Venus Trading 11% Lower Over Last 7 Days (XVS)

Venus (XVS) traded down 3.3% against the U.S. dollar during the one day period ending at 9:00 AM Eastern on December 23rd. Venus has a market capitalization of $66.46 million and $3.74 million worth of Venus was traded on exchanges in the last day. During the last week, Venus has traded 11% lower against the U.S. dollar. One Venus token can currently be purchased for approximately $4.05 or 0.00004626 BTC on popular cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed during the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower 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 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 2.1% lower against the dollar and now trades at $87,784.19 or 0.99677279 BTC.
• SolvBTC (SOLVBTC) traded 2.7% lower against the dollar and now trades at $87,619.11 or 0.99997713 BTC.
• Lumi Credits (LUMI) traded up 8.9% 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 16,396,768 tokens. Venus’ official message board is community.venus.io. The Reddit community for Venus is https://reddit.com/r/venusprotocol and the currency’s Github account can be viewed here. Venus’ official Twitter account is @venusprotocol and its Facebook page is accessible here. 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 possible to purchase alternative cryptocurrencies such as Venus directly using U.S. dollars. Investors seeking to trade Venus should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Venus using one of the aforementioned exchanges.

XVS/USD price chart by TradingView