Hi Guys!
As all cryptos have been sluggish lately this situation seems to be changing.
One of the great example is Vertcoin which is totally undervalued coin. It encountered over 80% correction since its maximum in October 2017.
Ok so what Vertoin really is?
Vertcoin is a digital cryptocurrency that is touted to be ASIC and Multipool resistant with its innovative Scrypt-N hashing algorithm. These resistants make Vertcoin a much more secure and truly decentralized cryptocurrency as compared to other altcoins.
The motivation of Vertcoin was the fact that Scrypt-based ASIC mining chip that is used to mine Scrypt derivative coins such as Litecoin and Dogecoin is entering the mass market. That coupled with strong mining pool causes the strength of a cryptocoin to drop as it becomes easier for a specific party to pull a 51% attack and even monopolize the network. Scrypt-Adaptive-Nfactor was created to address that issue.
Vertcoin is zero premined and as of the current design, only 84 million coins would ever be created.
Vertcoin is said to be the next generation of coins due to its unique hashing algorithm. There may be more altcoins created based on this hashing algorithm in order to defend their network against ASIC miners.
Today they announced on Twitter the have 518 Full Nodes which is in our opinion really good result.
Most of the volume is generated on Upbit exchange against Korean Won. So most interested people of Vertcoin are from Asia.
Coming back to the chart.
We observed massive price gain. Everyone has seen this. Is it one time peak? Or is it preview of something bigger?
Fibonacci levels:
Target 1: 0.00032860
Target 2: 0.00045460
Target 3: 0.00055643
Target 4: 0.00065827
Target 5: 0.00080325
Target 6: 0.00098793
We can observe new ATH but time will tell. This will be risky. We also need more volume to go higher. Be patient. Stay cool. Observe the market.
If you like our job don’t forget to give a like. :)
Thank you for helping us the best community on tredingwiev.
HUGE Hugs
WBM Team
As all cryptos have been sluggish lately this situation seems to be changing.
One of the great example is Vertcoin which is totally undervalued coin. It encountered over 80% correction since its maximum in October 2017.
Ok so what Vertoin really is?
Vertcoin is a digital cryptocurrency that is touted to be ASIC and Multipool resistant with its innovative Scrypt-N hashing algorithm. These resistants make Vertcoin a much more secure and truly decentralized cryptocurrency as compared to other altcoins.
The motivation of Vertcoin was the fact that Scrypt-based ASIC mining chip that is used to mine Scrypt derivative coins such as Litecoin and Dogecoin is entering the mass market. That coupled with strong mining pool causes the strength of a cryptocoin to drop as it becomes easier for a specific party to pull a 51% attack and even monopolize the network. Scrypt-Adaptive-Nfactor was created to address that issue.
Vertcoin is zero premined and as of the current design, only 84 million coins would ever be created.
Vertcoin is said to be the next generation of coins due to its unique hashing algorithm. There may be more altcoins created based on this hashing algorithm in order to defend their network against ASIC miners.
Today they announced on Twitter the have 518 Full Nodes which is in our opinion really good result.
Most of the volume is generated on Upbit exchange against Korean Won. So most interested people of Vertcoin are from Asia.
Coming back to the chart.
We observed massive price gain. Everyone has seen this. Is it one time peak? Or is it preview of something bigger?
- We broke EMA100 (daily chart) for w while. We have to wait till we break for good and preferably we bounce off from this level straight up.
- On RSI we can see double bottom and very strong uptrend – positive convergence
- Moreover on MACD chart since March 2018 we can observe positive divergence.
- We are very low at Fibonacci scale.
Fibonacci levels:
Target 1: 0.00032860
Target 2: 0.00045460
Target 3: 0.00055643
Target 4: 0.00065827
Target 5: 0.00080325
Target 6: 0.00098793
We can observe new ATH but time will tell. This will be risky. We also need more volume to go higher. Be patient. Stay cool. Observe the market.
If you like our job don’t forget to give a like. :)
Thank you for helping us the best community on tredingwiev.
HUGE Hugs
WBM Team
