The company behind the development was founded in 2014. At that time the Veritaseum coin was still called „Ultracoin“. However, since there was already a coin with this name, it was decided to rename it. The founder of the project is Reggie Middleton, a financial expert who previously wrote for the Huffington Post. He became famous for predicting the housing bubble and the collapse of several major banks. Since 2007, he has led a research team whose analyses are published on an independent platform.
About the Bitcoin profit review
The crypto currency had no easy start. Although there was a good demand for the Bitcoin profit review. However, after the ICO it became apparent that 36,000 Verita seum coins were stolen and immediately exchanged for tether. This caused a loss of 8 million dollars. But Reggie Middleton made it clear afterwards that it was only 0.07 % of the tokens sold and that none of the investors lost their money. Despite this small setback, the Veritaseum coin price had performed well.
Advantages and disadvantages
With crypto currencies you always have to be careful if there is not a scam lurking somewhere. Whether not unknown developers throw a coin on the market and then make themselves after the ICO with the money out of the dust. Also with Verita seum voices became already loud, which suspected a swindle. The reasons for this are numerous: First there is the lack of a white paper describing the VERI Coin development in more detail. When Reggie Middletdon asks where the white paper is, he immediately makes it clear that he doesn’t need one and prefers to concentrate on the actual development.
Which almost speaks for itself again, many scams start with an opaque white paper, but nothing behind it. It continues with an opaque website and many open questions about the token. In addition, 98% of all coins are with the developers. And in addition there is the fact that hardly anything is known about the rest of the team and few stock exchanges that offer the crypto currency.
Does this make the VERI Coin forecast look bad? Not really. The project has a solid concept, which is why many also believe that an investment is worthwhile. Maybe Middleton just doesn’t communicate well and doesn’t care about making a good impression. That certainly doesn’t help, but it can lead to the coin being undervalued.
Veritaseum Coin Price – Development – Forecast
At the start on 18 June 2017, the share price stood at around 70 euros, and the very next day it jumped to 140 euros. Throughout July it fluctuated between 200 and 130 euros, after which the crypto currency lost value for a while. In August the exchange rate fell below 100, in September to 60 euros, up to 40 euros in October. In November, the share price then went consistently up again for the first time, reaching almost EUR 100 per VERI coin.
In December, the Veritaseum Coin price looked really good. For a short time, the coin managed to reach more than 300 euros, mostly more than 200 euros. The mood was best in the new year and the upward trend for the crypto currency continued. It was 390 euros on 9 January. From then on, it slowly but steadily went down, and in February the exchange rate fluctuated between 270 and 180 euros.
The Veritaseum Coin forecast: Despite the downward trend, the VERI Coin price appears to be holding up better than in the previous year. The hack during the ICO did not damage the coin sustainably and the coin is traded high. The price will probably fall or rise more often, depending on the mood against the crypto currencies.