Analysts covering VeriCoin (VRC) look at the 1.64% rise on August 13-14

VeriCoin (VRC) had a good 24 hours as the crypto jumped $0.000851711999999998 or 1.64% trading at $0.052912608. According to Global Crypto Experts, VeriCoin (VRC) eyes $0.0582038688 target on the road to $0.157033264973373. VRC last traded at Upbit exchange. It had high of $0.055041888 and low of $0.048015264 for August 13-14. The open was $0.052060896.

VeriCoin (VRC) is down -33.83% in the last 30 days from $0.07997 per coin. Its down -57.12% in the last 100 days since when traded at $0.1234 and the annual trend is down. 200 days ago VRC traded at $0.06621. VRC has 31.89M coins mined giving it $1.69M market cap. VeriCoin maximum coins available are . VRC uses Scrypt algorithm and PoST proof type. It was started on 07/06/2014.

VRC was designed to reduce the PoW phase and enter PoST phase quickly. With a steady block reward and block time of sixty seconds, the PoW phase finished after the first few weeks of launch – 10/05/2014. The PoST interest rate is dynamic and depends on how much the coin is held and staked in the PoST. The dynamic interest rate is pegged at a sensible level of between 0-3% roughly. The PoST interest is gained through transaction fees which are also distributed to the Vericoin fund – to aid in development and promotion of the currency. There was no premine.

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