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Velodrome

Velodrome Finance (VELO) is a sleeping giant. Hidden 100x gem?After diving deep into Velodrome Finance's documentation and dApp, it's become crystal clear that VELO is destined to become a top 20-30 market cap token. The fundamentals and long-term prospects are so strong that, honestly, if it doesn't reach that point, I would be shocked. Here's why: 1. Massive Liquidity and Total Value Locked (TVL) VELO has an impressive amount of liquidity and demand, and it's only growing: Velodrome's TVL recently hit $97 million, a significant milestone. It's the top DEX on both Optimism and MODE chains, showcasing its dominance. VELO is currently ranked #24 in spot volume across the entire DeFi ecosystem—out of thousands of dApps. This level of liquidity is crucial for several reasons: It provides stability and reduces slippage for traders. It attracts more users and projects to the ecosystem. It demonstrates strong confidence from investors and users. 2. Innovative Tokenomics and Yield Generation Velodrome's tokenomics model is designed to encourage long-term holding and participation: Users can lock VELO tokens for up to four years, receiving boosted rewards. This lock-up mechanism could potentially create supply squeezes, driving up the token's value. The protocol offers incredible yield options, making it more likely that users will continue to lock up their tokens. 3. Strategic Position on Multiple Chains Velodrome's role as the largest DEX on Optimism and MODE provides several advantages: It's expanding to even more chains, including FRAX, LSK, METAL, and BOB. As a key player in the Superchain ecosystem, VELO is well-positioned to benefit from cross-chain growth. Low fees and high liquidity make it attractive for DeFi users, potentially driving more activity to Velodrome. 4. The Coinbase Factor and Marketing Potential The connection to Coinbase is a game-changer: VELO is already listed on Coinbase, providing exposure to a large user base. This early Coinbase listing is a huge factor in its potential growth. 5. Comparative Market Analysis When comparing Velodrome to other successful DEXes, the growth potential is enormous: With a current market cap of only $85 million and a fully diluted valuation of $192 million, VELO is significantly undervalued compared to its peers. As the "little brother" of Aerodrome, VELO has similar fundamentals but at a much lower valuation. 6. Potential for Major Exchange Listings VELO has yet to be listed on some of the largest cryptocurrency exchanges: VELO is not currently available on major platforms like Binance and Bybit. Listing on these exchanges could potentially provide a significant boost to VELO's liquidity and accessibility. 7. VELO Price and Long-Term Potential The potential for significant price appreciation is a key factor in VELO's appeal: I can confidently say that VELO's current price might look like a dream in the next 1-2 years. Right now, it's sitting at $0.10, but I recommended it to my followers when it was under $0.05. The upside potential here is enormous. I wouldn't be surprised if VELO does a 25x from its current price. Price prediction is anywhere from $2.5 to $10+ With all the data and liquidity I'm seeing, a 100x or higher doesn't seem far-fetched at all. Conservative estimates place potential future prices in the 25x range, with some optimistic projections even higher. 8. Sleeping Giant in the DeFi Space VELO is currently a sleeping giant in the DeFi space: It's vastly underrated and undervalued compared to its fundamentals. The token has never seen a bull market, meaning its true potential is yet to be realized. Getting in now could be considered very early, given its growth trajectory. Conclusion VELO is a sleeping giant and it will take many people by surprise. It is in my top 10 list of newer coins that have never seen an alt season. If you think you are too late to AERO, you might be too early to VELO. While these projections are exciting, it's important to remember that the cryptocurrency market is highly volatile and unpredictable. Always conduct your own research and invest responsibly. COINBASE:VELOUSD OKX:VELODROMEUSDT CRYPTO:VELODUSD MEXC:VELODROMEUSDT CRYPTOCOM:VELODROMEUSD GATEIO:VELODROMEUSDT BITMART:VELOUSDT COINEX:VELOUSDT
COINBASE:VELOUSDLong
by Coindatahouse
$VELO - A Bullish Chart Velodrome is perfectly positioned for the next bull run. Healthy upmoves with strong volumes are providing a glimpse of what VELO's movement in the next 12 months might look like. The team is solid, extremely aggressive, and rapidly expanding across all Superchain member chains. The chart highlights some major resistance levels. I wouldn’t be surprised if VELO reached a $5-10 billion market cap by the end of this bull cycle. If this becomes reality, the token could multiply by 30-50x, placing the unit price around $3-5 per token.
