The fourth decentralized social platform that caught my attention is called VibraVid. It's a YouTube-like media streaming platform where content creators and users earn crypto.
YouTube (2006 - present), the second most visited website on the planet, is the world’s largest video hosting service. 400 hours of new videos are uploaded to YouTube every single minute by 800 million unique monthly users.
YouTube has managed to attract larger audiences than television itself and has historically been used by independent creators and large media companies alike. Some of the most successful indie video producers have become multi millionaire celebrities in the process.
But things have changed. They have changed because YouTube is a social media platform and as a social media platform, YouTube is a high traffic advertising platform designed to engage and entertain the masses with the goal of obtaining advertising dollars.
While YouTube's advertising revenues are in the billions and tend to double every couple of years, established YouTubers report considerable losses due to increased censorship. Additionally, newcomers aren't able to join YouTube's Partner Program and monetize their channel until they reach 4,000 lifetime video views.
Discoverability vs. Quality
Most free streaming services make it rather difficult for talented creators to grow their viewership and monetize their content. As a result, an exorbitant amount of time, effort and resources is invested in marketing rather than the production of quality content.
As previously mentioned, blockchain technology, when compared to traditional business technology, has been developed to change the status quo by decentralizing business operations in favor of what is known as the P2P (peer to peer) sharing economy which rewards all its participants. In short, each income producing project is an economy in itself (i.e. ecosystem), consisting of a community of peers who are its beneficiaries.
VibraVid is here to provide an alternative to the existing model by rewarding content creators and users for their time and effort. Advertising revenues are distributed to both parties in exchange for content and traffic.
As a creator you can upload, store, market, rent and sell video and audio content. You can also sell merchandise and event tickets and accept tips from your fans. Additional ways to earn come from allowing ads to be shown with your content.
Creators with the most views earn higher rewards. To market your work and grow your fan base, you can offer bounties and prizes and feature your content.
You can also crowdfund your work projects on the VibraVid platform.
As a user, you earn cryptocurrency for watching and listening to content and for opting to view ads. You can also earn additional crypto for helping creators promote their work via bounties and prizes. If you choose to save your earnings instead of spending them right away, you'll earn dividends.
Who is it for?
VibraVid is a media platform for people who create and/or enjoy video and audio content, including music, film, entertainment, education, news, events and performances.
The BeatzCoin token
VibraVid creators and users will be able to stake BeatzCoin and earn dividends. The proper description for this type of coin, rather than being proof of stake (POS), is POLS (proof of locked stake).
Locking is a form of price control as it tends to reduce price volatility.
Instead of being dumped following a listing, the crypto is kept off the market for a predetermined period. Only a small amount is made available for trading which limits the supply, in theory, increasing demand.
A limited supply helps keep the price stable or leads to price appreciation. If demand exceeds supply, people determined to buy the crypto become willing to pay more to get it.
Either way, in order to earn dividends, owners must keep the token in a wallet, thereby locking the funds.
The VibraVid ICO is scheduled to take place in late 2018/early 2019 and will start with a pre-sale. KYC/AML are mandatory and a third party audit will be conducted post ICO, the results of which will be shared with investors.
In traditional finance, passive interest bearing investments include CODs, bonds and money market funds. You invest a certain amount and earn interest over time.
In the world of crypto, there are cryptocurrency coin markets which produce interest as well. Similar to dividends earned by company shareholders, coin owners earn interest over time in exchange for holding their coins in a digital wallet.
KCS & BNB
Two popular examples of this process are KuCoin Shares (KCS) and Binance Coin (BNB). Kucoin and Binance are cryptocurrency exchanges that encourage traders to purchase, transact with and save their proprietary coins and enjoy trading discounts and interest earnings. The business model has proven quite successful: BNB is at the top of the crypto charts at #18 and KCS at #50.
NEO & GAS
An alternative form of crypto interest is earned by Neo (NEO) holders who, instead of earning their interest in the form of NEO, actually earn Gas (GAS). At the time of this writing, NEO is at #13 and GAS at #90 and holders are said to earn an annual interest of about 9% by holding their NEO coins in a compatible digital wallet.
