The currency almost tripled in price, from $0.25 in January of this year to $0.68 at its 2019 high on June 9th.
Vertcoin is one of the last bastions of GPU mining. The Vertcoin One-Click miner allows anyone to instantly begin mining cryptocurrency, without any prior experience.
The currency has a strong team at its core, with James Lovejoy as lead maintainer of the Vertcoin project. Lovejoy is also a researcher at the MIT Digital Currency Initiative, a division of the MIT Media Lab focused on cryptocurrencies and blockchain.
A strong community of developers, volunteers and donors have kept Vertcoin running through the downturn of 2018 and are working hard to return Vertcoin to previous highs of $9.97 back in the Bullrun of December 2017.
What is on the Horizon for 2019?
In a recent development update, the Vertcoin team has shared their progress of the 2019 roadmap.
Verthash is a new mining algorithm the development team is working on. The algorithm is being tested internally and development is entirely community funded. The new Proof-of-Work algorithm requires miners to store the entire Vertcoin Blockchain, a total of 4.74 GB at Block Height 1,160,350.
Vertcoin also just released a re-design of their website, focusing on ease of use and a simple design rather than being flashy.
The team is also in the process of founding the Vertcoin Foundation, aimed at supporting and funding the further development of Vertcoin.
Marketing efforts have been ramped up and Vertcoin has started advertising through Google. All KPIs of the campaign are shared on the current development update and the entire campaign has been funded by donations from the community.
When to buy?
Down 94.40% from its All-Time-High from back in December 2017, Vertcoin has had a stellar past six months with a 91.26% growth since January.
Getting listed on more exchanges could lead to a large influx of new investors and a short-term price increase, however, the team has shown their focus is on long-term growth rather than short-term gains.
The Marketing efforts by the community paired with its current price make Vertcoin a solid addition to any medium or long-term portfolio.
*This article is the opinion of the author and should not be seen as financial advice.*
More Information: Terms & Conditions