How to determine which altcoin has the most potential?
- Pre-mine / ICO / Token>
- Age
- Fundament
- Recognition
- Development
- Community
- Price
Pre-mine / ICO / Token
- Premine was a popular funding method. Developers premining coins, which they then distributed for listings, marketing and other things related to the development of the coin. In many cases, the developers pumped the price and sold the pre-mined coins for their own profit. The era of Pre-mine is over.
- ICO or Initial Coin Offering was a popular method of raising funds before the launch of a new coin. Many scam projects took people’s money. The era of ICOs is over.
- Tokens are very popular, but they can also be quite risky.
Age
- How old is the project?
- The past years stand in the future potential of the altcoin.
- Adherence to the fundamentals over the years is always a guarantee of trust.
Fundament
- What happened when the coin was launched?
- The strong Fundament stands in the future potential of the altcoin. The founder of Binance (the largest crypto exchange by trade volume) Changpeng Zhao (CZ) said…
Lesson learned:
In bull market, look at fundamentals.
Also:
In bear market, look at fundamentals.
Well:
Look at fundamentals.
— CZ 🔶 Binance (@cz_binance) June 18, 2022
Recognition
- How recognizable is the altcoin?
Development
- When was the last core wallet update?
- How many developers are working on the project?
Community
- Are there people who support it and share the vision of the altcoin?
- How large is the community?
Price
- The price at the launch of the coin?
- The price during the recent bear markets?
- The price during the recent bull markets?/li>
Which altcoin has the most potential?
Vertcoin (VTC) is the altcoin with the most potential.Why Vertcoin (VTC)?
In the following lines, I will tell you why I think so.Premine / ICO / Token
First Vercoin is not a Token! Vertcoin is GPU mineable Coin, just like Bitcoin! Fairly distributed without ICO, airdrop, or pre-mine.The age of Vertcoin
Since 2014. The Vertcoin’s blockchain has been running for over 8 years.Vertcoin Fundamental Analysis
The potential is embedded in the fundamentals. Satoshi Nakamoto launched Bitcoin in 2019. In the early years anyone could mine bitcoins on their personal computer. At a later stage, FPGA and ASIC farms came to the Bitcoin network and Litecoin emerged in 2011 as an alternative that would fight against ASIC farms. A few years later, Litecoin also failed and ASIC farms entered the Litecoin network. It was at this point that Vertcoin was created. Since 2014 Vertcoin is the coin that fights against centralization and ASIC farms. Vertcoin uses an ASIC-resistant proof-of-work mechanism to issue new coins and incentivize miners to secure the network and validate transactions.
“Hey, can you go slow with this? <..> Look, I don’t care if people hoard the Bitcoin, I don’t care if the wealth is concentrated. But right now, the big attraction is that anybody can download Bitcoin and start mining with their laptop.”- Satoshi Nakamoto, 2010
Verthash is the last Vertcoin mining algorithm
Verthash’s potential is huge! With Verthash, Vertcoin mining remains ASIC-resistant, and miners can only operate using a GPU rig, which is relatively cheap hardware compared to ASIC. The Vertcoin mining algorithm is like a SPA for your GPU:- GPU 2GB + (no need to invest in expensive hardware)
- Every gamer can mine Vertcoin while playing games in the background (2 in 1)
- Energy efficient (RTX 4090 = 200w)
- It is so easy to mine VTC in the background (easier mass adoption)
The Vertcoin Hard Fork From Lyra2REv3 to Verthash was successful! Vertcoin would like to welcome miners to a brand new algorithm in the GPU Mining space.#Vertcoin $VTC #Verthash #GPU #Mining #cyrptocurrency #Crypto #cryptotwitter pic.twitter.com/d1V4i1Inah
— Vertcoin (@Vertcoin) January 30, 2021
Vertcoin Recognition Analysis
There are many altcoins! How many of them can you list on a piece of paper? There is no person who is in crypto mining and does not know Vertcoin. VTC is top mineable coin on whattomine.com Since 2014 Vertcoin is the People’s coin. Why? Because it is available to everyone and the average person with an average computer can also mine it. Everyone has said to themselves “Why didn’t I learn about Bitcoin earlier, I would have mined so many coins.” Now everyone has this opportunity with Vertcoin.“Mine Vertcoin at home using your computer, the way Bitcoin was meant to be.” – Vertcoin.org
“Vertcoin is not funded nor controlled by any entity, it is simply an open source GPU Bitcoin variant that mirrors BTC development.” – Vertcoin.org
Vertcoin Development Analysis
There are many altcoins that claim to have potential, but in recent years these projects don’t have new updates on Github repo. After more than 8 years, VTC is NOT abandoned. Vertcoin is quite alive and updated regularly. As an open source project the entire development can be tracked. Just like Bitcoin! Here are some details:
- Vertcoin Core Wallet – The Vertcoin volunteersupdates the Core wallet regularly, as you can see on Github – https://github.com/vertcoin-project/vertcoin-core/releases
- Vertcoin One Click Miner – Vertcoin volunteers updates the One Click Miner regularly, as you can see on Github – https://github.com/vertcoin-project/one-click-miner-vnext/releases
- Electrum-VTC – Vertcoin volunteers updates the Electrum-VTC regularly, as you can see on Github – https://github.com/vertcoin-project/electrum/releases
Vertcoin has several very good developers and as an open source project, anyone can get involved in the development of Vertocoin.
