As an investor, miner, and enthusiast, I’m always looking for upcoming cryptocurrencies that will outperform Bitcoin. This is an important caveat because you can invest in a cryptocurrency and make more USD but actually lose Bitcoin. This happens when Bitcoin appreciates in value faster than your crypto. One of the only ways to outperform Bitcoin is to invest in “altcoins”. (An Altcoin is pretty much any cryptocurrency other than Bitcoin)
The altcoin market is definitely a hectic market to invest in. There are a lot coins that are literally scams and you should not invest even a cent in. But there are coins that have strong engineering teams and communities, who are genuinely passionate about what the mission of their cryptocurrency is. This is what I call the fundamentals of the coin: team, engineering ability, and community’s vision. The second factor I consider is if the coin has begun to “break out” technically, meaning new money is flowing into the coin and price action of the coin is extremely bullish. A combination of these two factors for me are enough for me to consider investing and create the conditions for what I call a mega bull rally.
I believe Vertcoin ($VTC) has the conditions for a mega bull rally in 2018 parallel to Litecoin’s ($LTC) 2017 performance.
Litecoin was one of the biggest performers of 2017, with YTD gain of +2,790.14%. For reference, Bitcoin performed +1458.87% YTD.
For a long time, Vertcoin has had the fundamentals: strong developer team and awesome vision. Checkout their github to see or the reddit community! Vertcoin’s code was actually forked from Litecoin. The differential of the coin is that the developer’s have made their coin “ASIC” proof meaning miners can mine with GPUs but not with single purpose ASIC chips. ASIC chips are generally more expensive than GPUs and can only serve one purpose. This creates a higher, economic barrier of entry for smaller miners. By allowing small miners to coexist with bigger miners, the coin will be more decentralized and thus more secure.
From a technical analysis perspective, Vertcoin has also experienced a major influx of new money, rallying from $2 to $10 on high buying volume.
However, what I think is particularly interesting about Vertcoin and what it makes it a long term investment for me is the historical statistical similarities to Litecoin:
A Hashrate represents the difficulty it takes to mine a coin. As more miners start to mine a coin, the Vertcoin/Litecoin/Bitcoin protocol increases in difficulty. Because mining is expensive, miners want mine a coin that will appreciate in value. Thus, an increasing hash rate signifies that a lot miners think a coin will appreciate in value in the future, otherwise they wouldn’t be investing their resources in mining the coin. As you can see, the hashrate for Vertcoin for the past two months has become pretty much identical to the hashrate of Litecoin’s for the period of Feb — May of 2017.
The transaction appear to be less for Vertcoin compared to Litecoin. But this is probably because of Vertcoin not being listed on Coinbase.
The price action is particularly interesting. The rapid appreciation of Vertcoin in the last month almost looks exactly the same as the break out Litecoin experienced in April of 2017.
The reddit subscriber growth looks pretty similar.
2018 Catalysts
- Atomic Swaps: Because Vertcoin is in the community of crytpocurrencies that are Segwit activated, its has the capability to be exchanged with other Segwit currencies without any centralized exchanges. These other currencies are namely Bitcoin and Litecoin. This will cause a lot of new money to flow into Vertcoin and boost the price. In fact Charlie Lee did the first Litecoin atomic swap with Vertcoin
2. Stealth Addressing: This feature allows you send Vertcoin without having the coins traced back to you. Thus allowing for more privacy on the block chain. Both Bitcoin and Litecoin do not have this feature yet.
3. New exchanges: Right now, Vertcoin is only listed on a few exchanges so the buying volume should increase as it gets listed on more asian exchanges.
Because of these catalysts, I would not be surpised if Vertcoin touches $40 in the next two to three months, a 400% gain from todays level. This would give Vertcoin a $1.6B market cap or around ~25% of Litecoins market cap.
Thanks for reading! If you need help buying Vertcoin keep reading! I listed a tutorial of how to buy below!
VTC: VcgeKicessXnA6nhGEkDDtLvXG9uRtaKM5
BTC: 1FQuhjAMuVZzofMx1m8BuXZmVGqDgzoD3k
LTC: LRpmY8NDgiubVrwVrhHq6cxRbPxg2Dd5Pq
How to buy Vertcoin
- Buy Bitcoin with USD on an app like Coinbase.
- Send the Bitcoin to https://bittrex.com/ . Here is a random guy explaining on how to deposit Bitcoin into Bittrex https://www.youtube.com/watch?v=xFuSozXD_K8
- After receiving the Bitcoin, on your bittrex bitcoin wallet, go to https://bittrex.com/Market/Index?MarketName=BTC-VTC
- Place an order on for some Vertcoin with your BTC. Here is tutorial on that https://www.youtube.com/watch?v=qg5VKn4n6iE
- Ideally you want to move your money off the exchange because its more safe.
- Then create a Vertcoin wallet on your computer. Here is a tutorial on doing that https://www.youtube.com/watch?v=zDXwtjxK8YU . ****Remember never store the wallets seed or private key on any electronic device. Write it down on multiple pieces of paper and store these pieces of paper in safe places. If these papers are compromised thieves can steal your money or if you loose these you will lose your vertcoin! Thats why you shouldnt store these on a computer.
- Now send the Vertcoin from Bittrex to the address of your Vertcoin wallet! again this tutorial tells your how to send money from Bittrex https://www.youtube.com/watch?v=xFuSozXD_K8
- ProTip: Send only a little money from one wallet to another to make sure you didnt type the wrong address.
