The Blockchain – powered VeriCoin (VRC) drops by -4.32% in 24 hours

May 21, 2018 - By Adrian Erickson

VeriCoin (VRC) had a bad 24 hours as the crypto declined $-0.0266152535999999 or -4.32% trading at $0.5889477912. According to Top Cryptocoin Experts, VeriCoin (VRC) eyes $0.64784257032 target on the road to $1.56916370009373. VRC last traded at Poloniex exchange. It had high of $0.6155630448 and low of $0.575810775 for May 20-21. The open was $0.6155630448.

VeriCoin (VRC) is down -18.24% in the last 30 days from $0.7203 per coin. Its down -35.53% in the last 100 days since when traded at $0.9135 and the annual trend is down. 200 days ago VRC traded at $0.6357. VRC has 30.96M coins mined giving it $18.23 million 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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