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.
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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Reasons Why 2019 May Be A Great Year For Crypto
The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.
The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.
With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.
1) Bearish market to loosen its grip
The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…
3 Coins with the Largest Potential in 2019
2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.
Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.
Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.
One thing that is expected is the approval of Bitcoin ETFs…
Do or Die: 3 Crypto Projects that Really Need to Deliver Soon
Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.
The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.
However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.
1) Ethereum (ETH)
Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…
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