LET'S RECAP SOME OF THE PROGRESS OF EVERGREENCOIN 'EGC'1.0 Increase in EGC Volume, Market Cap and Price Beginning August 2016Good Morning, Day or Evening EGC Community (depending where in the world you happen to be),
At the beginning of August 2016, the value of EvergreenCoin 'EGC' began to show noticeable upwards movement past 6000 Satoshis and on the 5th of August, EGC price took off!
Not since the middle of March this year had we seen our first positive price spike between 3k to 6k Satoshis. However, in the period that followed between April 2016 to June, as EGC caught the attention of new Miners and Investors who came onboard, EGC also fought through various 'Trial by Fire' challenges during the Proof of Work (PoW) phase of an emerging crypto-currency that can either make or break an Altcoin.
Amid constant PoW Miner sell-offs, 51% attacks and challenges to secure and maintain the correct EGC blockchain, people continued to believe in the EvergreenCoin Project and the original EGC Core Developer, Steven, worked tirelessly to keep everybody on the correct blockchain.
Steven recompiled several wallet updates during this time, and made new wallet downloads available to the community when necessary to secure the blockchain.
The Core Developer of EvergreenCoin even helped EGC community members and investors 'individually', one-on-one (including me) to help keep our wallets working!
And We Survived!
But we survived not without all of these 'tests' affecting our price, which hovered as low as 200 Satoshis (0.00000200 BTC) for a while during these difficult months. We managed to climb to 700 sats, then 1000 Satoshis, and throughout June-to-July our total Market Cap was a much lower $14000 USD.
You could say at the time, the first page of
www.CoinMarketCap.com for EGC was nowhere in sight.
However, we all kept the EGC network running long enough to safely make the transition between Hybrid Proof-of-Work and Proof of Stake (PoW+PoS), to PoS only.
And the EGC network and wallet has been stable ever since... (It's still important to be vigilant and remind ourselves that in Crypto-land there will always be technical issues and problem-solving challenges to confront).
Today, with the support of the core Developer and the broader community, EvergreenCoin 'EGC' has a Market Cap of over $1M USD and for a short time we have been the highest Volume Coin on exchanges like www.Bittrex.com, even ahead of the volume of Ethereum (ETH | www.ethereum.org) and it's original blockchain sibling Ethereum Classic (ETC | www.ethereumclassic.github.io).Featured Image (Above): EvergreenCoin Position No. 64 on the 'First Page or Top 100' Crypto-Currencies on www.coinmarketcap.com 16 August 2016 AEST +10:00 GMTFor a Direct Link to the EvergreenCoin 'EGC' information page on CoinMarketCap.com, please see the link below:
LINK: http://coinmarketcap.com/currencies/evergreencoin/The significance of EvergreenCoin 'EGC' is this project is driven by an idea which is 'important' and EGC is supported by a mature, level-headed Developer Team and willing community of enthusiastic members and investors. ...In the case of Merchandising for EGC T-Shirts or even bumper label/stickers, various community members haven't waited, they simply went out and took the initiative and did it!
And so the significance of EvergreenCoin 'EGC' as one of the top contending Altcoins positioned as an alternative to Bitcoin (BTC | www.bitcoin.org) is that EGC is a Crypto-Currency project branded and focused on 'Green Business Initiatives (i.e 'The Emerging Green Economy') alongside Green Environmental Causes. As one of the Web Developers behind EGC in association with the Original Developer and Founder of EvergreenCoin, Steve, I believe it is important for us to be tracking the progress, evolution and history of the EvergreenCoin 'EGC' Alt-coin crypto-currency.
For this reason, much of the information I post here, is actually intended for the next iteration of the website '
www.evergreencoin.org' as well. So please, be my Guest and read on.
For information regarding SCiFi Domain's community introduction to join the EGC Development Team (July 8, 2016), please see the link below:
LINK: https://bitcointalksearch.org/topic/m.155191092.0 Collecting Records of EGC's Early August 2016 Performance2.1 - On August 5, 2016, EGC passed 12k on Bittrex
2.2 - On August 7, 2016, EGC passed 18k on Bittrex
2.3 - Monday, August 8, 2016: EvergreenCoin 'EGC' (
www.evergreencoin.org), now solidly in the Top 100 World Crypto-Currencies List on
www.CoinMarketCap.com comes within range of the only other Energy-Friendly focused Crypto-currency in the Top 100, 'Solarcoin' SLR (
www.solarcoin.org).
