Velo (VELO) Faces Downward Trend Amid Low Activity and Limited Information

Velo (#VELO) is a financial protocol enabling digital loans and asset transfers for companies utilizing smart contract systems. The project has a popularity profile of 69%, with a community sentiment that is 92% positive and 8% negative. It was launched in September 2020. Market metrics show a capped valuation of approximately $96 million, with a declining trend, and a 24-hour trading volume around $25 million. The Fully Diluted Valuation (FDV) is roughly $11 million, and circulating supply is about 31%. The price trajectory has been consistently downward since market entry, reflecting a lack of confidence. The founders and developers' details are limited, with little verification of their identities. The whitepaper and documentation are complete, but there's been no recent significant update on the roadmap, and GitHub activity is weak. The project seems primarily focused on Southeast Asia, with minimal additional information, raising doubts about its long-term viability. The overall movement trend is negative, with no clear development plan, making the project deteriorate over time.