VTC new mining algorithm (Verthash) was successfully launched on 30th January which has propelled the price higher, doubling in less than two days and breaking a very important resistance line as presented on the chart!
This shows we are clear to go MUCH, MUCH higher... with a final target around $12 or more!
The new mining algo is ASIC resistant and allows anyone with a gaming GPU to mine VTC! You can make anywhere between $2-4 with a regular GPU/day now. Test it out yourself below:
Considering we are in a massive bull market, this is a perfect setup for VTC to make significant gains. The limiting factor is that VTC is listed on only two major exchanges: Bittrex (US, VTC/BTC pair) and Bitvavo (EU, VTC/EUR pair).
If VTC get listed on any other major exchanges, I think we will fly very fast, very high.
Vertcoin has been around since 2014 and has all the qualities of BTC and LTC. The developers are very active and if momentum is maintained then Vertcoin can become the go-to coin for mining in a truly decentralized fashion.
Price action is very bullish and I'd expect VTC to make significant gains as days pass, yesterday someone bought 1 million VTC on Bittrex... that is 2% of the entire VTC circulating supply (58 mil). The total maximum supply for VTC is 84 mil.
Enjoy the ride and if you are new to mining, try the link above, it's a great way to learn about mining and how it works. After all, Bitcoin uses this exact model and has proven very successful and resilient over time.
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