The crypto interest earning process is also known as cold staking. Dash (DASH), ranked #14 and perhaps the most popular staking coin, requires the ownership of at least one masternode consisting of 1,000 DASH coins. At about $250 per coin, that's a quarter million USD with an annual return of about 10%.
The trouble is the price volatility. At $242, Dash is $1,360 cheaper than it was 7 months ago, so if you bought 1,000 DASH at say $1,000 a piece back then and you're still holding, you're not going to earn your 10% next January unless we see a miraculous across the board market recovery.
This being crypto, it's all about reinventing ways we can capitalize our finances. There's, of course, a potential solution to the conundrum that may help calm the stormy seas of volatility and, hopefully, reduce risk.
The saying goes that the higher the risk, the higher the reward. In this case, however, it may be wiser to reduce the risk by investing only what we can easily afford to lose.
One way of doing this is to search for online staking pools. Staking pools are somewhat similar to cryptocurrency mining pools. A bunch of people add their coins to a large pool and earn a share of the reward (interest) based on their share of the holdings.
Cardano (ADA), currently ranked #8, is about 90% down ($0.15) from its ATH ($1.28) back in January 2018. Staking Cardano can be done through staking pools (staking.cardano.org), a staking enabled Ledger Nano wallet, or the Daedalus digital wallet. The staking process is described as a lottery with no minimums. According to CoinMarketCal, this coming September, Cardano will be accepted as a form of payment in 33,000 stores in South Korea.
NEM (XEM), ranked #16, is currently priced at $0.15 is over 90% down from its ATH ($1.89) back in January 2018. The New Economy Movement (NEM) offers a generous ongoing marketing bounty program (nem.io/community/marketing-bounties).
Staking requires the ownership of 10,000 XEM coins and is done on the NEM Nano wallet. Staking XEM is called 'delegated harvesting'.
It should be noted that XEM is neither a PoW nor a PoS coin. XEM is a PoI (proof of importance) coin which means that the percentage of your earned interest is dependent on your trust score which in turn depends on the number of XEM transactions you conduct. The more you use XEM, the more benefit there is for the project and you are rewarded accordingly.
Lisk (LSK), ranked #25, fell from an ATH of $37,27 in January 2018 down to $4.88, has lost over 80% of its value. Lisk is a dApps (decentralized apps) tool for developers and is about to migrate to mainnet. The project is based in Switzerland and has an enormous fan base with 186,000 followers on Twitter alone.
Like Bitshares and Waves, Lisk is planning to release its own DEX (decentralized exchange) this coming October. Lisk also has a dPOS (delegated proof of stake) system which by some interpretations is a notch too political, i.e. complicated, for the average trader/investor.
Too many cryptos?
Most cryto traders and investors want to know how much and for what length of time they have to invest to get a certain percentage gain out. That's about it. This is one of the reasons why there are so many cryptocurrencies to choose from.
Decred (DCR), ranked #27, is currently priced at $58.98, down about 50% from its ATH at $124.40 back in January 2018. It's a PoW/PoS hybrid and offers atomic swaps. Atomic swaps are direct, trustless trades between two parties secured by hash time locked contracts (HTLC). Staking is done via its digital wallet and is connected its lottery like voting system. Stakes are earned through active voting which is random.
The Decred project has plans for its own DEX (decentralized exchange) as well.
BTS & dPOS
It should be noted that staking in simple terms means having a stake which produces earnings and gives us a vote. One of the main features of blockchain technology is decentralization of decision making power and staking is one of the ways to achieve exactly that. Stakeholders form a consensus and vote on matters of importance.
BitShares (BTS), ranked #29 and currently valued at $0.18, is about 80% down from it ATH ($0.86) back in January 2018. BTS' dPOS (delegated proof of stake) is somewhat similar to KCS and BNB. BTS stakeholders own a share of the DEX (decentralized exchange).
