VTC is not pumping because of segwit. The volume is off the charts and suggests somebody with very deep pockets has taken an interest in this coin. Price will easily go at least 2x 3x from here with much less money needed.
Looks more like random polo pump to me, not someone taking a serious interest. You think someone was taking a serious interest in Bitcoin plus or Bytecoin or the twenty other complete garbage coins that pumped off the chart in poloniex recently (not saying vert is garbage, just that a polo pump doesn't mean much).
It's not a random pump, somebody has planned this for some time. By taken an interest I did not meant long term interest. I meant somebody with deep pockets has decided to play with this coin and the current price/volume suggests he is not done yet.
I agree, think there was too much money flowing through to be random. Timing started with this period too and looks like Segwit might finally win. I think someone with deep pockets both bought a ton and rented some serious mining power to make sure it goes through.
I don't mean random like someone just woke up one morning and decided to pump Vertcoin, of course there was probably long accumulation period and the timing was done to coincide with big push for segwit activation. But just look at the charts on polo - every single coin pumps occasionally, often for no identifiable reason. Recently it was Bitcoin plus, Bytecoin, pinkcoin, and others I can't think of off the top of my head. Vertcoin was about due, and I think they just choose segwit drama to provide some hook to get people to buy.
No guys i seened this before in Cryptsy before the exchange close, i remember VTC trading volume by millions, a big flow of money through it, some ppl have plans for this coin for sure and have very deep pockets, that caught my eye and since then i always hold VTC as part of my portfolio.