2.3 - On August 9, 2016, EGC peaks at 73.5k on Bittrex (Reports of 96k being temporarily reached at
www.YoBit.net). Incredibly, we become the highest volume trading coin on
www.Bittrex.com ahead of Ethereum 'ETH' and Ethereum Classic 'ETC'.
2.3.1 - The view of August 9, 2016, on the 'First Page / Top 100 World Crypto-Currencies' according to
www.CoinMarketCap.com. EGC Reaches Position No. 31!
2.3.2 - The view of August 9, 2016 EvergreenCoin Official Page as seen on
LINK: https://coinmarketcap.com/currencies/evergreencoin/ Market Cap Tops Off Now at $5M USD!
It was an amazing start to the week for EvergreenCoin 'EGC'. And although profit-taking and selling-off of EGC has occurred since bring our price back down to as low as 11k with support stabilizing around 15k for most of the week, I think this price pump and investor confidence demonstrates what is possible for EGC.3.0 Previous EGC Predictions I Have Made in the Past Have Now Been Met3.1 - EGC Could Reach as High as 75K. Four months ago, I recommended that EGC shouldn't be sold for anything less than between 12k to 30k Satoshis! Today this is a reality...
LINK: https://bitcointalksearch.org/topic/m.144517073.2 - After the transition of Proof-of-Work (PoW |
https://en.bitcoin.it/wiki/Proof_of_work ) to full Proof-of-Stake (PoS |
https://en.bitcoin.it/wiki/Proof_of_Stake ) I commented that it would be important for us to increase our position on CoinMarketCap (
www.coinmarketcap.com) to encourage investment. Today EGC is proudly on the first page of CoinMarketCap. We are a Top 100 Crypto-Currency. It was great to be followed by 'Crysx' in the same Bitcointalk thread that PoS Stability would be vitally important to long term progress. The amazing thing is this has now come true!
LINK: https://bitcointalksearch.org/topic/m.154621413.3 - Comparing EvergreenCoin to Solarcoin and Looking at Supply, EGC has 4-times less available supply than Solarcoin, today (17 August 2016) priced at approx 10k or 9000 satoshis. Based on supply, EGC's speculative value could be upgraded to 40k or 0.00040000 BTC.
LINK: https://bitcointalksearch.org/topic/m.146885454.0 Looking Forwards: EGC Website Communications Overhaul & New EGC InnovationsThe magic and seed of an idea (pardon the pun!) with this unique Altcoin project is something that inspires us all at EvergreenCoin 'EGC'!
Other than Solarcoin, EvergreenCoin is the only true 'Green, Environmentally-focused' commercially-driven Altcoin Crypto-Currency to Bitcoin currently in the
www.CoinMarketCap.com Top 100.
I believe the new fair base price for the market value of EGC now is between 25k to 30'000 sats (0.00025000 BTC to 0.00030000 BTC).This is based on the basic credentials of a quality Altcoin Brand Concept, a good community, a stable network with Windows, Mac and Linux wallets, and a limited supply of 13M coins. We have to remind ourselves that EGC is still relatively scarce. This is also based on our Web Communications as they are now, prior to a new online presence website (with improved communications & features) and announcements of further pending EvergreenCoin 'EGC' innovations in the works.
The fact remains now that EGC has soared towards 75k. If it has done it before, I'm sure that as we continue to move forward as a community to develop and support it, anything is possible for EGC and our value can be much higher again.
So I think we should aim to be a digital currency the market can rely on, and a Top 25 Position on CoinMarketCap or even higher should be our target going forward.
And the higher and more stable the value of EGC, the more viable it will be for a new and vibrant green business and enthusiast community to support EGC, and to accept it and trade it!
I look forward to sharing a new EGC online communications stategy and web presence with you all alongside Steven in the not too distant future.
EGC is growing!Sincerely,
David
www.scifidomain.comWeb Developer
www.evergreencoin.orga.k.a. Portdavenport