Bitshares also feature a whopping 100,000 TPS (transaction per second) and offer things like volatility protection (SmartCoins), user issued assets (UIA), recurring and scheduled payments, and an affordable and rather generous referral program (bitshares.org/referral-program).
There's an upcoming Bitshares event in Amsterdam called BitFest and it's scheduled to take place around September 20th 2018.
Somewhat similar to Bitshares, Waves (WAVES) has an online and offline DEX (decentralized exchange). Additionally it features a Token Launches and lets you offer your own cryptocurrency tokens to be used as part of your customer loyalty program, crowdfunding and voting. Holding WAVES in your WAVES wallet earns you a small dividend. The project also offers a leased proof of stake (LPoS) option enabling staking (earning interest) without ownership.
WAVES is currently ranked #49 at $2.56, about 80% down from its ATH of $14.11 back in January 2018.
Upcoming events include the Summer Road Show in Moscow this coming August.
PIVX (PIVX), ranked #81 and priced at $2.02, is down about 80% from its ATH of $13.75 back in January 2018. PIVX is a privacy coin and its features include speed and security. Staking and voting is done directly inside the digital wallet. A built in DEX (decentralized exchange) and Invisible Internet Project (I2P) integration are in the works as well. Additional anonymity features can be found on their roadmap page (pivx.org/what-is-pivx/roadmap). Staking can also be done using a Ledger Nano S wallet and the Secure PIVX Masternode Tool (SPMT).
Between September and December 2018 PIVX has a total of five important events, most of which have to do with increasing anonymity for its stakeholders (see CoinMarketCal.com).
ANON & ZCL
Speaking of anonymity, a new PoW/PoS coin called Anonymous (ANON) is about to fork from Zclassic (ZCL) and Bitcoin (BTC) on September 10th 2018. Tomorrow (8/1/18) the testnet will be released and two weeks later supporting exchanges will be announced. A new team is taking over the ZClassic project on September 1st 2018 and there's talk about enabling staking. ANON's two main features are anonymity and interest earnings through masternode ownership.
And on the topic of interest earnings, Bitcoin Interest (BCI) is ranked #172 and priced at $1.87, down 90% from its ATH of $22.42 back in March 2018. The purpose of BCI is to save your coins in BCI's digital wallet and enjoy annual returns of about 20%. BCI is an ePoW (enhanced proof of work) coin. Theoretically, the more people save their BCI instead of spending it, the more stable the price and it looks like the price stabilized at more or less $2. There also don't seem to be any minimums because there is no actual staking taking place but rather a savings reward system. The project also has an ongoing referral program (bitcoininterest.io/referralprogram.php).
Ark (ARK), ranked #86 and priced at $0.95 lost 90% of its value in just 7 months. ARK is another dPOS coin and staking is done on ARK's desktop wallet with interest earnings of about 7%.
'How to stake ARK' (youtube.com/embed/dSW7LCxny8I).
Peercoin (PPC) has been in existence since 2012 which makes it one of the oldest altcoins (alternative cryptocurrencies) around. It is ranked #138 and has a current price of $1.98. Back in January 2018 is was worth $9.77 - that's a loss of about 80%. According to its site, the project offers a 1% annual interest. PPC is a PoS coin, the first ever. Staking PPC is properly called 'minting'. The project prides itself for its instant transactions and a super low transaction fee of only 0.01 PPC. Peercoin can also be mined.
XSN (formerly POSW)
Originally a multi cryptocurrency staking wallet called POSWallet, the project has been active since 2015 and is going through a revamping which will soon include Ledger Nano S staking, a DEX (decentralized exchange), CCPoS (Cross Chain Proof of Stake) and atomic swaps.
Stakenet (XSN) is currently ranked #267 and priced at $0.27, about a quarter from its ATH of $0.78 back in June 2018. XSN is a tPoS (trustless proof of stake) coin and Stakenet is a cloud based staking pool. One of the main features is zkSNARKs, the same privacy tech used by ZClassic and ANON. In order to own a Stakenet masternode you must own 15,000 XSN to own, however, thanks to options like pooled staking and masternode sharing, there are no minimums required to participate and earn instant rewards.
