Velvet VELVET

Velvet is ranked #621 by market capitalisation, at 35.05M $. Market capitalisation is price multiplied by circulating supply, so it moves with both — a coin can climb the ranking without its price rising, simply by issuing more.

463.8 M VELVET are in circulation, which is 46.4 % of the declared maximum. The remainder enters the market on the schedule written into the protocol, and until it does, the circulating figure is what market capitalisation is computed from — not the cap.

Over the last twelve months the price of VELVET fell by 60.9 %. That is the change of the quote itself and says nothing about what comes next: crypto drawdowns of tens of percent within a year are ordinary, not exceptional.

Velvet is a token issued on the BNB Chain network rather than a coin of its own blockchain. Practically that means transfers are paid for in the network's own currency, and the token's fate is tied to that network as well as to its own project.