Velodrome Finance is a decentralized exchange (DEX) token on Optimism, where VELO is used for governance, liquidity incentives, and voting via veVELO locks.
It currently trades around ≈ $0.014 USD (~৳1.7 BDT), a steep decline from its 2024 all‑time highs, reflecting broader altcoin weakness and low trading volume.
Recent weakness is tied to capital rotation out of altcoins into Bitcoin and low buying interest, keeping price pressured below key resistance near ~$0.015.
Technical sentiment remains bearish with oversold conditions, meaning short‑term bounces may occur but the trend favors downside unless demand returns.
Fundamental strength rests on Velodrome’s AMM and liquidity model for Optimism, plus governance via veVELO, which could support long‑term adoption.
Overall, VELO is a speculative DeFi token where price largely reflects crypto market mood and Optimism ecosystem activity.
@Velodrome中文社区 $VELODROME #VelodromeCoin
