Looking nearly unstoppable, Vertcoin glances at $10 USD and continues its steady climb upwards.

Normally, after hitting a psychological mark like $10 USD, a coin will experience a correction - a sell-off. This has not been the case with Vertcoin. Buyers of the coin appear to be hodling for bigger and better things.

The "halving" is rapidly approaching and will happen within days, possibly increasing the cost of Vertcoin due to the scarcity of new coins. Vertcoin Core also recently updated with numerous performance upgrades. In addition to these developments, it is possible that some crypto-investors are taking shelter in Vertcoin in anticipation of Bitcoin futures possibly hurting the value of Bitcoin, temporarily, at least. Soon after futures launch on December 10 on the CBOE, there may be a large shift in crypto-assets throughout the market, including movement to and from Vertcoin.

It appears that most buyers of Vertcoin are not also sellers at the moment - instead holding the coin for longer periods of time - indicating a further push upwards. It is a good time to hold Vertcoin and see where this momentum carries the coin. Buying Vertcoin may be challenging at the moment, as one would normally expect a bit of a sell-off. Nobody wants to buy a coin immediately before a sell-off. It will be interesting to see how long this bull run lasts.

source:

http://i.telegraph.co.uk