The action that happened last night on mintpal was very similar to other large pre-pump action. There was a lot of downward pressure to bash the prices lower, get the panic sellers to let go, because larger forces are loading up at cheap prices for the first major PnD. The last few days have just been the getting onto mintpal cryptsy boom. There are some who see potential with this coin, and they're going to make it skyrocket before too long. It's the same action if you take the time to study other charts and orderbooks that DRK and XC have had lately. Given the traits VRC has, I can't see why it won't be equal to XC within the next week or two. (Full disclosure, I do on some VRC). I think a pump is coming, and I think it's going to be huge. Just my opinion, do your own research.
I hate to burst all your bubbles, but next week there will be a new coin released that is more "innovative" and has a "better story" to go with it. Volumes will switch to that coin for 2 weeks until next amazing coin is released.
Rinse and repeat.
There will always be another coin, true, but this one actually has real potential. Dynamic interest is the first real variation of the POS coins, and the low rate makes it possible to be a long term winner. This has a nice x11 Multipool that higher market cap coins are still trying to implement. It isn't a brand new coin, and yet, the devs are still working on it, which is better than many coins that become "community" coins by default, after getting dumped on the community and abandoned. Basically, the competition isn't that strong at all besides the top coins. Now, personally, I don't care about the anonymous stuff, but this coin will have it and it is being implemented in a way my tech advisors say is plausible. (Not just BS like many "Anon" Coins) Vericoin also has competent devs that are open and running an ongoing Q&A on Reddit. So we were able to check in more detail before investing. This coin also has a serious name and branding that I can actually recommend, and that people don't have to pretend there is an "illusion" of value, as there is some real value here.
PnDing and all the crap will happen to every coin of any potential value, and honestly, it happens to almost every coin Mintpal decides to add, check the charts, and it hasn't really happened for this one yet. That is beside the point though. If these guys keep doing the work this coin could go somewhere and hopefully last. Maybe end up a top ten coin, and certainly lower quality coins have made it farther at least for a time. It has all the right elements in my view, and no, another animal coin or color coin isn't going to make it to the top 10. People are sick of that crap. This is the first serious coin in a while that offers something new for the POS coins. Subjective of course, but this one looks to be one of the best for the POS coins in my view. Assuming the devs keep doing the work, which appears to be happening.
