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

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Verge
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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.

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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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Altcoins

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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Altcoins

Litecoin Cash (LCC): The potential mover?

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Litecoin Cash
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Litecoin underwent a hard fork in the past, and that is what led to the creation of Litecoin Cash. Bitcoin has also experienced a hard fork, which has led to the creation of Bitcoin Cash, so this trend is not necessarily brand new.

Forks have occurred pretty often now in the cryptocurrency community, and the perception is that it probably will continue to, as long as the need (forks are often created to overcome issues faced by the originals) remains there.

While the market has been bearish for most of the year, it has been showing some definite signs of life, especially when we look at the kind of price action that has been happening with Ripple recently. Litecoin is also rising in anticipating of its hard fork, which is to be expected.

For those who are unaware, Litecoin Cash was created earlier this year. 10 Litecoin Cash was given to every investor who had 1 Litecoin – and that one move, it’s easy to see, was very massive concerning value.

Charlie Lee, the founder of Litecoin, has come out against LiteCoin Cash, calling it a scam. Many cryptocurrency influencers have come out against Litecoin cash, although there are still others that believe that this is only because the project threatens them.

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Altcoins

The Stage is Set for Stellar XLM vs XRP

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XLM vs XRP
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The digital asset of XRP, did something spectacular on the 18th of September when it shocked the crypto-markets by rising in value by 21%. In a time period that was less than 5 hours, XRP spiked from levels of $0.273 to those of $0.332 and has continued rising. The digital asset is currently valued at $0.36.

xRapid Factor

The reason for the sharp increment in value of XRP was news that the Ripple company was going to launch xRapid in the next month or so. This was after the firm’s head of Regulatory relations for Asia-Pacific and the Middle East, Sagar Sarabhai, made the following comments during a CNBC interview on the 17th of September:

“I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production.”

Stellar’s Cross-Border Payments

The news of Ripple launching xRapid has come 2 weeks after the Stellar project and IBM, announced that they were entering the industry of cross-border payments through their new service known as IBM Blockchain World-Wire. The new payment settlement service has been quoted as being ‘near instant’ meaning that it will probably rival the transactions time seen in the xRapid pilot tests of 2 – 3 minutes earlier on in the year.

Stellar Acquiring Chain

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