VeriumReserve (VRM) Live Price Chart & History

Live VRM / USD Price Chart

Top Crypto Trading Platforms
Broker Rating MinDeposit Visit
5

$100

Visit Broker
5

$200

Visit Broker
5

$5

Visit Broker
5

€100

Visit Broker
5

€100

Visit Broker
4.5

$10

Visit Broker
Risk Warning: Your capital is at risk

Price USD -13.57%
$3.110380
Price BTC
0.00034372
Volatility (7d)
1.16 %
Volatility (30d)
1.27 %
Market Cap USD
$5.0M
Market Share
Since launching at $0.323746 on 17/09/2016 VeriumReserve has achieved a price of $3.11038, rising 6.72% in the last week alone.

VeriumReserve Price Analysis: Predictions and Forecasts

Why buy VeriumReserve? What is it used for?

Verium is a cryptocurrency created by the developers of Vericoin. Together, these two coins (Verium and Vericoin) create a "system" in which Vericoin acts as currency, due to its cheap transaction fees and faster block times, while Verium acts as a store of value due to its higher fees and slower blocktimes that dis-incentivize spending. Verium uses the Proof of Work Time consensus protocol that has variable block times to increases blockchain performance and security. PoWT also allows mining to be GPU and ASIC resistant,... A purely digital commodity which runs on it’s own unique protocol PoWT (Proof of Work Time). Verium (Ticker: VRM) was created to be an innovative, independent store of value asset, in addition to supporting the VeriCoin blockchain. Verium solves the blockchain scaling issue by introducing a new variable block-time paradigm that speeds up as mining power increases. This allows Verium to automatically scale, enhance transaction speed and capacity, while ensuring security at any level of mining. Through Verium’s auxiliary mining protocol, Verium will also process VeriCoin blocks. This process will speed up VeriCoin’s block-time to 30 seconds or faster. This enables VeriCoin’s network to provide an efficient and scalable ecosystem for consumer transactions well beyond current standards. Verium is accessible to anyone with a PC or laptop in three easy steps. Download, install and click to mine. It’s that easy!
VeriumReserve was launched in 17/09/2016. It uses the Proof of Work-Time method of consensus, and is based on the N/A algorithm. VeriumReserve's goals include Automatically addresses scalability issue BTC has, increases blockchain performance with security, softens difficulty mechanism without loss of security - mining power can grow more efficiently and organically..

Trading VeriumReserve : The Best Platforms to trade VRM

The Best Cryptocurrency Brokers + Trading Platforms

Rating Bonus Description Minimum Deposit Regulation Visit
5
  • Tight spreads without commissions
  • Advanced charting tools

$100

CySec

Visit Broker
Markets.com Review
5
  • Choice of four professional trading platforms
  • Trusted & Secure: FCA authorised and regulated
  • Choice of Forex, CFDs, Spread Betting and Cryptocurrencies

€100

FCA

Visit Broker
ETX Capital Review
5
  • The leading Social Trading platform with 4.5m traders
  • Follow other traders or be a leader and earn
  • Personal service and VIP perks

$200

FCA,

Visit Broker
eToro Review
5
No Deposit
£25
+Deposit Bonus
  • Free forex signals + market research
  • Online education and webinars
  • Fee free withdrawals and deposits

$5

CySEC

Visit Broker
XM Review
5
No deposit
£20
+ Up to £6000 on deposits
  • No commissions and low spreads
  • Advanced trading tools
  • Minimal account fees

€100

FCA,

Visit Broker
Plus500 Review
4.5
  • Stylish & Powerful Platform
  • Trade Bitcoin + 12 Other Top Cryptocurrencies
  • Plus Forex, Options, Stocks & ETF Trading

$10

IQ

Visit Broker
IQOption Review
Risk Warning: Your capital is at risk

VeriumReserve Trading: How To Buy + Trade VRM

Many of the 'long tail' of cryptocurrencies are currently only available at a handful of exchanges, many of which will not accept direct US Dollar, GBP or EUR deposits. In order to make a trade, you need to:
  1. Create a Bitcoin, Litecoin or Ethereum wallet
  2. Create a VeriumReserve wallet to recieve your coins
  3. Buy either BTC, ETH or LTC at an exchange you trust, making a deposit by bank transfer or credit card
  4. Transfer the major coin you have bought to an exchange that trades VRM
  5. Exchange your BTC, ETH or LTC for an amount of VRM, depending on the current exchange rate
  6. Move your VeriumReserve coins from the exchange to your private wallet to protect yourself from hacks or bankcrupcy at the exchange

The downsides of trading VRM on an exchange

As you can see, the process for trading VeriumReserve is not entirely straightforward or without risks. Exchanges are notorious for bad security and there have been several major incidents of hacking or an exchange 'going bust' with the losses to coin holders in the hundreds of millions. It is not safe to keep coins on any exchange, yet moving between exchanges or from an exchange to your wallet will incur fees.

