Table of Contents
V Systems is a distributed cloud database for the blockchain. This is a completely new concept of cryptocurrency. The target audience of the project is technical specialists. They are provided with a ready-made base for launching and scaling blockchain products. For ordinary users, V Systems is a global platform for quick and cheap transaction exchange.
MainNet was successfully launched at the end of last year and has already proved its competence. It takes 1 second to process the transaction, and thanks to the enhanced protection, the network has not yet been subjected to failures and cyber-attacks.
V Systems Fundamental Value
Inside the system, the VSYS token functions. It pays for:
- transaction fees (fee is less than 1 VSYS);
- launch new chains;
- access to applications based on V Systems.
Initially, the developers generated 5 billion tokens. To avoid inflation, a certain amount will be burned each year.
The mining process is very specific because Sunny King created a new protocol for the new network – SPoS (Supernode Proof of Stake). If you explain the technically complex algorithm in simple words, you get the following scheme: new coins generate supernodes. Over time, their number will be in the thousands. Therefore, in order to mine coins, you yourself need to become a supernode.
|Project name||V Systems|
|Consensus Protocol||Supernode Proof of Stake|
|Curr. Supply / Total Supply||1,791,371,418 VSYS / 3,696,229,882 VSYS|
|ROI since launch||389.79%|
|Launch date||March 2019|
V Systems Price History
Work on the project started in 2016. The main technical stages were completed in 2018, and cryptocurrency appeared on the market only in March 2019. In the first weeks, the price was only 3 cents, but the daily trading turnover immediately exceeded one million dollars. At the end of the month, the coin appeared on the ZB.com exchange, and quotes rose to 5 cents. A few days later, the exchange held a token sale on a subsidiary site of ZBG.com. Tokens were sold in 42 seconds, and its price immediately doubled.
In mid-April, Coinall announced the listing of VSYS, and the price increased by another 50%. The subsequent correction turned out to be soft and practically did not appear on the course. In May, the dynamics suddenly froze, and over a month, the altcoin was worth 0.11-0.12 dollars.
But at the end of June, there was a clear upward trend because the price jumped to 0.2 dollars (historical maximum).
The market chart resembles a series of progressing levels: the price rises by 20%, then falls by 5%, gains another 10% and loses 2-3%. One gets the impression that the altcoin is preparing to break through the upper ceiling. Is it? And when to expect explosive growth?
V Systems (VSYS) Technical Analysis
Well, there is not actually any technical analysis expertise of V Systems (VSYS). However, here is the aggregate rating for VSYS from several traders & analysts on TradingView.
V Systems Community Reputation
The cryptocurrency is closely connected with the name of Sunny King, who created the Proof of Stake protocol and gave the world two altcoins: Peercoin (PPC) and Primecoin (XPM).
Peercoin once ranked fourth in the CoinMarketCap ranking. Now its rank is 390. The positions of Primecoin are even lower. Why did King stop developing them? The answer is simple. Since 2016, he, together with a group of experts involved, has been working on V Systems. This is a project designed to create a new era in the digital economy.
Sunny King’s reputation does not inspire all investors. His previous projects cause suspicions. Many users did not understand why he abandoned them. And they do not exclude that King could lose interest in altcoins after he earned everything they wanted on them. The question is: will the same thing happen with V Systems?
Now let’s look at the Google Trends chart to determine the popularity of VSYS cryptocurrency requests.
As we can see, the interest of users is constant, and the jumps in the rate do not affect the popularity of cryptocurrencies on the Internet.
Influencers Views on V Systems
Since cryptocurrency is just beginning to develop, it is not so common among bloggers and influencers. However, we can give a positive assessment of the dynamics of cryptocurrency, in connection with some factors.
Thanks to listings on many popular exchanges, interest in a coin should definitely increase, and its price may rise. Recently, cryptocurrency representatives announced their entry into the Indonesian market, which could lead to a jump in cryptocurrency up to $0.2.
Some Reddit users express their opinion about VSYS coin. They say that’s nothing extraordinary about the V Systems cryptocurrency, and the coin will lose its price in several months.
In general, there is a positive trend and the trading volume has long been held at an impressive figure of more than 20 million per day. It is impossible to predict reliably what will happen with one or another digital currency, even for experts. But tokens are created on a platform with innovative developments in the world of the cyber economy, which provides development tools to others. These qualities automatically make V Systems an interesting and necessary project for many crypto specialists. All this allows you to make positive predictions about the further development of the token.
What to expect from V Systems Price in late 2019 & 2020
We analyze the strengths and weaknesses of the project. The obvious advantages include:
- Famous developers. In addition to the already legendary Sunny King crypto community, the top fintech investor Alex Young is working on the project. A large team of specialists related to VMWare, Oracle, and Google.
- Wide acceptance in the market. Most traders respond positively to VSYS. Many consider the coin underestimated. Exchanges Bitfinex, Bitforex and KuCoin announced listing in January this year, 2 months before entering the market.
- Promising technology. The synthesis of blockchain, cloud technologies, and distributed databases not only solves the current problems of the market but also favorably distinguishes V Systems from other altcoins.
- Impressive roadmap. The launch of additional supernodes, the first cloud storage, and smart contracts is planned for this year, the release of new modules, complete software update and a transition to the global level for 2020.
- Availability of a working product. The developers have already implemented most of the items from White Paper. And they proved the legality of the network.
Some kind of project weakness is that it is focused on blockchain developers. On the one hand, this increases the chances that people who are interested in technology, and not in market speculation, will invest in it. On the other hand, such positioning narrows the circle of potential investors. Much less money would flow into cryptocurrency than it could if it were more mainstream. Nevertheless, V Systems is a promising project and, as it looks at the moment, a long-playing one. The VSYS token is worthy of getting into the cryptocurrency portfolio for 2019-2020.
If developers continue to follow the Roadmap, break into the list of top exchanges (and they are working on it now) and find well-known partners, in a year altcoin has every chance to show even greater growth than we see now.
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.