VTC/USD - Major Breakout! Price Doubled. What is going on? 👇
Vertcoin pumped 100% and doubled in price overnight.
There are some rumors going around that VTC could be listed on some major exchanges. Possible, but unlikely until we hear more.
However, what IS REAL and could explain this is related to ETH merge and VTC being the BEST Proof of Work coin out there.
If VTC goes above $2 then this coin will be the best coin you can mine with GPUs!
This is big, particularly because after ETH merge is completed (i.e. ETH goes from PoW to PoS), all ETH miners will look to VTC and other PoW coins to plug in their GPUs.
This is very bullish for VTC which could get some nice exposure suddenly.
Not bad. Whales may accumulate in anticipation.
There is also another aspect. In Dec 2021, VTC had its last halving event... which usually leads to a pump within 6-12 months, just check BTC.
Could VTC pump due to supply shock? Maybe.
Let's see if VTC can hold above 0.40 cents first.
Bias is bullish on this price action, volume also looks sexy.
Like and follow if you liked my idea!
There are some rumors going around that VTC could be listed on some major exchanges. Possible, but unlikely until we hear more.
However, what IS REAL and could explain this is related to ETH merge and VTC being the BEST Proof of Work coin out there.
If VTC goes above $2 then this coin will be the best coin you can mine with GPUs!
This is big, particularly because after ETH merge is completed (i.e. ETH goes from PoW to PoS), all ETH miners will look to VTC and other PoW coins to plug in their GPUs.
This is very bullish for VTC which could get some nice exposure suddenly.
Not bad. Whales may accumulate in anticipation.
There is also another aspect. In Dec 2021, VTC had its last halving event... which usually leads to a pump within 6-12 months, just check BTC.
Could VTC pump due to supply shock? Maybe.
Let's see if VTC can hold above 0.40 cents first.
Bias is bullish on this price action, volume also looks sexy.
Like and follow if you liked my idea!
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