Furthemore, its not uncommon for exchanges to go offline during periods of high volatility - means should the price of VeriumReserve crash you may find yourself unable to trade out of the currency and into a safe haven due to their site crashing.

What's the alternative?

If you plan to trade, rather than buying to hold, we recommend trading with a CFD or forex broker. It may limit your choice of currency, but has considerable advantages:

  • The brokers are established and regulated by financial conduct authorities
  • Brokers regulated in Europe offer deposit protection: if they go bust your deposit will be refunded by the goverment (though not your open trades!)
  • Deposits and trades can be made directly in a currency you are comfortable with - USD, EUR or GBP. No need to calculate multiple exchange rates to know your profit.
  • Forex brokers are accustomed to high volatility and are better prepared for spikes of traffic. In a bear market, you should have a better chance of closing trades and getting your money out before VeriumReserve goes to zero

You can see our list of featured trading platforms here

Will the price VeriumReserve fall continue to rise?

It's impossible to predict for sure if VeriumReserve is due for a crash or is headed to the moon, but this is what we do know:

  • In the past 7 days VeriumReserve has risen by 6.72%
  • In the past month it has gained 22.164172866338%
  • In total it has appreciated by $2.786634 since its inception, a change of 960.75%

Can VeriumReserve reach, replace, pass or overtake bitcoin?

At present VeriumReserve is trading at 0.00034372 BTC. In order to reach Bitcoin's current price of $15000 USD it would need to grow by 290,934.5%. If we assume VeriumReserve continued to as it has in the last month - with a price change of 22.16% it would take 3.5303219957105 years just to reach Bitcoin's current price. To overtake bitcoin will take longer.

Price Targets:

If you're wondering if the price of VRM is going to take off and increase in price to a higher level we've done the math for you.
In order for VeriumReserve to reach $5.00 it needs to increase in price by a factor of 1.61x. Given its present growth rate of 22.16% per month, it could take just 2.1 months to hit a price target of $5 USD

What is the probability of hitting $5.00 over time?

Time periodChance final price > $5Chance final price < $5
1 week0.3%99.6%
1 month9.5%90.4%
3 months22.5%77.4%
6 months29.6%70.3%
1 year35.3%64.6%
2 years39.5%60.4%
3 years41.4%58.5%
4 years42.5%57.4%
5 years43.3%56.6%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for VeriumReserve to reach $10.00 it needs to increase in price by a factor of 3.22x. Given its present growth rate of 22.16% per month, it could take just 5.2 months to hit a price target of $10 USD

What is the probability of hitting $10.00 over time?

Time periodChance final price > $10Chance final price < $10
1 week0%100%
1 month0%99.9%
3 months3.1%96.8%
6 months9.4%90.5%
1 year17.8%82.1%
2 years25.7%74.2%
3 years29.7%70.2%
4 years32.2%67.7%
5 years34%65.9%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for VeriumReserve to reach $15.00 it needs to increase in price by a factor of 4.82x. Given its present growth rate of 22.16% per month, it could take just 7.0 months to hit a price target of $15 USD

What is the probability of hitting $15.00 over time?

Time periodChance final price > $15Chance final price < $15
1 week0%100%
1 month0%99.9%
3 months0.6%99.3%
6 months3.8%96.1%
1 year10.7%89.2%
2 years18.9%81%
3 years23.6%76.3%
4 years26.7%73.2%
5 years28.9%71%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for VeriumReserve to reach $25.00 it needs to increase in price by a factor of 8.04x. Given its present growth rate of 22.16% per month, it could take just 9.3 months to hit a price target of $25 USD

What is the probability of hitting $25.00 over time?

Time periodChance final price > $25Chance final price < $25
1 week0%100%
1 month0%100%
3 months0%99.9%
6 months0.9%99%
1 year4.9%95%
2 years12.2%87.7%
3 years17.1%82.8%
4 years20.5%79.4%
5 years23%76.9%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for VeriumReserve to reach $50.00 it needs to increase in price by a factor of 16.08x. Given its present growth rate of 22.16% per month, it could take just 1.0 years to hit a price target of $50 USD

What is the probability of hitting $50.00 over time?

