Vertcoin rose almost 100% during past 7 days reaching its peak on 22 October with the price of $4.60. At the moment of writing its price is $3.23 which is 50% higher than it was only 4 days ago. Why does the coin experience such a progress while most major currencies tend to drop?
One of the reasons is its integration with Ledger, announced by Vertcoin Development Team on October 19.This provides the opportunity to expose VTC to BTC and other coins holders for the first time.
Vertcoin is now available on the Ledger Nano S and Ledger Blue! pic.twitter.com/k71eAQBTvw
— Vertcoin (@Vertcoin) 18 октября 2017 г.
What is more, users decide to get involved with VTC because of the potential of Atomic swaps which can be carried out, and atomic swaps are useful when the coins are swapping between different currencies. For instance, Charlie Lee, the creator of Litecoin, gave a significant promotion to VTC, when he did the Atomic Swap with James Lovejoy, the lead developer of Vertcoin, and tweeted that it worked flawlessly.
— Charlie Lee [NO2X] (@SatoshiLite) 21 сентября 2017 г.
Also, the developers work hard on making it Vertcoin ASIC-resistant, they built up a social contract with the community to hard fork the mining algorithm if ASICs or FPGAs are ever detected.
Thus, Vertcoin is a growing currency, secured by its users, focused on decentralization and developing rather rapidly.