Vertcoin, a once little known altcoin created in the spirit of being a grassroots "people's coin", experienced a burst in trading activity last night. Within moments of being launched on the Korean exchange UpBit, Vertcoin increased in USD value by about 50%, later settling around $5.50 USD per coin or about 0.00058 BTC.

Buying sprees of a cryptocurrency upon entering the Korean market are not unprecedented. In fact, once available on the Korean market, many coins have sustained solid increases in value. This could be the beginning of a substantial rally for Vertcoin.

The main appeal of Vertcoin is its lofty goal of ASIC-resistance to achieve true decentralization, along with many features such as compatibility with the Lightning network, extremely fast and cheap transactions, frequent block mining adjustments, and future features such as stealth addresses. It is a strong contender for a spendable, scalable coin.

This week may see further growth in the Korean market. It is very likely to grow within hours, in fact, when most Korean traders awaken to a Monday morning with a newly accessible coin on their local exchanges.

*This is not professional trading advice! Do not risk what you can not afford to lose.

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