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Investment Case for Vertcoin (VTC) – Hacker Noon

Investment Case for Vertcoin (VTC) – Hacker Noon

Vertcoin is a quick growing digital currency that has managed to stay under the radar from mainstream media. This cryptocurrency has bot calmly making major advancements through partnerships and leads the industry with the most cutting edge technology te the space. Today, Vertcoin trades at $Three.97, but I see this cryptocurrency reaching $Legitimate te 12 months because of its partnership with Litecoin, being ASIC resistant, positioning itself to become one of the very first coins to have the Lightning Network deployed on its protocol, and the extra drivers that I have outlined below.

Basics:

  1. Launched ter Febuary 2014, Vertcoin is a digital peer to peer currency based ter the United States
  2. Vertcoin concentrates on the decentralization of mining through ASIC (Application Specific Integrated Circuit) resistance
  3. Vertcoin is lightly accessible to the everyday user without extensive technical skill
  4. Ticker: VTC

Ranking by Market Cap: 29

Market Capitalization: $164,382,645

Circulating Supply: 41,386,600 VTC

Max Supply: 84,000,000 VTC

Average Trading Volume: $Three,905,709

Block Prizes: 50 coins vanaf block

Block time: Two.Five minutes

  1. Leading the Vertcoin team is James Lovejoy. Mr. Lovejoy is presently a undergraduate researcher at MIT’s Digital Currency Initiative, which is the program behind the Lighting Network
  2. The Vertcoin team presently has 6 extra developers working on the project utter time
  3. The team is also VERY translucent. They permanently and consistently hold bi-monthly development updates and provide a real time roadmap update of their plans to the community

Drivers of Growth:

  1. Vertcoin is the most decentralized coin te the market place because it is ASIC resistant, meaning the mining of this coin cannot be done with expensive hardware. Spil a point of reference, Bitcoin can be mined with ASIC hardware permitting people to centralize the hashing power
  2. Every four years Vertcoin’s prize for each block, presently 50, gets halved. During the halving years, this feature of the protocol will drive the request for the coin up, similar to what wij witnessed with Bitcoin’s price this year
  3. Vertcoin has a very active and translucent partnership with Litecoin, and is even mentioned te Litecoin’s roadmap. Vertcoin is working on cross-chain atomic exchanges with Litecoin, meaning once the Lightning Network is launched, any merchant that accepts Litecoin voorwaarde accept Vertcoin spil well
  4. Vertcoin is participating te the Lightning Network to increase transaction times and reduce the cost of each transaction
  5. Spil previously mentioned, Vertcoin’s team lead is presently doing research at MIT’s Digital Currency Initiative, who is responsible for the Lightning Network. This relationship will permit Vertcoin to be one of the very first coins to have the technology deployed on their protocol
  6. Vertoin is presently SegWit activated which permits users to benefit from quicker transaction times until the Lightning Network is implemented
  7. Vertcoin has made itself lightly accessible to the everyday user without extensive technical skill through features like their One Click Miner

Headwinds:

  1. Spil of now, Vertcoin’s explosive growth has happened purely through word of mouth. There has presently bot no marketing dollars spent on this project
  2. The developers working on this project are volunteers and rely on donations from the community spil compensation
  3. Since regulation will always trail innovation, the digital currency space can be subject to fresh regulations ter the future

Summary:

Based on the current valuations of projects similar to VTC:

Litecoin:

Market Cap: $Trio,900,233,727

Circulating Supply: 53,920,483 LTC

Total Supply: 84,000,000 LTC

Monero:

Market Cap: $Two,129,572,890

Circulating Supply: 15,377,976 XMR

Without incorporating a growth rate my 12 month price target for VTC is:

Current:

Ranking by Market Cap: 29

Market Capitalization: $164,382,645

Circulating Supply: 41,386,600 VTC

Max Supply: 84,000,000 VTC

12 Month Price Target:

Market Cap: $745,050,600

Circulating Supply: 41,601,940 VTC

Taking into account a compound average growth rate of 20% my 12 month price target would be closer to $21 a coin.

I hope you all liked this week’s write up on Vertcoin. After receiving an overheen whelming response from my Metaverse write up, a large portion of my readers would like my next week’s entry to concentrate on the benefits of cryptocurrency and the solutions it provides our current financial system.

Related movie: How to Get a BitCoin Wallet | LIVE Bitcoin BTC Trading 2014


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