Why is the velo going down?

Could you please elaborate on the factors contributing to the decline in the value of Velo? Is it due to market sentiment shifting towards more established cryptocurrencies, or are there specific issues within the Velo ecosystem that have led to this decrease? Have there been any recent developments or announcements that have negatively impacted the project, or is this simply a reflection of the broader cryptocurrency market's volatility? As an investor or trader, what should I consider when evaluating the potential for Velo's value to recover or continue to decline?