VeriCoin (VRC): Now Trending +31.93% (24hr)
VeriCoin (VRC):
VeriCoin (VRC) is a Proof of Stake-Time cryptocurrency. It was previously a Proof-of-Stake cryptocurrency with Proof of Work used to mine coins in the early stage. VeriCoin began work on PoST after the MintPal VRC hack and the subsequent roll back. More information on Proof of Stake-Time can be obtained by reading the whitepaper here.There is no Pre-mine or IPO for VeriCoin. The minimum stake time is at least 8 hours. The one highlight feature of VeriCoin is VeriFund. VeriFund is the answer to ensure stability and growth of VeriCoin. It is used to counter the inflationary effect of the proof of stake.
When the supply increases, VeriFund will purchase liquid supply of VeriCoin to ensure growth and stability of the coin’s value. More info about VeriFund can be found at http://vericoin.info/verifund.htmlAnother key feature of VeriCoin is VeriSMS. VeriSMS is an SMS wallet system that gives your phone capability to access the VeriCoin network. Some of the available commands include “Balance”, “setpassword”, and “SEND”. More information about VeriSMS can be found at http://vericoin.info/text.htmlProof of Stake-Timehttp://www.vericoin.info/
VTC Rally:
Price: $0.63
+4% (last hour)
+31% (last 24 hours)
+85% (last 7 days)
About VeriCoin:
Website: http://www.vericoin.info/downloads/VeriCoinPoSTWhitePaper10May2015.pdf
Market Capitalization: $19,074,786.00
Genesis Date: May 10, 2014 (over 3 years)
24 Hour Trading Volume: $2,989,330.00
Current Market Price: Coinmarketcap.com, Coingecko.com
Data courtesy of Coinmarketcap.com and Coingecko.com
Is now the right time to Buy?
Determining when to enter the market and at what price depends largely on the investing strategy and plan you have in place. The attitude and approach to investing differs significantly depending on whether you are a long-term or short-term investor. An investor looking to hold for the long-term will likely make frequent purchases over a period of time with a view on holding the cryptocurrency for many years. This can be said of many investors holding Bitcoin at the moment. However, while the short-term investors will likely enter and exit the market over a very short space of time looking to take advantage of a short-term movement. So determining when to enter the market depends largely on your plan and strategy. Once that’s determined, it’s necessary to then determine the buy signal for that particular strategy (long-term or short-term).
What is a”Buy Signal”?
A buy signal is an event or condition that triggers an investor to purchase a particular cryptocurrency. Astute investors, traders and analysts can often “see” buy opportunities as they happen. Other investors rely on trading software (such as this Altcoin Trending report) to indicate which coins show strong potential for continued upward movement.
Regardless of the method used to determine when to buy, hold or sell a cryptocurrency – the day trader needs to have a well crafted trading plan and strategy that meets their specific needs to be successful. Depending on your plan and strategy, you may trade Bitcoin daily or simple hold it for the long-term. Same can be said for the Altcoins and the decision whether to day trade, sell or hold for the long-term. Having the right strategy in place is key to becoming successful in the cryptocurrency markets.
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