Bitcoin (BTC) is back above $7000 and with talk of an upcoming Bitcoin ETF, there is a good chance that the bear run is over. This means that it could be a good time to stock up on solid altcoins, those that have a good chance of growth in the long-run. That’s because when bitcoin (BTC) performs well, altcoins tend to perform better. One altcoin that has some good chances of growth in a bull market is Viacoin (VIA). It has the fundamentals that could see it rally harder than the rest of the market.
One of the key aspects to Viacoin that makes it a good candidate for growth is its supply. Viacoin (VIA) has a supply of only 23 million coins. This means that a surge in demand would be chasing a very limited number of coins. Supply always matters because a project may be great but if there are billions of coins in the market, chances of a significant rise in price are minimal. A capped and low supply is the main reason why bitcoin (BTC) is where it is today. If there were a billion bitcoins in circulation, chances are that it would be trading at under $5 at the moment. Therefore, this low supply gives Viacoin (VIA) the leeway to easily get to $100 if crypto moons.
Viacoin is also supported by the fact that it can be stored on Trezor’s hardware wallet. This is a big deal because it attracts long-term investors into Viacoin (VIA). Most altcoins fail to attract long-term investors because there is no way to store them, other than leaving them in an exchange. With all the risks that storing coins on exchanges carry, many long-term investors avoid coins that can’t be stored in cold storage wallets. Besides, Trezor rarely adds altcoins, and the fact that they support Viacoin (VIA) indicates that it is a strong coin, one that stands a good chance to grow exponentially as the market rebounds.
It also has some interesting features to it, which sets it apart from most cryptos in the market. Viacoin (VIA) is designed for micropayments, and everything about it conforms to its goals. For instance, Viacoin (VIA) can handle up to 100 transactions per second, and transactions are almost instantaneous, and at a very low fee. Viacoin (VIA) also allows for atomic swaps, which means that you can exchange your Viacoin (VIA)’s for any other cryptocurrencies without having to go through an exchange. It is also compatible with the lightning network, which mens Viacoin can handle millions of transactions, without affecting the integrity of the network. These are features that many other cryptos are trying to achieve, and the fact that Viacoin has achieved them, gives it a huge boost in intrinsic value.
Also the fact that Viacoin is an UTXO blockchain gives it an edge in the market. UTXO blockchains like Viacoin, Bitcoin, Litecoin and Digibyte are more secure and decentralized. This gives them an element of stability that makes them perfect for adoption for business.
In essence, Viacoin (VIA) stands a good chance to get adopted, a factor that will contribute to its overall growth in crypto space. It definitely has the fundamentals to hit $100 in 2018.