COINBASE:VELOUSDLong
by mbuffara
VELO USDT to $0.13Long accumulation phase on the DAILY timeframe that could potentially break out. This recent formation of a descending wedge pattern suggests significant potential upside for VELO. The breakout from such a pattern is often a precursor to substantial price movements. Generally, the higher the timeframe of the breakout, the larger the potential move. We observed a similar scenario with AERO. We entered AERO when it was in a similar pattern and caught the breakout that propelled it upward, allowing for significant gains. Target: $0.13 (with higher potential beyond) -------------- Why $0.13? VELO has a maximum supply of 1.8 billion tokens, with approximately 800 million currently in circulation. Presently, the market cap stands at $73 million, with a fully diluted valuation (FDV) of $166 million. The potential for VELO to reach $0.13 represents a realistic target that would elevate its market cap significantly. Velodrome Finance is not just another DeFi project; it serves as a liquidity and yield generation platform that operates across multiple chains, including Optimism (OP) and others. It provides a robust ecosystem for decentralized finance, featuring ample liquidity and yield opportunities. Similar to AERO, which also formed a descending wedge pattern, VELO could potentially break out and claim the 200 DEMA. If this occurs, it could take VELO toward $0.13, which aligns with the 0.236 Fibonacci level on the daily chart. Importantly, $0.13 is just the first target, and there is potential for further gains beyond this level as the project continues to develop and attract attention. VELO's presence on Coinbase adds to its credibility and market visibility. As we look ahead, the substantial liquidity and yield generation opportunities available through VELO appear underappreciated, leading to the strong possibility of a 10x return in the future and perhaps even more. Achieving the $0.13 target would position VELO more favorably in the market, increasing its market cap to a more substantial figure. This target reflects a conservative estimate, considering the project’s fundamentals and its current market conditions. It’s important to recognize the inherent scarcity of VELO's token supply, which makes it susceptible to significant price pumps. While there is potential for VELO to surpass $0.13, this target serves as a prudent benchmark for the near term. Velodrome Finance is committed to fostering a decentralized finance ecosystem, providing infrastructure that supports liquidity and yield generation for various applications. It aims to redefine how users interact with DeFi, making it a noteworthy project to keep on your radar. VELO has been a key focus of mine for some time, and I’m excited to share my insights as we monitor its potential journey toward $0.13 and beyond. COINBASE:VELOUSD OKX:VELODROMEUSDT CRYPTO:VELODUSD MEXC:VELODROMEUSDT GATEIO:VELODROMEUSDT COINEX:VELOUSDT BITMART:VELOUSDT
COINBASE:VELOUSDLong
by Coindatahouse
velodrome goes to $15this post is dedicated to the change in structure which has taken place since my last velodrome projection, and my slight shift in perspective as to how i'm envisioning the run to come. unfortunately, tradingview does not share the full history for this pair, so i cannot share my entire projection - but this picture which i am sharing here should suffice. --- velodrome looks to me like a completed bullish 1-2 wave, ready to run into the months ahead. the 1 day, 3 day, and weekly oscillators have printed a hidden bullish divergence and are starting to cross bullish this week. there is a lot of innovation behind this particular project, so i'm giving it a conservative upside target of $15 into the end of this year. --- w3 target = $3.00 w4 target = $0.70 w5 target = $15.00 🌙
Long
by Eloquent
6
VELODROME (VELO)Velodrome (VELO) is a liquidity and trading platform specifically designed for optimized token swaps and efficient liquidity provision on the Optimism layer-2 network. Its key features include strategic liquidity deployment and in-depth analytics to maximize returns for liquidity providers, leveraging the scalability and low transaction costs provided by Optimism. Currently, the price of Velodrome (VELO) is $0.15 with a 24-hour trading volume of $5 million. VELO has seen an increase of 10% in the last 24 hours, suggesting a positive market response to its liquidity solutions and integration with the Optimism network. In light of Velodrome's niche in facilitating efficient decentralized finance operations and its recent performance indicators, the next price targets for VELO could be considered at $0.27, $0.315, and $0.65. Traders might look to engage at the present price. This trade idea taps into the ongoing expansion of DeFi on scalable networks, with Velodrome poised to capitalize on increasing liquidity demands and trading volumes within this ecosystem.
Long
by icordkaz
1