VELVET (Velvet) rose 14.65% in the last 24 hours.

Gate News Bot report, on November 13, according to CoinMarketCap data, VELVET (Velvet) is currently priced at 0.22 USD, with a rise of 14.65% in the last 24 hours, peaking at 0.23 USD and dipping to a low of 0.19 USD. The 24-hour volume reached 7.08 million USD. The current market capitalization is approximately 27.7 million USD, an increase of about 3.54 million USD compared to yesterday.

Important news about VELVET recently:

1️⃣ Strategic partnership with Beefy Finance Velvet Capital has established a strategic partnership with the leading multi-chain yield optimization platform Beefy Finance. This collaboration aims to provide users with more diversified yield optimization opportunities, which is expected to significantly enhance the attractiveness and usability of the Velvet ecosystem, thereby driving its market performance.

2️⃣ Enhancing DeFi Trading Security in Collaboration with Privy Velvet Capital collaborates with privacy technology company Privy to enhance the security and user experience of DeFi trading. This initiative will help strengthen user trust in the Velvet platform, potentially attracting more investors to participate, thereby supporting its price rise.

3️⃣ Technological Innovation: Uncontested “Velvet Fork” The Velvet project has introduced an innovative upgrade mechanism known as “Velvet Fork,” which allows for cryptocurrency updates without causing community disputes. This flexible technical solution demonstrates the innovative capabilities of the Velvet team and contributes to the project's long-term stable development.

From a technical perspective, Velvet's price has broken through recent resistance levels, showing a strong rise trend. However, considering the high volatility of the cryptocurrency market, investors should remain cautious and pay attention to potential pullback risks.

This message is not an investment advice; investors should be aware of market volatility risks.