Venus Tops 24 Hour Trading Volume of $10.09 Million (XVS)

Venus (XVS) traded up 1.1% against the US dollar during the one day period ending at 16:00 PM Eastern on May 14th. One Venus coin can now be bought for approximately $4.45 or 0.00015061 BTC on major cryptocurrency exchanges. During the last week, Venus has traded down 41.7% against the US dollar. Venus has a market cap of $54.13 million and $10.09 million worth of Venus was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed during the last day:

  • Wrapped Bitcoin (WBTC) traded down 1.6% against the dollar and now trades at $29,466.66 or 0.99777246 BTC.
  • Cosmos (ATOM) traded up 0.5% against the dollar and now trades at $10.47 or 0.00035454 BTC.
  • Techpay Coin (TPC) traded down 0.4% against the dollar and now trades at $0.28 or 0.00000936 BTC.
  • Function X (FX) traded up 1.2% against the dollar and now trades at $0.24 or 0.00000821 BTC.
  • Creditcoin (CTC) traded down 8.4% against the dollar and now trades at $0.44 or 0.00001477 BTC.
  • Nestree (EGG) traded down 2.4% against the dollar and now trades at $0.0228 or 0.00000077 BTC.
  • mStable USD (MUSD) traded up 0% against the dollar and now trades at $1.00 or 0.00003383 BTC.
  • Phantasma (SOUL) traded 11.3% higher against the dollar and now trades at $0.30 or 0.00001007 BTC.
  • Redd (RDD) traded flat against the dollar and now trades at $0.0011 or 0.00000008 BTC.
  • Tranchess (CHESS) traded 3% higher against the dollar and now trades at $0.26 or 0.00000882 BTC.

About 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 29,745,110 coins and its circulating supply is 12,170,524 coins. Venus’ official website is venus.io. Venus’ official Twitter account is @VsyncCrypto and its Facebook page is accessible here. Venus’ official message board is medium.com/venusprotocol.

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 currently possible to purchase alternative cryptocurrencies such as Venus directly using U.S. dollars. Investors seeking to acquire Venus should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Venus using one of the aforementioned exchanges.

Receive News & Updates for Venus Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Venus and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.