Coins to Watch 02/12/18 - 02/18/18

Coins to Watch 02/12/18 - 02/18/18

Monero (XMR)
Monero (XMR) is one of the most well known anonymous digital currencies and XMR employs the use of ring signatures to ensure its security, privacy, and complete anonymity. While there is a large number of cryptocurrencies that operate in the privacy space, Monero is the most popular and the largest by market cap, and regularly inhabits the top 15.

Because of its popularity, XMR has now become a prime candidate for forking and a new project operating as a split from the Monero blockchain has been announced.

MoneroV plans to hit the market in March and aims to maintain a limited supply of coins in comparison to Monero’s infinite coin supply. In addition, the team behind MoneroV promise to implement new protocols that will solve the scaling problems facing coins such as Monero and Bitcoin.

All Monero holders as of block 1529810 will receive MoneroV, and anyone who holds Monero prior to the fork that is scheduled to occur on March 14 will receive 10 times the amount of Monero they hold in the form of MoneroV. For every 1 Monero (XMR) coin held, it will be possible to receive 10 MoneroV (XMV) coins.

As a result, the price of Monero looks set to rise at the forking date draws closer and investors choose to load up on XMR in order to benefit from the airdrop of XMV.

ZClassic (ZCL)
ZClassic is another privacy coin planning to fork and ZCL uses zero-knowledge proofs and decentralized and open-source technology to ensure the privacy and selective transparency of transactions.

ZClassic was originally a fork of Zcash and came into life after Rhett Creighton decided to fork Zcash and remove the 20% fee. ZCL also differs from ZEC by removing the slow start, thus allowing the market to decide the price. ZClassic is set to fork again, this time into Bitcoin Private, a coin that looks to implement privacy features on the Bitcoin codebase. Due to the current price of Bitcoin forks, interest in ZClassic has spiked since the announcement. The fork is set to take place on February 28 and the price of ZClassic has already shot up since the end of December. After reaching a price of over $230 in early January, ZClassic is currently trading at a price of around $100, and looks set to increase in value as the end of the month approaches.