Vertcoin looks ready for prime time...

Litecoin was on a tear today, rising as high as $340 USD at one point.

Vertcoin, an altcoin that operates in a similar vein as Litecoin, experienced the halving on December 11. The mining block reward was reduced from 50 to 25, reducing the availability of new coins going forward. Other better-known coins, like Bitcoin and Litecoin, climbed in value after halving, but not immediately. It took a few weeks for the coins to make positive movement after halving.

Today was a spectacular day for Litecoin, and Ethereum is not looking so bad either. The big three coins are all doing great today. But at some point, traders will want to move gains into other coins with greater upward potential. Vertcoin was quiet today as many traders focused on Litecoin. Vertcoin, like a younger cousin to Litecoin, features many of the same attributes as Litecoin, but also provides the additional benefit of being ASIC-resistant - not mineable by powerful dedicated mining computers, but instead relying on everyday gaming computers to perform the task of mining. This enables greater decentralization for the coin's users.

Vertcoin's time to launch may again be approaching. This has happened before, soon after positive movement in Litecoin. It might be time to take profits out of Litecoin and into other contenders. Watch for this to happen soon!

*This is not professional trading advice - Just my opinion!

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