The post-Segwit Bitcoin mini surge has generated vast interest on numbers of altcoins and Bitcoin. Bitcoin reached new record high while other coins such as Ether, Dash, Litecoin and newcomer NEO has racked up vast accumulation interests.
However, there are numerous altcoins which fared weaker than the industry average in the light of strong Bitcoin run. The total cryptocurrency recorded another record market capitalization of $135 billions as of August 13.
There are some altcoins which have tremendous potential despite the current sluggish price trend. These could present great opportunities to pick up some cheap coins.
Read on my personal picked altcoins with greater potential as alternate digital coins market second coming wave for 2017. The listed tokens are not sorted in any particular order.
And all my analysis is my personal observation and should be not treated as financial advice. Everyone should further their own study before deciding any trade.
Verge (XVG) at the verge of breakout
Verge (formerly DogecoinDark (DOGED)) is a scrypt based alternative digital coin trying to capitalize the popularity of both Dogecoin and Bitcoin and combine it with the anonymous features of DASH. The block time is 30 seconds and the coin operates through Proof of Work.
Verge project was started around February 2016 and the development is well supported by a large community, capable devs and proper roadmap.
Verge (XVG) was downed to $0.002717 (5.85%) and 0.00000070 BTC (-3.57%) today after double digits skid the previous trading day.
Verge price has fallen by -71% from the June altcoins bull run. The price is currently pulling back from the critical price level around .00000070 BTC, technical rebound was widely anticipated. The technical MACD and DMI pointers are floating low in the bottom indicating possible of buying interest.
The XVG is in serious oversold position. The token has been sluggish for far too long since June to be precise. Rebound is imminent in my opinion. The downside seems limited and would be a great entry point at the moment.
— CoinPouch (@coinpouchapp) August 7, 2017
The Latest tweet taken from Verge Official Twetter @vergecurrency
Siacoin (SC) at hovering at 3-months low
Siacoin is another token that I followed for a long time. I started to accumulate Siacoin around 0.00000314 which I thought was good entry price.
Yet the price of Siacoin was taking further sold off as of today, the price loses another -15% against BTC and was traded last at 0.00000197 BTC, three-months low. In terms of USD, the price was at $0.007632 , an intraday price decreased of -6.8%.
These also broke further down crashed multi tiered bottom formation. The new critical support level is around 0.00000164 BTC. which should present another good entry point.
Siacoin is one of the cryptocurrency with clear ‘usability’ and purpose. It aims to provide a robust decentralized storage platform that challenges the current dominant cloud storage providers such as Google drive and Box. In the same aspect, it will also be competing in the same market with another up and coming new altcoin Filecoin, which just recorded a record ICO.
Nonetheless, Siacoin is a great prospect with its active development. Read and follow up Siacoin roadmap here. Numerous media coverage had been reporting on the Sia project and possibly pulling in more public interest soon.
PIVX Is Stuck in 3-months Rangebound Channel
PIVX is a proof-of-stake (POS) which offer great potential. The price is struggling along 2-months low. PIVX was traded at $1.98 (-1.53%) as well as 0.00051205 BTC (-9.87%) today.
The price crossing 100 moving averages consistently for the past 3 months. MACD and DMI strongly pointing to reversal trend.