VeriCoin Hits Market Cap of $13.79 Million (VRC)

VeriCoin (CURRENCY:VRC) traded up 6.7% against the dollar during the 24-hour period ending at 5:00 AM Eastern on March 16th. VeriCoin has a market cap of $13.79 million and $657,108.00 worth of VeriCoin was traded on exchanges in the last day. During the last week, VeriCoin has traded 4.1% higher against the dollar. One VeriCoin coin can now be purchased for about $0.45 or 0.00006417 BTC on major cryptocurrency exchanges including Bittrex, CoinEgg, Cryptopia and Bleutrade.

Here’s how similar cryptocurrencies have performed during the last day:

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  • SaluS (SLS) traded up 8% against the dollar and now trades at $48.21 or 0.00692998 BTC.
  • ECC (ECC) traded up 15.4% against the dollar and now trades at $0.0008 or 0.00000012 BTC.
  • Linda (LINDA) traded down 0.3% against the dollar and now trades at $0.0013 or 0.00000019 BTC.
  • PoSW Coin (POSW) traded 8.2% higher against the dollar and now trades at $0.26 or 0.00003697 BTC.
  • LoMoCoin (LMC) traded up 2.2% against the dollar and now trades at $0.0421 or 0.00000605 BTC.
  • OKCash (OK) traded up 15.3% against the dollar and now trades at $0.12 or 0.00001722 BTC.
  • Gambit (GAM) traded up 3.8% against the dollar and now trades at $7.03 or 0.00101000 BTC.
  • ToaCoin (TOA) traded 12.4% lower against the dollar and now trades at $0.0033 or 0.00000047 BTC.
  • Sphere (SPHR) traded up 1.7% against the dollar and now trades at $1.97 or 0.00028303 BTC.
  • Profile Utility Token (PUT) traded 10.8% higher against the dollar and now trades at $0.17 or 0.00002382 BTC.

VeriCoin Profile

VeriCoin is a PoW/PoS coin that uses the Scrypt hashing algorithm. Its launch date was June 7th, 2014. VeriCoin’s total supply is 30,904,809 coins. The official website for VeriCoin is www.vericoin.info. VeriCoin’s official message board is www.vericoinforums.com. The Reddit community for VeriCoin is /r/vericoin and the currency’s Github account can be viewed here. VeriCoin’s official Twitter account is @VeriCoin.

According to CryptoCompare, “VRC is designed to reduce the PoW phase and enter PoS phase quickly. With a steady block reward and block time of sixty seconds, the PoW phase is designed to finish after the first few weeks of launch – 10/05/2014. The PoS interest rate is dynamic and depends on how much the coin is held and staked in the PoS. The dynamic interest rate is pegged at a sensible level of between 0-3% roughly. The PoS interest is gained through transaction fees which are also distributed to the Vericoin fund – to aid in development and promotion of the currency. There was no premine. “

Buying and Selling VeriCoin

VeriCoin can be bought or sold on these cryptocurrency exchanges: Poloniex, Bittrex, Cryptopia, CoinEgg, Livecoin and Bleutrade. It is not currently possible to buy VeriCoin directly using US dollars. Investors seeking to acquire VeriCoin must first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy VeriCoin using one of the aforementioned exchanges.

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