Tag Archives: Worldcoin

EcoinClub (1)While the bears hug BTC and LTC today, some Altcoins are getting hooked by the Bull and going for a ride. Here are the most popular Altcoins RIGHT NOW in Ecoin Club community.  Please note that the coin exchange rates fluctuate quickly.  Click the Coin name to see the most updated information and charts. 

11/16/2013 – Popular Altcoins

Devcoins:  Devcoin has been trending up since the 12th.  After a quick retreat earlier today and yesterday the Decoin shows some bounce back.  They are up as much as 8% in the last 24 hours.
Goldcoins: Goldcoin trade against BTC and have had a stable ascend since last November.  They are up as much as 18% in the last 24 hours.
Worldcoins: Worldcoin started rising in late November and have continued to stay up.  They are up as much as 35% in the last 24 hours.
Diamondcoins: Diamondcoin has been around since July.  As recently as November they were at about zero.  The market seems to have picked up steam.  while it is still well off its highs, they are up as much as 40% in the last 24 hours.

Tomorrow’s Altcoins?

Nobody can predict the future but these Ecoins are showing something that makes us want to get a few.

AmericanCoin:  This coin was introduced back in June and it had a very slow and steady decline until a little past Thanksgiving.  Then it started to show signs of life and a heartbeat. Since the 8th of December that heartbeat has been getting stronger.

Stablecoin: The name is kind of ironic because in the exchanges, this Ecoin is anything but stable.  It has had some big pumps and big dumps.  It is exchanging near its 10 day lows and  no where near its highs.  This Ecoin may still have some dump to go, but we are keeping our eye on it, just in case dump goes to pump.

Protoshares:  This Ecoin is the precursor to a Distributed Autonomous Corporation (DAC) which is basically a peer to peer network for hire.  Most Ecoins mining computers only mine for the Ecoin and/or process transfers of the Ecoin.  The vision of the DAC is to put that computing power to ‘better’ use.  Anyone may acquire shares in the DAC by mining or trading for Photoshares.  The initial DAC is being developed by a company called Invictus Innovations Incorporated.

Once the company launches the DAC, the Protoshare holders will be able to exchange their Protoshares for shares of the DAC called Bitshares.  The value of the Bishares is backed by the processing work of the DAC network computers.  Some of these services could include payment processing, asset trading, domain name services (DomainShares), or really any service that benefits from peer to peer network computing – which is just about anything.  For example, it is possible that i the future a DAC could operate like a cloud computing solution like Amazon Web Services.  As a Bitshare holder, the Bitshare owner is entitled to a dividend for the value of the work performed by the DAC.  Most other ecoins are only backed by the Ecoin’s value as a form of wealth representation and transferability.  Photoshares aim be be valued by the work being performed by the network running the Photoshare.

 

sucincessWhat is an Altcoin

An Altcoin is basically any ecoin that is not a Bitcoin or (increasingly) a litecoin.  There are over 60 Altcoins currently being mined and/or exchanged online.  Recently some of these Altcoins have had amazing appreciations.  One Ecoin called Sexcoin (SXC) recently shot up over 1000%.  Quarkcoin, Infinitecoin and Goldcoin are three coins that have also recently shot up in value.  To get an idea of how an altcoin might grow, start with how they are born.

How an Altcoin/Ecoin gets started

A developer or small group of developers will design and build the new Ecoin (Altcoin) and announced it in a forum.  The announcement will include a description of the Ecoin, the rules for mining, receiving and sending the coin, the coin wallet and the source code.  After the announcement, Ecoin miners will decide to mine for the new Ecoin or not.   If the Ecoin starts to get mined, the miners will  start to exchange the new ecoin for established Ecoins like Bitcoin or Litecoin within their communities.

If there is enough interest in the new Ecoin, one or more of the Ecoin exchanges will add the new coin to their exchange list.  After the Ecoin is added to an exchange, anyone with an account in the exchange and Ecoins to trade, can acquire the new coin through their online account. Once a coin has a place on the exchange it can grow or perish on its own merits.

