VELO has made a remarkable impact in the cryptocurrency market, surging by 358% in just six weeks and captivating global traders. Dubbed "Southeast Asia's XRP" by some, VELO facilitates efficient cross-border payments, mirroring XRP's functionality. Its recent 30-day performance showcases a notable price jump to $0.025, garnering significant attention.

VELO's impressive rise can be attributed to its innovative protocol, developed by Velo Labs. By utilizing smart contracts, VELO simplifies transactions for investors and ensures secure and transparent cross-border cryptocurrency transfers. Although XRP leads in market capitalization and recognition, VELO stands out with its smart contract feature, setting it apart from its competitors.

The token's price has dramatically increased by 225.51% in the last 30 days, defying the market trend. According to Santiment, a leading analysis firm, VELO's trading volume rose by 30% last week, reaching $0.029. This significant price performance reflects growing investor interest. A crypto community member noted, "VELO is showing strength, and I see only one direction this could go in the next few weeks."

VELO's popularity can be attributed to its ecosystem development and strategic partnerships with major companies like iRemit, Visa, and Lightnet. These collaborations contribute to its regional recognition. Currently, VELO trades at $0.025, following a 1.5% decrease. Despite this, VELO's remarkable surge and innovative features make it a promising player in the crypto market.