Post
Topic
Board Announcements (Altcoins)
Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs
by
NEMergizer
on 04/10/2017, 00:57:26 UTC
All ALTs prices will remain stressed during October up until the expected November's Bitcoin Fork in addition to Bitcoin Gold fork on October 25th. The same as what happened before August 1st "Bitcoin cash fork". For that reason it is less likely to have any serious ALTs buy volume in October. In fact you should expect more drops as we get closer to Bitcoin's 25th of October fork then the expected 2x November's fork. This will impact XEM marketcap as much as all other ALTs.

The good news is huge bull runs are expected right after these forks. Bull buy waves expected to be much higher than the ones took place after Bitcoin Cash fork. Mainly due to the fact that these are the last expected forks "for now".


Bitcoin Gold
Bitcoin Gold (BTG) plans to hard fork the cryptocurrency on October 25, creating another version of bitcoin in the process. The project was first made public back in July and was created by Jack Liao, founder of Lightning ASIC, a mining firm from Hong Kong. The fork will include the adoption of a new protocol that will change some of the consensus mechanisms relating to bitcoin. The result is that miners would be able to go about mining for tokens in new ways. According to bitcoin.com, the new BTG will make use of the Equihash algorithm that Zcash uses, rather than bitcoin’s SHA256 algorithm.