According to CoinPredictor (coinpredictor.io/stakenet) XSN will triple in price over the next 12-15 months. Twelve upcoming events shown on CoinMarketCal may explain the math. XSN is yet to be listed on a top exchange, something that may lead to a considerable price appreciation.
Linda (LINDA), ranked #340, is one of many sub-cent ($0.001454) coins crypto hopefuls who missed the Bitcoin boat dream of hitting the jackpot with. For a brief moment back in January 2018, LINDA's price surpassed $0.01 and has been on a roller coaster since. LINDA's features include anonymity, security and speed. LINDA is a PoW/PoS hybrid and staking is done using LINDA's digital wallet and MyNodePool.com (pooled staking). LINDA's staking pool offers daily returns, no minimums and 96% annual earnings (according to the site). Atomic swaps, dApps, merchandise and an ICO platform called Linda X are in the works.
Electra (ECA), ranked #251, is a sub-sub-cent ($0.000767) coin which may or may not moon at some point in time and buy someone a lambo. Though it may come across as a joke, it's known to have happened. The way the math works is as follows: for a coin like this to reach say #99, its market cap would have to grow to about $80 million or 4x (four times) what it's worth now. When a coin like this goes up 100%, people start talking about it and FOMO (fear of missing out) kicks in and, before you know it, the price touches something close to $0.01 or 10x (ten times).
ECA is a PoW/PoS hybrid coin. Annual staking rewards are said to be at 10% post-fork. Mining is n/a which is not good for the price. One look at CoinMarketCal tells us that ECA has 5 upcoming events this year including masternodes and merchant payment gateway integration.
Last but not least...
When it comes to crypto going mainstream (and the crypto market recovering), upcoming decentralized social media platforms will be the driving force. The best ones will offer something that traditional social media doesn't: advertising revenue sharing. Once masses of people around the world start earning, trading, charging and paying with cryptocurrencies on social, crypto will become as common as customer loyalty rewards. Imagine earning $15 worth of crypto per social media platform each month doing what you do anyway - times 2.5-3 billion social media users worldwide.
Two soon to be crypto/blockchain based decentralized social media platforms I'm looking forward to are Presiam (PRSM), a Facebook alternative, and VibraVid (BeatzCoin), a YouTube alternative. Both will have stakable cryptocurrency coins which will be used as participation incentives, referral rewards and platform currency in general.
Before you consider investing in crypto, it might be a good idea to first decide whether to invest into an ICO, a cryptocurrency or a fork. Also note that these are active ways of investing in crypto which require DYOR (doing your own research). Passive crypto investing options are also available and include masternode ownership and mutual fund type of crypto bundles.
In this article we are going to take a look at a live, ongoing pre-fork process in terms of price in relation to market indicators like volume, market capitalization, price history, ranking, upcoming events, social sentiment and the current state of the crypto market and blockchain technology.
What is a fork?
A fork, or in this case a hardfork, is the creation of a new coin from an existing one. In this example, Anonymous (ANON) is being created from Bitcoin (BTC) and ZClassic (ZCL). This being FinTech, it's about technological advancement - adding features and functions not found in the parent coin/s.
Unlike BTC and ZCL, ANON will be a PoW/PoS hybrid, making staking, in addition to mining, possible. Users will have the option to own and run masternodes and earn interest. According to Upcoming KryptoCal (kryptocal.com/event/24085/zclassic-anon-testnet), the code will be published on Github (github.com/anonymousbitcoin) in about an hour.
A unique fork
This fork is unlike any other fork before it. Crypto project teams normally have to sign an NDA (non-disclosure agreement) by which they are legally bound not to reveal which exchanges will support the fork and list the newly created coin. This, in turn, makes participation in a fork a somewhat risky move for investors.
