$VELODROME
Finance (VELO) is currently trading at $0.05429, with an 11.78% increase in the last 24 hours. Here are some key points to consider:
*Key Indicators:*
- *Current Price:* $0.05429
- *24-hour Trading Volume:* $19.74 million (288.04% increase)
- *Market Cap:* $49.69 million (11.78% increase)
- *Fully Diluted Valuation:* $117.97 million
*Technical Analysis:*
- *Trend:* Neutral sentiment with a buy signal on the daily chart and a strong sell signal on the 1-week chart
- *Oscillators:* Neutral sentiment with buy and sell signals
- *Moving Averages:* Neutral sentiment with buy and sell signals
*Price Prediction:*
- Potential targets: $0.053527, $0.055744, $0.057961, $0.060179, and $0.062396 (based on a long trade signal)
- Some analysts predict a potential upside, mirroring Aerodrome's rally, with possible price targets above current levels¹ ² ³
*Market Sentiment:*
- Growing interest in Velodrome Finance due to its listing on Binance and potential for increased adoption
- Strong community support with 56.22K holders and a growing market presence
*Recent Developments:*
- Velodrome Finance was listed on Binance, with trading starting on December 13, 2024, and withdrawals beginning on December 14, 2024
- The exchange introduced a new spot trading pair, VELO/USDT, and added Velodrome to multiple products and services, including Margin, Auto-Invest, and Futures offerings⁴