptos Currently Capturing Traders' Attention?

  • VELO has surged 113% in the past month.
  • UMA has garnered attention through its 50% gain.

VELO has emerged as a standout performer, reaching a nearly two-year high at $0.02861, marking a remarkable 13-month peak. Dubbed the “XRP of South East Asia,” VELO has been capturing the attention of crypto traders with its meteoric rise, surging by 113% in just a month.

With its current trading value standing at $0.02866, VELO has witnessed a 15% surge, coupled with a noteworthy 22% increase in trading volume. Despite its recent rally, VELO still sits 98% away from its all-time high (ATH), indicating substantial potential for further growth. Notably, the cryptocurrency has experienced significant gains of 115% over the past month and 55% in just one week.

VELO Price Chart, Source: TradingView

Market analysts are divided in their predictions, with some suggesting that bullish momentum could propel VELO to reach $0.029912, while others caution that bearish pressures might drive it down to $0.024355. Meanwhile, UMA, another cryptocurrency, has garnered increased interest following a notable 50% gain over the last 36 hours, further exemplifying the volatility and excitement within the crypto sphere.

As it continues to capture traders’ attention and demonstrate remarkable price movements, it remains to be seen how the market dynamics will unfold in the coming days amidst the ongoing crypto frenzy.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Read on TheNewsCrypto Investment Disclaimer