With ANON, things are different. Supporting exchanges are to be announced almost a month before the snapshot/forking event.
What is a snapshot?
A snapshot is the moment the new coin is minted and an image of the coins gets registered as proof that the new coin has been created from the original one/s. The snapshot, therefore, precedes the fork by a short period of time, hours usually.
Fork trading strategy A
Some crypto traders view forks as high stakes gambles and have therefore developed investment strategies intended to control risk.
There are traders who accumulate the coin to be forked early and then also sell early. Usually this is done in increments as a means to obtain as many coins as possible for as little as possible and then sell them before the fork so as to take advantage of the FOMO hype and avoid exposing themselves to a potential pre-fork dump. Those traders pass on the opportunity of getting the newly minted coin at no cost. Their reasoning is based on the potential price volatility of the parent coin around the time of the fork (+/- a week or two) and the price volatility of the newly minted coin following its creation.
The initial valuation, price stability and price appreciation of the new coin are largely dependent on when and where it gets listed, whether it is a part of a working product, and ease of use (wallet, integrations, partnerships, apps, plugins, etc.)
Supply and demand
Traders who sell the original coin before it forks frequently keep an eye on the newly minted coin and look for opportunities to purchase it a discount. They do this by placing very low limit buy orders, which, in turn, leads to price depreciation.
This is one example of how valuation is being 'decided by the market' with the 'market' being the buyers and sellers who agree on a price based on offers (buy and sell orders). If a large number of orders are in a certain price range and they get accepted by their counter parties, the price, at least for the moment, is set.
The market decides
Some describe this process as market manipulation while ignoring the fact that this is how the market works.
Let's say you go to the farmers' market to buy a pound of carrots and notice that your fellow shoppers refuse to pay $5 for a pound of carrots. The buyers' offer is $2.50 and the seller's offer is $5. Another seller comes in and offers a pound of carrots for $3.50 because he's more eager to sell. Buyers go over and buy their carrots for $3.50, instead of $5.
The market has decided. Certain buyers and sellers have agreed on the price of carrots while supply lasts - meaning, the price of $3.50 is not set in stone - it's valid for the moment because both, the sellers and the buyers (i.e. the market), can change the price again.
Fork trading strategy B
Some crypto traders accumulate the coin to be forked and hold it through the snapshot only, in order to get the newly minted coin for free, just to sell it and make a profit. This is a riskier process and requires preparation. To pull this off you have to hold the coin to be forked in a private wallet and not on an exchange and your wallet has to be a 100% working wallet, free or glitches. You also have to have a reliable marketplace or an independent P2P buyer ready, so as to execute the trade ASAP, because the more people do this, the more likely both coins dump, hard and fast. During the previous fork, ZCL dumped from $118 to $9 in 30 hours.
The ANON fork strategy
The Anonymous team decided to offer a transparently executed fork revealing all important information some time before the fork. Because ANON offers (at this time) cheap masternodes and is about to share exchange support pre-fork along with the code and a few other benefits, this fork may happen the way forks were meant to happen. Traders and investors accumulate a coin, hold the coin through the snapshot and the fork (and beyond) and get rewarded with free, freshly minted ANON coins and earn interest through staking by continuing to HODL.
What about ZClassic?
A new ZClassic team is scheduled to (finally) take over the ZClassic project around the 1st of September (9 days before the fork) and continue to develop it beyond its current state, something that is crucial to price stability and growth, both, in the short and the long term.
While at this moment ZCL's weekly graph looks like a roller coaster, it is nothing compared to the section of the chart between December 2017 and March 2018. The price had gone from a couple of dollars to a couple of hundred and back. And while many hope that the current ZCL fork price will surpass ATH, that may not possible given the state of the crypto market.
Also, when there is a stratospheric and super fast price spike, a dump is guaranteed to follow. People make crazy gains and dump the coin to buy something else or to cash out.
If, on the other hand, gains remain modest, investors are more likely to hold and wait to see where the price of both coins is going.