Time periodChance final price > $50Chance final price < $50
1 week0%100%
1 month0%100%
3 months0%99.9%
6 months0%99.9%
1 year1.4%98.5%
2 years6%93.9%
3 years10.2%89.7%
4 years13.6%86.3%
5 years16.3%83.6%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for VeriumReserve to reach $100.00 it needs to increase in price by a factor of 32.15x. Given its present growth rate of 22.16% per month, it could take just 1.3 years to hit a price target of $100 USD

What is the probability of hitting $100.00 over time?

Time periodChance final price > $100Chance final price < $100
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%99.9%
1 year0.3%99.6%
2 years2.6%97.3%
3 years5.6%94.3%
4 years8.5%91.4%
5 years11%88.9%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for VeriumReserve to reach $200.00 it needs to increase in price by a factor of 64.30x. Given its present growth rate of 22.16% per month, it could take just 1.6 years to hit a price target of $200 USD

What is the probability of hitting $200.00 over time?

Time periodChance final price > $200Chance final price < $200
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%99.9%
2 years1%98.9%
3 years2.8%97.1%
4 years5%94.9%
5 years7%92.9%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for VeriumReserve to reach $300.00 it needs to increase in price by a factor of 96.45x. Given its present growth rate of 22.16% per month, it could take just 1.7 years to hit a price target of $300 USD

What is the probability of hitting $300.00 over time?

Time periodChance final price > $300Chance final price < $300
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%99.9%
2 years0.5%99.4%
3 years1.8%98.1%
4 years3.5%96.4%
5 years5.3%94.6%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for VeriumReserve to reach $400.00 it needs to increase in price by a factor of 128.60x. Given its present growth rate of 22.16% per month, it could take just 1.8 years to hit a price target of $400 USD

What is the probability of hitting $400.00 over time?

Time periodChance final price > $400Chance final price < $400
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%99.9%
2 years0.3%99.6%
3 years1.3%98.6%
4 years2.7%97.2%
5 years4.3%95.6%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy

Is VeriumReserve a good investment? Is it safe to put my money into VRM?

No, it is not a 'good investment' to buy VeriumReserve, and given the market volatility it is certainly not safe either. We would urge you to not to consider buying or trading VeriumReserve as an investment but purely speculation.

It is certainly possible to profit from an increase in the value of VRM - and if you short the coin you might even profit from a crash in the market.

However with so much uncertainty in the market the best you can do is make an educated guess as to the direction of the price or the mood of the market. If you're not informed on the fundamentals that's pretty close to a gamble.

Remember, your capital is at risk.. Trading conditions can change at any time without prior notice. Buying, holding or trading is a high risk activity that may incur significant losses over a short period of time

Market Sentiment

VeriumReserve Development + Team

There are 9 developers coding the source behind VeriumReserve There are no sales or marketing staff on the team which could impede the coin's growth.

VeriumReserve publishes bios of all of its team members at their website which can help investors understand the motivations and people behind the project

The team is not active on the social media channels, which can be a troubling sign. Their blog is not regularly updated, making it hard to track progress on their work

.

Related Articles

  • Company Overview Due to standing out in the financial world for years as a popular and customer-friendly binary options trading site, we took it upon...
  • Company Overview The company was established in 2008 and this company offers an online CFD service. Currently, Plus500 has a platform that has...
  • Company Overview ETX Capital was originally established in 1973. ETX is the brand name used for the holding company Monecor Ltd. Currently, this...
  • Founded in 2007, eToro is the world’s leading social trading platform. During its inception, eToro’s founders set out to create an online trading...
  • Markets.comCompany Overview Markets.com is a brand and trademark used by Safecap Investments Ltd. Markets.com provides an online Forex and CFD...
  • Company Overview OlympTrade is a Russian mobile binary trading app that started in 2014 as a joint venture between two companies, Smartex...
  • XMCompany Overview XM is a trademark that has been registered by Trading Point Holdings Ltd., a company which owns a number of other trading...

Risk Warning

Your capital is at risk. Trading in Forex and Contracts for Difference (CFDs) is highly speculative and involves a significant risk of loss.  The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. This website is provided for informational purposes only and in no way constitutes financial advice. A featured listing does not constitute a recommendation or endorsement.

About ForexTrading.Company

Forex Trading.Company was established to provide global traders a deep and insightful source of information on forex trading, its key strategies and indicators. With guides for everyone from beginner traders in Bangladesh to advanced strategists in Hong Kong we want the world trading community to benefit from our in-depth broker reviews, features, and commentary. We list the world's top regulated and authorised brokers suitable for a global audience.

We aim to think global, act local with our website, so that whether you're in Asia, Europe or Africa you can gain from our content on the world's biggest market.

About Us & Contact Sitemap