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Can Verge (XVG) Regain Its Previous Glory with Continued Adoption?

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As Bitcoin struggles to rise above $7000 mark, the entire crypto market seems to be staggering and several altcoins are having a hard time to stay in the green zone for long. Teams behind influencing altcoins are actively working on improvements, listings, integration plans and of course, adoption. Such a crypto project which has a team that never rests is Verge (XVG).

After the 51% attack that weakened its position as a promising and secure privacy coin, Verge is desperately looking to redeem itself. At present Verge and other notable cryptocurrencies are going through the toughest bearish markets. Crypto enthusiasts believe that a new and better time for cryptos might just be around the corner. Verge has hinted towards a few new partnerships as well as integration to its platform which seems to have working well for its markets for a while. Its evident that the scrypt-based privacy coin is working hard to establish the trust factor once again.

Potential of Verge Coin

Verge has a dedicated community and it is that community which helps avoid Verge markets to plummet. Many of Verge supporters are constantly spreading the positive news (not FUD) across the crypto media. All of this because many cryptocurrency enthusiasts believe in Verge’s potential. Verge’s blockchain is said to be really fast and it’s quite scalable as compared to Bitcoin. Cost of transactions is also negligible when it comes to Verge cryptocurrency. It’s a cryptocurrency that was made for everyday use hence, their team strives for large adoptions and sufficient partnerships with projects sharing the same ideology. The main purpose for Verge team is to make it an improved version of bitcoin with better features such as speed, efficiency and making a decentralized transaction without hampering user’s privacy.

Australian Brand Bamb-U Gets in a Partnership with Verge (XVG)

People who have been keeping a close eye on Verge’s last week activities must know that they’ve been working out on several important goals which also includes major exchange listings as well. The news of an Australian brand called Bamb-U which deals in unique wooden watches accepting Verge as a mode of payment has proved that XVG adoption is spreading at its own healthy pace. The company Bamb-U is the leading brand of bamboo and watches in Australia. The company has not only announced to accept XVG but also chose its another crypto partner TokenPay to facilitate its user’s privacy and security.

Verge’s Recent Exchange Listings

After the recent hacking attempt which is being addressed as the 51% attack, Verge’s activities and its community are keeping it alive. Verge and its community members have announced a lot many exchange listings these few days on twitter. A newly opened Dutch crypto exchange which is about to become functional soon has listed Verge. The privacy coin’s trading also got re-enabled on Changelly claiming that trading conditions have now stabilized and functioning normally. Probably the best thing for Verge is to reach more markets than it already has as an attempt to expand its reach. For that reason, Verge coin got listed on a Brazilian cryptocurrency exchange called coin2001. By getting listed on this particular exchange, Verge has successfully entered the Latin American markets.

Verge’s Current market position

As crypto markets all over the world show red signs of bearish trends, altcoins are not expected to be in a better shape than Bitcoin. At the time of writing, Verge is ranked as the 34th largest crypto I the world according to CoinMarketCap data. The total market capital for Verge is close to $430 million while its exchange volume for the past 24 hours has reduced to $10.38 million. The individual price for Verge has reached close to $0.286 but its falling at a rate of 1.36%. Verge is listed on some of the biggest crypto exchanges such as Cryptopia, HitBTC, Upbit, Yobit and Nova Exchange from where traders can buy XVG with their ETH or BTC.

Conclusion

As far as these constant developments go, Verge is showing a lot of potential for a privacy-focused blockchain project that has been hacked twice in a short span. Crypto enthusiasts and Verge community members are peeling their eyes waiting for another milestone achievement which seems to be upcoming after their negotiations with RSK smart is complete.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Blogs

3 Things to Avoid if You Want Your ICO to Succeed

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Initial Coin Offerings, or ICO, have become quite popular in 2017, which is something that also continued throughout 2018. In fact, there were hundreds, if not thousands of them so far. However, no matter how many of them were organized, most never managed to make it into the market and achieve their goals.

Analysts claim that there are a lot more failed ICOs than there are successful ones, which has caused a lot of people to simply give up on the idea. However, many are still curious to know what went wrong, and while failed ICOs can be studied for years without discovering absolutely every flaw, some of the bigger ones can be spotted right away.

This is why we will now list top three reasons why so many ICOs failed, and everyone who is thinking about launching one should pay close attention.

1. The lack of demand for the product

According to estimates, around 60% of ICOs often fail at the first stage simply for the lack of interest in what they offer. When someone comes up with an idea and launches an ICO in order to raise money, they are presuming that people will be interested in investing in this idea. In addition, prior to making an announcement that an ICO is coming, it is wise to ensure that the announcement will be heard in the first place.

Additionally, ICOs need to be approved by appropriate…

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Bitcoin

Reasons Behind The New Bitcoin Crash

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Cryptocurrency investors and supporters experienced quite a shock last week with the latest Bitcoin crash. Almost every single one of top 100 cryptocurrencies trading in the red. Not only that, but most of them experienced massive losses, often larger than 12%, or even 15%.

The event was unexpected and all cryptos, with the exception of a handful of stablecoins, lost a large part of their value. However, as always, Bitcoin is the one receiving the most attention, especially since this is the first time that BTC has dropped below $6,000 in a long while. Right now, Bitcoin is still losing value, with its current price being at $5,503.11 per coin, and a drop of 12.76% in the last 24 hours.

After the initial shock, a lot of investors started wondering and researching the new crash. The main question still remains: Why did this happen?

While this is more than understandable, especially considering how much money, time, and patience people have invested in crypto, the reasons behind the new crash remain obscure to many. Because of that, we are now going to explain two events that are most likely to be causing this situation.

1. The selloff

This is believed to be the main reason for the new crash of Bitcoin. The selloff came as a consequence of the last year’s bull run, which has launched BTC and other coins to entirely new heights. Because of that, numerous…

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Altcoins

Here’s Why This Coin Still Has Wings (WINGS)

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WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.

Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.

What is WINGS?
WINGS was created to nurture project proposals via the Decentralized Autonomous Organization (DAO) model. Using blockchain networks and smart contracts, the platform allows the WINGS community to promote proposals with the greatest chance of positive returns. WINGS, in essence, is a decentralized forecasting ecosystem, where token holders are given an incentive to make choices concerning projects on the platform.

The DAO is a popular concept for crypto-projects that want to remain entirely on the web. Using the peer-to-peer technology of blockchain and smart contracts to enforce the rules of participation is…

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