In a successful fork, which is rare, the parent coin makes modest but lasting gains and that same value is attributed to the newly minted coin. If the newly minted coin comes with a feature not found in the original coin, the new coin may be valued even higher.
Once again, this is almost never the case. More often than not, the price of the newly minted coin is about 80-90% lower than the parent coin's ATH, which is why many crypto traders hate forks.
Price to market ratio
Though unpredictable, forks make crypto more exciting and there are ways to, at least, gain an ounce of insight into the future so as to get an idea of what may happen in terms of pricing and potential gains, as well as the medium term potential of the endeavor.
Given that the crypto market is in a slump, market caps and prices are on the low side. Many a crypto lost most of the value it gained the previous year and, yet, traders remain uncertain as to whether we've reached rock bottom. Is now the time to buy the dip and is this the dip you should buy? To say that we've reached the stage of uncertainty would be an understatement.
And that is the primary reason why we should remain conservative when it comes to ZCL fork price expectations.
Price, market cap, volume & ranking
ZClassic (ZCL) is currently priced at $14.83 and ranked #96, up from about #190 at $9.41 two weeks ago.
Because of the state of the crypto market, we can see that the price movement is modest while the ranking clearly shows that something major is happening in terms of valuation.
This, by the way, also acts as a reminder that the price of a coin is not the only indicator of its value. XRP, Stellar and Cardano are all priced at under $0.50 and yet they are among the top 10 coins with market caps in the billions.
Ranking is based on market capitalization which itself is the collective bucket of all coins bought and held at the moment. ZCL's current market cap is at $67,860,982.
Another important number is the volume, i.e. the coins being bought and sold in a 24 hour period. The current ZCL volume is at $2,643,318, which about 4% of the market cap which means that the vast majority of the coins bought are not made available for sale by their owners. At least not at the current price. This indicates that ZCL HODLers believe that the price will rise and they plan on selling their coins at a higher price, something that contributes to price appreciation. Both, HODLing and setting limit sell orders that are higher than the current price, causes the price to go up.
Price to market cap ratio
Now we are going to take a look at the relationship between market cap, price and ranking in order to gain a perspective on potential price movements and limits thereof.
The ZCL market cap is at $67 million and the price at nearly $15. In order for the ZCL price to double to $30 per coin, the market cap would have to double to about $134 million which would cause ZCL to jump up to #59. If this were to happen, ZCL would gain a greater amount of visibility which would theoretically inspire more investors to buy the coin and drive the price, market cap and ranking further up.
Let's assume that the ZCL price triples as a result. Instead of $15, ZCL would then be worth $45 with a market cap at $201 million, a ranking at #43, even more exposure and FOMO.
If this were to cause a quadrupling of the ZCL price to $60 the market cap would be at about $268 million and ZCL would then go further up in the ranking to about #36.
An additional gain of $15, or a quintupling of the current ZCL price to $75 could, theoretically, be possible and would mean a market cap of $335 million and a ranking at #29.
And that's where we hit a wall. Going further up is pretty much impossible because those spots are occupied by the world's favorite cryptos which means that there is a limit to price appreciation based on the overall valuation of the crypto market.
The calculation was done about 12 hours ago. In the meantime the crypto market picked up and ZCL was pushed down to #100 without a change in price or market capitalization. This is an example of the ranking limitations based on market capitalization.
Crypto market cap and price limits
If, for example, this was January 4 2018, the crypto market would be worth 3x what it's worth now and ZCL could potentially, go 15x $15 to $225, but it can't now. Not in this market. At best, it could go higher in rank and be worth more than $75 for a brief moment, but that's unlikely.
This sad fact, however, may be for the best. If ZCL and ANON happen to grow in value gradually based on respective project advancements, the fork and beyond may prove a solid investment rather than a hype based gamble.
Everyone who has been in crypto for a while knows that many a crypto project is a pie in the sky without a working product.
Blockchain technology, while being truly revolutionary, can be used by traditional businesses without cryptocurrencies.
