Vericoin started in 2014, essentially as a Blackcoin clone (if memory serves). The development team (Patrick Nosker, Doug Pike, and David Boehm) has been very active over the years and still all work on the project.
And the price: Looking at the chart, you will see five (5) price bubbles I am calling attention to since 2014. Since then, the price has never really dropped below 2000 sats, and bottoms are typically found around 4500 (the red accumulation rectangle). These bubble cycles vary, but seem to last around 1 year; we are currently around half a year on the downward trend of a cycle. If you were to average in between 4500 and 2000 sats on your buys, you would have an average buy in price of 3250. Based on the history and using 3250 as a base, this coin has a high likelihood of a jump to at least 200%. I see at least 5 times it has entered and exited the accumulation zone and hit this 6500 level. Additionally, I see 10 times it has broken the 13000 level (400%), and Four of the Five aforementioned bubbles have broken the 26000 level (800%).
This is not investment advice, but the history is evident. Do your own research and good luck trading.
And the price: Looking at the chart, you will see five (5) price bubbles I am calling attention to since 2014. Since then, the price has never really dropped below 2000 sats, and bottoms are typically found around 4500 (the red accumulation rectangle). These bubble cycles vary, but seem to last around 1 year; we are currently around half a year on the downward trend of a cycle. If you were to average in between 4500 and 2000 sats on your buys, you would have an average buy in price of 3250. Based on the history and using 3250 as a base, this coin has a high likelihood of a jump to at least 200%. I see at least 5 times it has entered and exited the accumulation zone and hit this 6500 level. Additionally, I see 10 times it has broken the 13000 level (400%), and Four of the Five aforementioned bubbles have broken the 26000 level (800%).
This is not investment advice, but the history is evident. Do your own research and good luck trading.
Trade active:
First round of buys hit... here's to hoping.
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Prices really holding strong at these levels (4500-4300)... slowly approaching that mid cycle point. Hopefully we get a low spike.
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Dropped below 4000 (low of 3853 on bittrex). Almost to the 200 day mark, and hopefully the start of the reversal.
Comment:
Hit 3500 last night and more buys filled. No signs of reversal yet... stick to the plan.
Comment:
Bounced up from 3500... and now about 200 days in... hopefully history repeats itself and we start slowly recovering back to a new peak.
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This is where it gets scary 2000-2500, stick to the plan. Best of luck to those who dare to buy.
Trade active:
Looks like we found a bottom at ~2400. If history plays out again, it seems safe to bet on a run to 13000-26000 within a year (yeah I know, thats a long time)
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Comment:
higher low vs previous lower low consolidation (blue trend lines)... watching that 2230 level for a stop.