The cryptocurrency market is abuzz with the remarkable performance of South Asian-based digital coins. VELO, in particular, has stolen the spotlight with a whopping 113% surge in the past month, reaching a nearly two-year high of $0.02861. Dubbed the "XRP of South East Asia," VELO has witnessed a 15% increase in trading value, coupled with a 22% rise in trading volume.

Despite this meteoric rise, VELO still has substantial room for growth, sitting 98% away from its all-time high. Market analysts are divided in their predictions, with some forecasting a bullish trend that could propel VELO to reach $0.029912, while others warn of bearish pressures that might drive it down to $0.024355.

Another cryptocurrency, UMA, has also garnered attention with a notable 50% gain over the last 36 hours. This price movement has added to the excitement and volatility in the crypto sphere. As traders continue to flock to these digital coins, it remains to be seen how the market dynamics will unfold in the coming days amidst the ongoing crypto frenzy.