Most altcoins are little more than carbon copies of Bitcoin or another popular cryptocurrency. However, Vericoin offers a host of unique features such as Veribit, which enables users to spend Vericoins at stores that accept Bitcoin, and Veribank, an upcoming third-party feature that will pay users variable Proof of Stake interest.
As a result of these announcements, altcoin traders have become very bullish on the Vericoin price. Three weeks ago, the Vericoin price sat at $.07. Since then, the Vericoin price has gone on an absolute tear, more than quadrupling to $.31 at time of writing (per CoinMarketCap). Currently, Vericoin has a market cap of more than $8.3 million. The Vericoin price and market cap have a long way to go to catch Litecoin, whose $264 million market cap more than doubles the next 10 altcoin market caps combined. However, if the Vericoin price continues its upswing then Litecoin may start nervously watching its rear-view mirror.