Verium, one half of the world's first binary blockchain protocol with Vericoin, saw massive overnight gains in trading volume, boosting its value from where it had previously been hovering between $6 -$8 to as high as $21 overnight. Typical trading volume had previously been around $300K to $400K per day, but overnight the altcoin broke from its normal trading pattern, realizing over $9.5 Million in trading volume, bringing the market capitalization to just around $27 Million.
The binary blockchains Verium and Vericoin are designed to deliver the best of both transactional speed and security by using two blockchains together.
Verium is designed to be mined on CPU's and is reportedly hardened against GPU mining.
The overall network hash rate for Verium held steady at around 17K kH/m despite the boost in trading volume.
The next question is why the sudden spike? Many are asking this question...
No scan of news articles could explain the sudden spike. Perhaps a major investor has suddenly decided that Verium is a good buy? Perhaps Verium is being "pumped and dumped?" (Hopefully not...) We will just have to wait and see.
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