Venus (XVS) Price Up 12.8% This Week

Venus (CURRENCY:XVS) traded up 0.2% against the dollar during the twenty-four hour period ending at 20:00 PM Eastern on November 25th. Venus has a market capitalization of $276.80 million and approximately $19.85 million worth of Venus was traded on exchanges in the last day. Over the last seven days, Venus has traded 12.8% higher against the dollar. One Venus coin can currently be bought for about $24.01 or 0.00040735 BTC on major exchanges.

Here is how other cryptocurrencies have performed over the last day:

  • Wrapped Bitcoin (WBTC) traded up 2.3% against the dollar and now trades at $58,586.71 or 0.99402471 BTC.
  • Cosmos (ATOM) traded 1.4% lower against the dollar and now trades at $29.79 or 0.00050541 BTC.
  • Creditcoin (CTC) traded 1.3% lower against the dollar and now trades at $2.39 or 0.00004048 BTC.
  • Function X (FX) traded 6.4% higher against the dollar and now trades at $1.01 or 0.00001719 BTC.
  • Phantasma (SOUL) traded down 3.4% against the dollar and now trades at $2.87 or 0.00004872 BTC.
  • Tranchess (CHESS) traded 2.1% lower against the dollar and now trades at $2.52 or 0.00004275 BTC.
  • Galaxy Heroes Coin (GHC) traded 5.6% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Reflexer Ungovernance Token (FLX) traded 29% higher against the dollar and now trades at $395.08 or 0.00670313 BTC.
  • Darwinia Network (RING) traded 0.7% lower against the dollar and now trades at $0.0930 or 0.00000158 BTC.
  • Numbers Protocol (NUM) traded up 11.4% against the dollar and now trades at $1.91 or 0.00003234 BTC.

Venus Profile

Venus (XVS) is a PoW/PoS coin that uses the Scrypt hashing algorithm. It was first traded on April 5th, 2017. Venus’ total supply is 29,960,733 coins and its circulating supply is 11,529,076 coins. The official message board for Venus is medium.com/venusprotocol. Venus’ official Twitter account is @VsyncCrypto and its Facebook page is accessible here. The official website for Venus is venus.io.

According to CryptoCompare, “Venus Protocol (“Venus”) 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. “

Buying and Selling Venus

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

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