Bitcoin Market Wrap Up 5/31-6/7: BTC Slippage Ccontinues, Vertcoin Leads the Pack
Over the last week, Bitcoin has continued to experience price slippage after briefly hitting a peak of $233 early in the week. From the peak, however, things went downhill. The price dipped to a low of $221 — a 5% drop. For the rest of the week, the price fluctuated between $225 and $223, aside from a brief bull run to $232. Through all the volatility, however, Bitcoin only dropped in value by 2.9%, much less drastic than last week’s 4.25% drop. Bitcoin news was mostly positive this week, so market trends do not seem to be influenced linearly by outside elements.
Related News
Editor's Note: Vertcoin Development team has released a new update last night, just after this article was originally published with the title: "Vertcoin Community Uneasy With Developer Silence." In the digital currency community, transparency is one of the foundations of the movement. While the Bitcoin creator Satoshi Nakamoto remains anonymous, this is not normally the case with most altcoins in current circulation. With the Vertcoin markets currently dipping down, the community is calling for more communication from its developers who have recently fallen silent. CCN. "As a miner and....
Vertcoin has been gaining momentum since my last article, "Vertcoin Most 'Active' Coin" was written. Hopefully, that indicates that the method of analysis used has some merit. I used a 'coin activity index' to compare the prospects of the top 12 coins by market cap. Vertcoin scored highest followed by Dogecoin. I would like compare those two coins again by putting them in a head to head matchup. The reason is that Vertcoin has been steaming up the list of coins by market cap on Cryptocoincharts. Meanwhile Dogecoins performance has been rather lackadaisical either indicating a loss of meme....
Vertcoin does not think Zerocoin implementation would be a good move. Over the past few weeks, there have been rumors that Vertcoin could soon implement a variation of Zerocoin to enhance privacy and anonymity in this particular cryptocurrency. I recently talked with Paul Bradley, one of the developers of Vertcoin, to clear the air on what kinds of features we are going to see added to Vertcoin in the near future. While Bradley stated Zerocoin implementation is probably off the table due to the negatives outweighing the positives, there are are still a few privacy-enhancing features that....
If you didn’t know already, Vertcoin is an ASIC-resistant coin, one of the first coins I found out about andwrote about. Vertcoin with has been slowly dropping in market cap over the last few days, but that hasn’t discouraged the community with releases such as the Stealth Address, and now the POW change to Lyra2. Below is a short video explaining stealth addresses more in-depth. Vertcoin aims to be the cryptocurrency of choice for personal and business use. We were the first to offer Stealth Addresses protecting everyone’s right to privacy on the blockchain. We believe this to be a much....
Vertcoin (VTC) has been rising quickly over the past few days, a time when most major coins and alts have been flat. Earlier today Vertcoin was up roughly 325% over 24 hours, based on CoinMarketCap's stats. This brought its market cap over the $4 million mark and saw it reach 14th position in the rankings of mineable coins. Not bad for a Litecoin fork released on the 8th of January 2014. Vertcoin chart on CoinMarketCap. Before dismissing Vertcoin as just the latest pump and dump, it's worth noting that it does have an active development team, engaged community and - most importantly - at....