Quarkcoin Rally Fizzles, Surrenders Most of Last Week's Gains

After as high as 0.14 mBTC ($0.13) on Cryptsy, Quarkcoin (QRK) has come back down to earth, giving up most of its gains without concrete signs of letup. Quarkcoin is currently trading at 0.09 mBTC ($0.09) on Cryptsy.

At its peak, last week's spike in QRK represented a 75% gain from its trough of 0.08 mBTC. It also temporarily returned the cryptocurrency close to even-par after bogeying on the front 9 days of its 2014 course, landing it into its most recent rough patch.

While showing some signs of stabilization over the last 3 days, a mid-term view of QRK shows that this may just be a brief respite as part of an overall trend of deflation back to solid ground.

For its long term outlook, 2014's activity can also be viewed as a stabilization mechanism of sorts. Quarkcoin had burst onto the altcoin trading scene in late November and other Altcoins Altcoins Altcoin is a term that describes any cryptocurrency that isn’t Bitcoin. Since Bitcoin’s inception, countless cryptos have been launched. Many of these have met varying levels of success, though few have risen to rival Bitcoin itself.Ether, XRP, Stellar, Monero, Ada, and Dash are a few examples of the more popular altcoins. There are currently over 5,000 altcoins and this number seems to grow constantly. The leading altcoins as of May 2020 are Ethereum and Ripple.In terms of structure, altcoins c Altcoin is a term that describes any cryptocurrency that isn’t Bitcoin. Since Bitcoin’s inception, countless cryptos have been launched. Many of these have met varying levels of success, though few have risen to rival Bitcoin itself.Ether, XRP, Stellar, Monero, Ada, and Dash are a few examples of the more popular altcoins. There are currently over 5,000 altcoins and this number seems to grow constantly. The leading altcoins as of May 2020 are Ethereum and Ripple.In terms of structure, altcoins c Read this Term to its platform. Simultaneous with the crypto-craze and subsequent crash, QRK gained several-fold, rechallenged its highs after falling and even held on to most of its gains.

Quarkcoin, or simply Quark, differentiates itself from other Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term by utilizing multiple sophisticated hashing functions, making it one of the most secure cryptos around.

At today's prices, Quarkcoin's market cap stands at $20.7M.