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Here’s Why VeriCoin (VRC) Looks Set To Soar

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Vericoin image

At peak of play on January 11, 2018, VeriCoin (VRC) went for $2.61 a piece. From this peak, the coin has since dipped to $2.54 – a close to 3% decline. In the bitcoin space, a 3% move might seem inconsequential. This is the space, after all, where coins move hundreds of percentage points overnight and can reward thousands of percentage points in just a few weeks.

So why are we remarking on it today?

Well, because this dip, however small, represents a pause in an otherwise incredible run for the coin and the company behind it which, in turn, might represent a nice opportunity to pick up some tokens at a discount (or, at least a steady accumulation price) before things once again start to run.

So, does it?

Let’s take a look.

This is one of those coins that (in all likelihood) many readers won’t have come across before – it’s ranked 224th on CoinMarketCap right now – so before we get into out expectations going forward, it’s worth offering up a bit of background.

VRC Daily Chart

VRC Daily Chart

So, Vericoin is very similar to legacy cryptos like bitcoin and Litecoin in many ways. It’s designed as a transaction token and it’s tradable across a number of major exchanges. It also differs in a few key areas, however.

The coin works on its own protocol PoST (Proof-of-Stake-Time), which makes it a lot faster than bitcoin (in many cases, instant) and again unlike bitcoin, holders gain interest just as they would in a savings account by leaving their digital wallet running on their computer.

This adds a store of value use case to the equation.

There’s also what’s called Verium, which a purely digital commodity which runs on its own unique protocol, what’s called PoWT (Proof-of-Work-Time). This is a key part of the investment thesis for VRC – Verium solves the blockchain scaling issue by introducing a new variable block-time paradigm that speeds up as mining power increases. This means that, unlike bitcoin, where volume increases have translated to high transaction fees and slow processing times, Vericoin doesn’t suffer from scaling issues.

As anyone who has tried to transact in bitcoin over the last month or so will know, that’s a big deal.

So with that all noted, why is the coin running right now?

Over the last couple of weeks, management has made a real effort to push development updates into the hands of the market. We’ve seen interviews, a new website, a fresh Slack and Telegram channel push and a listing on StockTwits for both Verium and Vericoin.

We’ve also got word of a new miner launch, which promises an up to 20% increase in mining speeds. Further, Patrick Nosker, the guy behind Vericoin, stated that 2018 is the year the company steps up marketing and technology development to return to the top 20 market cap (and in his own words) “like the good old days.”

Take all this together and you get a part of the puzzle in place that’s previously been missing from Vericoin’s push towards dominance in its target market – a commercialization push that seeks to bring on new users.

That this has been missing to-date isn’t necessarily a bad thing, of course. Many of these sorts of coins carry out a huge marketing push before perfecting the technology and then crash when things go wrong. Vericoin has done things the other way around. The company has got its technology to a point where scale isn’t an issue and quality is commercial-grade and then it’s pushing to onboard adopters.

For us, that’s the right way to do things and it’s the driving force behind our bullish bias on VRC right now.

And don’t take our word for it – take a look at the company’s adoption stats here.

We will be updating our subscribers as soon as we know more. For the latest on VRC, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.


Image courtesy of Vericoin.

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META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

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Boca Raton, Florida, 27th October, 2020, // ChainWire //

Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights 

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom. 

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty. 

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions…

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Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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ONGX – Tokenized Ownership of Pharmaceutical Facility Listed on HOBIT.io

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OncoGenerix.io and OGInvest Limited have announced that the ONGX Token will be tradable via the Hobit.io exchange. The ONGX Tokens are built on the ERC20 blockchain protocol, serve as a SAFE (which stands for “simple agreement for future equity”), and will be exchangeable at the option of the investor for equity-token securities.  The ONGX Token offering is a first-of-its-kind digital investment opportunity, the company stated, as it offers tokenized ownership of a pharmaceuticals manufacturing facility. Through ONGX Tokens investors have an opportunity that is typically available only to industry insiders and large investment firms, the company stressed. 

“We are excited to see OncoGenerix.io work with Hobit.io, as we believe it is a strong ecosystem to provide ONGX investors with potential liquidity. We believe ONGX is the pharma industry’s largest digital offering to date, as measured by target investment size, underlying valuation, and production capacity of the asset. The ONGX Token brings pharma production investments to a much larger audience and democratizes the pharma investment opportunity,” said the president of Hobit.io Mr. K. Holtser.

Hobit

The OncoGenerix project anticipates to benefit from a combination of the OncoGenerix plant’s strategic location, favorable valuations of pharma manufacturers, and continued global pharma market growth. As a novel and generics pharma producer, OncoGenerix specializes in injectable…

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