Is this something like Theta , same sector? I scratched the surface and looked it. Chart yelling Buy. Relatively smaller then others, since its such a small cap, lower volume and limited exchange making it admittedly higher risk. But momentum looks great.
Trade closed: target reached
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took profits at the first level resistance. stopped out on the remaining.
in many ways it is but it is also different. they are both decentralised video processors like a CDN provider but use different methods to achieve it. VideoCoin taps into the idle (unused) data centres across the world to reach its goal whereas Theta uses a peer2peer (any device with compute power can perform work). The really cool thing about VideoCoin is that it is currently developing a video nft marketplace with Filcoin as partners for cloud storage. They are also making the API public to allow others to buid their own nft marketplace. The reason why it is attractive is that those third parties will build on the VideoCoin network and will use VideoCoiins video processing power which is 50% cheaper than pay AWS or Google Cloud.