Vertcoin (VTC) has been trending downwards since the start of May and has fallen steadily until now. The coin that was once priced at $10 is now plummeting to a new low at $0.4208. But this does not mean that VTC is about to disappear in the near future. The latest VTC price prediction reveals a bullish market in the coming days.
Vertcoin Price Prediction 2022
Vertcoin (VTC) was launched in 2014 and has been working hard since then to improve its position in the cryptocurrency world. It’s currently ranked as the 740th most valuable cryptocurrency with a market cap of $26,684,425.
The Vertcoin price is forecasted to reach $2 by 2022. The expected maximum price is $3, minimum price $0.8. The Vertcoin price prediction for the end of the month, $0.5. The Vertcoin price prediction for the 2023 is $3-$4.
Reasons for choosing Vertcoin
Vertcoin is a peer-to-peer cryptocurrency and software project. Launched in January 2014, it is the first coin using Lyra2RE as a hashing algorithm. Vertcoin’s goal is to become a decentralized payment system that is fast, efficient and scalable. This is accomplished by creating an ASIC-resistant blockchain that can be mined with consumer-grade hardware, so that anyone can participate. Vertcoin also has a small premine of 8,000 coins (1% of the total supply). The Vertcoin developers donated these coins to encourage development and initial distribution. The lead developer of Vertcoin, James Lovejoy, has said that he will never dump his premined coins.
Why Vertcoin is undervalued
Vertcoin is one of the most undervalued cryptocurrencies. Vertcoin is a peer-to-peer cryptocurrency and software project. It is a decentralized network, with no central authority or middlemen.
Vertcoin has a faster block time of 2.5 minutes as opposed to Bitcoin’s 10 minutes. This means that transactions will be confirmed about four times faster. In addition, the Vertcoin network has a larger coin supply of 63 million coins (compared to Bitcoin’s 18 million).
How fast can Vertcoin rise
The most important thing you need to understand is that every cryptocurrency is different. Some are more mature than others, some have more advanced technology, and some demographics of people are using them. As such, there is no single answer to how fast a coin will rise.
It is very difficult and impracticable to state which cryptocurrency will come on top in the future, and Vertcoin (VTC) can be a strong contender for that. Investing in this coin means a great deal of risk and no guarantee for return, however, but for anyone interested in the cryptocurrency market, this might be a good start.