Venus Market Cap Reaches $70.63 Million (XVS)

Venus (XVS) traded down 3.8% against the US dollar during the 1-day period ending at 9:00 AM ET on December 19th. One Venus token can currently be purchased for about $4.31 or 0.00004899 BTC on major cryptocurrency exchanges. Venus has a total market cap of $70.63 million and approximately $5.93 million worth of Venus was traded on exchanges in the last day. In the last seven days, Venus has traded 6.9% lower against the US dollar.

Here is how related cryptocurrencies have performed in the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 0.3% higher against the dollar and now trades at $87,888.63 or 0.99947704 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Venus Profile

Venus’ launch date was November 20th, 2020. Venus’ total supply is 30,000,000 tokens and its circulating supply is 16,393,909 tokens. Venus’ official Twitter account is @venusprotocol and its Facebook page is accessible here. The Reddit community for Venus is https://reddit.com/r/venusprotocol and the currency’s Github account can be viewed here. The official message board for Venus is community.venus.io. Venus’ official website is venus.io.

According to CryptoCompare, “Venus Protocol is an algorithmic-based money market system designed to bring a complete decentralized finance-based lending and credit system onto Binance Smart Chain.Venus enables users to utilize their cryptocurrencies by supplying collateral to the network that may be borrowed by pledging over-collateralized cryptocurrencies. This creates a secure lending environment where the lender receives a compounded interest rate annually (APY) paid per block, while the borrower pays interest on the cryptocurrency borrowed. These interest rates are set by the protocol in a curve yield, where the rates are automated based on the demand of the specific market, such as Bitcoin.TelegramWhitepaper”

Venus Token Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Venus directly using US dollars. Investors seeking to acquire Venus should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Venus using one of the exchanges listed above.

XVS/USD price chart by TradingView