- Contributors
https://github.com/vertcoin-project/vertcoin-core/graphs/contributors (It also includes Bitcoin contributors, because nowadays Vertcoin is a Bitcoin fork)
Vertcoin follows Bitcoin development
- SegWit – https://twitter.com/Vertcoin/status/900600735401861120
- On-chain Atomic Swap – https://twitter.com/SatoshiLite/status/910679160695091201
- Lightning Network – https://twitter.com/vertcoin/status/861281502260326401
- One-Click Submarine Swap – https://twitter.com/vertcoin/status/1356611830236512264
- Taproot – https://twitter.com/vertcoin/status/1433338630106451969
Vertcoin Community Analysis
The potential of an altcoin comes not only from the technology, but also from the community behind it. There are many altcoin communities, but if you go into their crypto Discords and ask a question, it’s very likely that they won’t answer you for days. Many users, but not really active. This does not apply to VTC, the Vertcoin community is quite active from all over the world and in every time slot there will be someone to answer your questions.
- Twitter: 57.5k followers – https://twitter.com/vertcoin
- Reddit: 43.9k members – https://reddit.com/r/vertcoin
- Discord: 7.4k members – https://discord.gg/vertcoin
- Facebook: 9.8k followers – https://www.facebook.com/vertcoin
- YouTube: 3.0K subscribers – https://www.youtube.com/vertcoin
- Telegram: 900 members – https://t.me/Vertcoin
As you can see the Vertcoin community is large, with the most active users on Discord, Reddit and Twitter. If you have any questions about Vertcoin, join on Discord and someone will help you.
Vertcoin Price
According to coinmarketcap.com there are 21,481 altcoins. Many of them (mostly tokens) are created with a single purpose, namely to be sold in the coming months and then the project dies. These are crypto scam projects make the founder even richer. A small part of all altcoins have very high potential. If you go to web.archive.org and see the front page of the coinmarketcap.com you will notice that the top 100 cruptocurrency have changed.
Vertcoin is completely different. No Premine, No ICO, No Airdrop! The founder of Vertcoin left the project in the early years and now the project is run by volunteers. Vertcoin volunteers are passionate supporters of decentralization in cryptocurrencies. The price moves as the market decides.
On the graph, we can see that at the launch of Vertcoin in 2014, the price literally exploded. Apparently people needed a new truly ASIC resistant coin.
According Coingecko.com
- Vertcoin ATL (All-Time Low) is around $0.006
- Vertcoin ATH (All-Time High) is around 9.80
- Vertcoin Market Cap is $11,640,273
- Vertcoin Price Today (10.24.2022) is $0.18
You may notice the small market cap of Vertcoin.This is part of the key to which altcoin has the most potential.
- Ethereum has 14,000x Market Cap $163,282,184,767
- Dogecoin has 674x Market Cap $7,853,282,701
- Litecoin has 322x Market Cap $3,756,502,862
Final words
Which altcoin has the most potential? – Vertcoin
- ASIC-resistant proof-of-work mechanism
- Easy mining setup with One Click Miner
- Can be mined on a regular computer with 2GB GPU
- You can mine Vertcoin in background while playing games
- Low price to date for opening a long position
- Small market cap
- Easy mass adoption (People usually don’t turn off their PCs, they just need to install one click miner and mine Vertcoin in the background)
- Many volunteers
*The article “Which altcoin has the most potential?” is not for investment purposes. Do your own research – DYOR
I am a crypto journalist and blockchain expert. I like technology and started reading about bitcoin in 2013. Crypto is my passion and I like to write about cryptocurrencies.
P.S.
When I wrote the article “Which altcoin has the most potential?” I analyzed statistics from various reliable sources. Always verified information from the Genesis code.