A blockchain based cryptocurrency without a product or a service used by many people or companies is basically meaningless and this is being reflected in the total crypto market capitalization which, as explained above, affects the valuation of individual cryptocurrencies.
The price of a given cryptocurrency is dependent not only on the crypto market and the price of Bitcoin, if you will. It's dependent on the basic economic principle of supply and demand. A crypto project is a product and as a such has to serve a need determined by market demand.
CoinMarketCap (coinmarketcap.com/currencies/zclassic/#social) currently lists 1,784 cryptocurrencies and many are blindly hoping that regulation and things like ETFs will drive capital back into a market that's lost more than half a trillion in less than a year's time. Considering that crypto is a part of the financial industry, it's safe to say that such "solutions" belong with the mathematically challenged.
I LOVE ANON , we are going to be unique. Let's go for the first anonymous debit card to pay at Fiat. ~ Twitter@cryptomocho
Real world economics
As things stand, you're hard pressed to find a simple plugin to integrate on your site and use crypto to sell stuff. The bottom line is that real world implementation and widespread integration have to happen before the market can grow again, which means that existing technology has to be used to integrate blockchain technology and make it usable by the average person. Instead of trying to get money for something with a virtual value alone, try turning that virtual value into real value by connecting existing blockchain projects with real goods and services.
Those waiting for the presumed seasonal market uptrend, ETFs and the likes can get ready to wait forever. The crypto market will not grow without cryptos being attached to real world goods and services, something that doesn't require regulation but rather the willingness and the aptitude to acquire customers and build partnerships and economically viable products.
ZCL is, once again and for the umptieth time, #1 on Bittrex, measured by trading volume which is at 2,818,813.78 at the time of this writing.
Bittrex is ZCL's biggest listing exchange - 93.56% of ZCL available for trading is being traded on Bittrex.
Fork exchange support
Supporting exchanges will be announced between August 15 and September 5 2018.
In order for the ZCL / BTC / ANON fork to be successful, ZCL will either have to be listed by another major exchange that's also willing to support the fork and list ANON, or Bittrex will have to support the fork and list ANON. Note that an exchange can support the fork but not list ANON and vice versa.
History has shown that Bittrex doesn't like Bitcoin forks because they are too costly and Bittrex as per their website does not accept payment to list new coins.
At the same time, Bitcoin (BTC) trading has to be interrupted for the duration of the time it takes to record the snapshot, process the fork and list the new coin. Additionally, trading, in this case of ZCL, may be brought to a halt as well while the snapshot and fork are being processed.
If, on the other hand, Bittrex does support the fork and agrees to list ANON, both coins may potentially spike quite a bit, dump a little, and remain well priced after the dust settles.
The post-fork ZCL price may potentially be higher than it is now, depending on what the new Zclassic team brings to the table.
Who is excited for ANON’s testnet and exchange announcements happening this week As well as some surprises from both ZCL and ANON? ~ Twitter@zcryptoprince
The ZClassic (ZCL) cryptocurrency coin is ranked #34 on solume.io based on a 24 hour social volume sentiment, 174% up from yesterday. Update 8/9/18: the overall crypto market turned green causing ZCL to drop down to #43.
A look at CoinMarketCal, shows us that Zclassic has five upcoming events, four of which revolve around the ZCL/ANON fork. One of the events is about a couple of surprises so let's hope is that at least one of them is about the new ZClassic team taking over the ZClassic project. ZClassic Blue is of particular interest as they may introduce staking (PoW/PoS). Masternodes and merchant payment integrations are items to be added to the to do list by those interested in advancing the ZClassic project. If that happens, ZClassic will have a chance of becoming a permanent top 100 coin.
What causes price appreciation? Regular and consistent updates, upgrades, partnerships, integrations, savings rewards and an active community (referral rewards).
It would be nice to see ZClassic and ANON plugins, widgets, apps and easy to apply merchant/retail payment tools.
Join the community price discussion on Telegram @anonymousbitcoinPP.