A token whose value has increased by more than 350% in a few weeks is named

Editor’s note: not financial advice!

The VELO token has been in the spotlight of the crypto community: over the past 6 weeks, the asset price has shown an increase of 358%. The altcoin, which has been dubbed the «XRP of Southeast Asia,» maintains a positive trend despite the correction of the broader market.

Velo Labs is behind the development of VELO, which aims to provide digital lending and cross-border asset transfers for businesses. Like XRP, which aims to improve the efficiency of cross-border payments, VELO is focused on improving financial infrastructure and ensuring smooth transactions. However, unlike Ripple, VELO is based on smart contracts.

Several factors contributed to the growth of VELO’s popularity. One of the catalysts was the project’s strategic partnerships with iRemit, Visa, and Lightnet. These collaborations expanded VELO’s regional presence and demonstrated its potential to improve cross-border payments and digital finance solutions.

VELO’s price dynamics contrasts significantly with the current market situation: over the past month, the token has added 225.51%, while most cryptocurrencies have suffered double-digit losses amid the current correction.

«To be honest, I see only one direction in the coming weeks. In the worst case scenario, the $ 0.015 level should hold if there is a strong correction. But so far, VELO is showing strength,» said a member of the crypto community under the nickname CryptoAM17.