As an investor, miner, and enthusiast, I’m always looking for upcoming cryptocurrencies that will outperform Bitcoin. This is an important caveat because you can invest in a cryptocurrency and make more USD but actually lose Bitcoin. This happens when Bitcoin appreciates in value faster than your crypto. One of the only ways to outperform Bitcoin is to invest in “altcoins”. (An Altcoin is pretty much any cryptocurrency other than Bitcoin)

The altcoin market is definitely a hectic market to invest in. There are a lot coins that are literally scams and you should not invest even a cent in. But there are coins that have strong engineering teams and communities, who are genuinely passionate about what the mission of their cryptocurrency is. This is what I call the fundamentals of the coin: team, engineering ability, and community’s vision. The second factor I consider is if the coin has begun to “break out” technically, meaning new money is flowing into the coin and price action of the coin is extremely bullish. A combination of these two factors for me are enough for me to consider investing and create the conditions for what I call a mega bull rally.

I believe Vertcoin ($VTC) has the conditions for a mega bull rally in 2018 parallel to Litecoin’s ($LTC) 2017 performance.

Litecoin was one of the biggest performers of 2017, with YTD gain of +2,790.14%. For reference, Bitcoin performed +1458.87% YTD.

For a long time, Vertcoin has had the fundamentals: strong developer team and awesome vision. Checkout their github to see or the reddit community! Vertcoin’s code was actually forked from Litecoin. The differential of the coin is that the developer’s have made their coin “ASIC” proof meaning miners can mine with GPUs but not with single purpose ASIC chips. ASIC chips are generally more expensive than GPUs and can only serve one purpose. This creates a higher, economic barrier of entry for smaller miners. By allowing small miners to coexist with bigger miners, the coin will be more decentralized and thus more secure.

From a technical analysis perspective, Vertcoin has also experienced a major influx of new money, rallying from $2 to $10 on high buying volume.

However, what I think is particularly interesting about Vertcoin and what it makes it a long term investment for me is the historical statistical similarities to Litecoin: