My common sense says that since Vertcoin is better than Litecoin, it will eventually have a higher market cap than Litecoin, which means this is only the beginning of the value increase. Are there any flaws in such thinking?
This will never happen since ltc and btc are the only 2 coins which have massive support. VTC, like many other new coins, is just a temporary coin to earn (or lose) quick money.
btc is another class but do u know how ltc went 0.3 to 10 $ and why ? u give massive support me u they nothing else
LTC did not have that massive support before.. network hashrate was much much slower than this days. After decembers ATH at btc market, then network HR multiplied many times and right now on VTC there is HR about 4 GHs modified scrypt, which is like 8 GHs on normal scrypt and still GROWING HARD! In last hour there was increase about 1 GHs! Pretty impressive, huh?
Is this what you call lack of support?
I think every one is moving from all scrypt coins here and soon there wont be any reason to come back to normal scrypt coins as VTC is really technically superb, it has support and it is ASIC resistant..
I know there is huge hype, but it probably has its reason.. the value IS in this coin.. not elsewhere.. and deffinitelly not at billiardth copy paste premined clone coins that even though has quite huge market cap as well.. for example Mega Coin.. look how it will be eaten by VTC in few hours..
what has MEC ? nothing.. what has VTC? all.. yet, MEC is still slightly above in terms of market cap.. WHY? no reason for it.. VTC must hit first spots at coin market cap, that is just true and nothing else is going to happen...