Why some Alt coins take off

The Ecoin market is still very small.  Because it is small big buyers and seller tend to have more influence than in larger markets.  This seems especially true for new coin markets.  Right now a lot of the Ecoin wealth is concentrated in a few holders or groups of holders.  Most of this wealth was accumulated by mining or buying Bitcoins early on.  Alt coins are extremely helpful for these buyers to diversify their holding and as opportunities to get big ROI on very inexpensive coins.  For example, if Bitcoins cost $1000, a 100% appreciation makes the value of Bitcoin $2000.  Where as if you can trade 1 Bitcoin for 10,000,000 Altcoins, the Altcoin only needs to go from a value of 1/10 of a penny to 1/5 of a penny for that same appreciation.  This type of appreciation and even much higher appreciation of 1000% or more seems to be happening in the Alt coin market quickly.

What Alt coins to get NOW

Alt coins seem to follow growth pattern.  Typically there is an immediate spike in mining activity and then either a gradual climb or drop off.  Once a new coin is listed on an exchange the coin typically spikes in interest and then drops.  After that the coin typically bounces around or remains very flat.  Coins that remain very flat stay flat until they slowly perish or spike up.  Getting altcoins during the flat or in the beginning of a spike may work.

If you own Bitcoins or Lite coins, you can trade for Alt coins in exchanges.  You can not typically purchase Alt coins for cash.  You can get the Ecoin Club Altcoin Super Pac which includes:

Worldcoin: WDC is traded for BTC, margins are high right now in secondary markets which could signal a steep upward climb soon.

Zetacoin: ZET is traded for BTC, margins are high right now in secondary markets which could signal a steep upward climb soon, also ZET has had a slow and stable climb.

Casinocoin: CSC is traded for BTC.  There is a good amount of chatter on trading board about CSC and the name of the coin could help it gain good adoption for online gambling.

Centcoin: CET is traded for LTC.  The good news is also the bad news once it was worth more, now it is worth less.  This is the case of getting a coin when it is down and it can not go down much more.

Netcoin: NET is traded for LTC.  Netcoin is at a high right now, but there is strong chatter about this coin in the Ecoin community.

If you are interested in getting the Ecoin Club Altcoin pac, please submit your email and we will reply with additional information.

 

An Ecoin is an electronic currency.  It is also referred to as E-currency or crypto currency.  It is pretty much like cash for the Internet. Ecoins come in two types, closed network ecoins and open network ecoins.  Examples of closed network ecoin networks are the types of ecoins used for virtual goods for games or on social networks.  In game currency like Facebook credits and Gold for World of Warcraft are examples of closed network ecoins.  The other major type of ecurrency is open network systems.  Bitcoins and litecoins are two types of peer to peer, open network crypto currencies.  Bitcoin is the grandfather of these types of ecoins.  Litecoin is the up and comer.  There are many other types of Ecoins as well.  Each coin has its own flavor.  The major type are outlined in the chart below.

Coin name Blocks Difficulty Network GH/sec
Anoncoin

99746

14.1994

0.3388

Bitcoin

271217

609,482,679.89

3,635,705.80

Digitalcoin

558493

2.0761

0.1313

Devcoin

115068

213,289,495.25

1,145,009.74

Freicoin

45381

222,837.03

1,927.45

Feathercoin

119314

139.3644

2.7019

I0coin- DORMANT

964360

4,382,937.16

190,860.24

Ixcoin

174022

168,573,279.37

1,206,694.54

Litecoin

465823

1,486.12

52.7472

Namecoin

147504

456,070,389.19

2,584,537.55

Peercoin

81889

9,726,255.71

95,725.32

Terracoin

216946

114,552.10

2,630.82

Worldcoin

812681

10.3822

1.4399

Primecoin

270885

0

0

A chart of active open source ecoins as of Nov 23 2013