Velodrome Finance: The Hidden Gem! | VELO Coin Price Prediction #Finance

hi guys welcome back to another V drums update it’s been a while since I have covered this coin and it is actually outperforming the market so I thought I should cover it again and why it is actually going up so first of all they have had a lot of updates will come to those update

later so as of now let’s look at the overall Crypto market and what is happening as of now so if you go to the overall stat as you can see here fair and greed index is at 79 that means

uh retail investors are getting slightly unfair and they are selling some of their coins and if you look at Al season uh we are actually in Al season Zone and the bit Bitcoin dominancy is going down so I think that’s overall pretty good but if you look here overall market cap is going down so

uh is that any good or not so let’s look at overall total market cap so this is a market cap and we are about to retest a very crucial level so this level uh which you can see here this white line which is basically uh the retest or the retest of the previous Bull Run so uh this is actually

the level where we peaked in 2021 as you can see here this was the highest that the market had ever gone and as of now we have actually ended up hitting uh 3.36 trillion but this retest is is very crucial so if it does comes here and we bounce back from here I think we are going to see another bull

because if you look here and if we do go back to as uh if we do if we do go back to as low as 20 2018 bullon as you can see here we peaked around 759 billion and if you look here and if you look closely here we had a pretty good retest and after that retest we had another bull and I think that same

thing is actually happening here so I think we will most likely uh trade at this Zone for 2 to 3 weeks and after that uh if the breakout happen successfully and the uh Market starts to go up I think we will see another bullan and Bitcoin could be heading towards a whole new level I think that is

going to happen if we do see a breakout and if we do see a retest here and it starts to go up so what does this mean for altcoins is a v drum is altcoin so if you look at the altcoins overall this uh graph or this chart which you are seeing is basically uh BTC and Etc excluding so this one does not

include BTC and ethereum’s market cap and if you look here and this one is also retesting so I think the altcoin season is about to start uh once we do bounce back from this level which is this one as you can see here around 835 billion and I think if that happens all of the Els including

vome Finance will most likely go up but V Drome doesn’t care about that it’s going up either way anyways so it’s for the altcoins including ethereum and

other Al coins of course excluding BTC same thing is happening it has already successfully retested as you can see here and I think we could be actually heading towards uh if it does ke if it does hold this level we will most likely go up again so I think we do have a pretty good bounce back from

here from the looks of it but we do have to wait for the confirmation once uh it starts to Pump from here anyways now let’s look at what is happening with v drum so there is a lot of happening with v drum and they have had a lot of updates and you can see here they have had um new chance as

well we have this one and they are also live on F as of now so that’s pretty good one so as of now they are actually live on four which includes optimism mode Bob and f as of now and I think they are working on the rest of uh these to actually startup so because of this FX I think moment we

had a massive lock for the um V coin so as you can see here on Epoch 129 uh which was I think around 2 weeks ago we had over 33 million V coins locked so that is a massive amount so this is actually as high as this one when the Vel drum actually started locking on the epoch first so that is I think

a massive amount and I think that is going that is actually boosting the V price and as of now vome is doing good because of that and beside that if you look at the volume the Vel Drome is actually hitting new highs so this is Vel dr’s volume as you can see by Epoch and we actually hit a new

high on the uh 128 which was the same one when we had a lot of locks as you can see here it actually ended up hitting 854 million volume which is a massive one and this week it has already hit around 700 oh sorry 725 million volume which is also massive so I think what this means is that V drum is

getting a lot of Attraction as of now and I think that has to do with super chance which are all of these one and as for the optimism in general optimism is doing pretty good but it has not contributed through V drum so as you can see here on optimism it Remains the Same and as for the V drum

itself the tvl hasn’t moved as of now so I think as of now it does not show frags so once I think it uh launches fras frags on the def Lama we will most likely see a boost in the tvl again I think so that’s pretty good one so as for the mode I think it has been doing pretty good on the

mode as well so I think that’s pretty good and I think overall uh everything looks uh at least everything looks good for the V Drome in general so the blockchain or the layer two is actually called f fol as you can see here and as of now V Dr is not listed here anyways so looking at V

drum’s other stats we have uh this one as you can see here it has had a pretty good uh a pretty good Plus in the market cap that also include token holder did not go up unfortunately the trading volume did actually increase we had another trading volume increase the fees actually went up so

that means there were a lot of activities on the V drum so that’s pretty good so of course the Revenue also went up again we also had earning increase around 33% and besides that uh it doesn’t look bad we don’t have that many users going away so I think

that’s pretty good uh overall for the L drum and if you look at code commit so that means there has been a lot of develop m going on behind the back so that’s I think pretty good and they even gained around 5% more users monthly so I think that’s pretty awesome for the V drum

overall Vel drum is looking pretty good uh in general from the looks of it so that’s I think good for the V drum so now let’s look at the main thing which is the price action so as of now we have actually broken uh this high and I think we will most uh if it does starts to go up again

we will most likely continue so I think if the AL season does come and as I discussed here if we do go up from here uh I think the V Drome will most likely go up and I think for that to go up we have to retest somewhere so what the retest that I’m actually looking for I will just try to take

it from here so the retest which I’m looking for is mostly this one around uh 8.5 Cent if not I think uh a retest around 10 cent is a pretty pretty good one if not uh 9.7 Cent is a pretty good entry and I think 8.5 Cent is a pretty good entry as well and if we do go up from here we do have to

worry about this resistance which is also I think pretty strong around 16 Cent and after that we do have a resistance uh I think this one seems to be a pretty good resistance as well around 22 Cent and if we do end up filp and if it do flip this resistance I think we are most likely heading higher

most probably going towards a new alltime high which could be above 40 Cent anyways this was it I hope you like the update I will be back with more thanks for watching