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Here’s Why Verge (XVG) Is Our Top Crypto Crash Recovery Play



Verge vs Monero

While Warren Buffett may not be the biggest fan of the cryptocurrency space, we know that if he was, he’d be looking to buy as much as he could right now. Be greedy when others are fearful is one of the Oracle of Omaha’s core investment tenets and, as the majority of the top twenty coins are getting hammered in the markets this week, now certainly is a fearful period.

We’ve taken this suggestion a step further and set out to find not only the coin that is severely weakened through the overarching negative sentiment in the markets but that has the potential to bounce back the highest as and when things recover.

And here it is – our number one recovery play this week in the cryptocurrency markets:

Verge (XVG).

Verge is currently trading for $0.06 a piece. At this price, the coin commands a total market cap of a little over $982 million ad twenty-four-hour volume hit circa $38 million during the twenty-four hour to time of writing (mid-morning ET).

XVG Daily Chart

XVG Daily Chart

Unlike the vast majority of other coins, XVG actually peaked on Christmas day, December 25, logging highs of $0.23 a coin for a market cap of more than $3.3 billion. This came on the back of what eventually turned out to be some misinformation on Twitter (we’re looking at you, John McAfee) but, regardless of the driver, it played a key role in drawing speculative attention towards this coin and this helped it to push into the start of 2018 in something of a strong position.

Peaks subsequent to the Christmas day highs came in around $0.22 (on a couple of occasions) but after the now much longed for January 7 market peak, XVG has traded in line with the wider markets and declined to the above mentioned current pricing.

So, right now, the coin is available at a circa 74% discount to its previous highs (highs at which we’ve no doubt many initiated a position), meaning it’s not going to take much of a bump to serve up a nice recovery return on an entry at current pricing.

But as we said, we aren’t just looking for a coin that’s fallen considerably. We also want to see some sort of fundamental driver than can either catalyze an upside run or support an upside revaluation – or both.

And with Verge, it’s all about liquidity.

This coin is one of those that’s in the sphere of awareness of a huge number of crypto enthusiasts but that, at the same time, isn’t privy to the same degree of liquidity that many of its peers enjoy.

This is rooted in the lack of exchange coverage for XVG. We think that this is soon going to change and we’ve put together a number of events to keep an eye on as indicative of a validation of our expectations.

There’s an ongoing Cobinhood vote that’s got XVG as a top contender for a listing in the next round. The same is true of cryptocurrency exchange FatBTC. The coin is already available on Binance and it’s also being added to a number of online outlets as a payment option. It also just picked up a listing on CoinDirect.

Bottom line is this: Privacy coins are going to take the world by storm during 2018 – you can take that statement to the bank. And of those top contenders on the market right now, Verge is the only one that runs a protocol like Wraith and, for us, that puts it at the top of the pile.

Combine this long-term view with a few near-term catalysts and underline it with the fact that the coin is currently available at a 74% discount to highs and you’ve got a winner.

We will be updating our subscribers as soon as we know more. For the latest on XVG, sign up below!

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.

Image courtesy of Verge


Bitcoin Surges After Tesla Bought $1.5 Billion Worth of BTC




The sudden rise of Bitcoin has been connected to the decision taken by the Tesla electric car company to buy $1.5 billion worth of Bitcoin.

The company explained in a filing with the Securities and Exchange Commission (SEC) that it bought Bitcoin to diversify its cash returns and more flexibility.

Musk’s Tweets also impacted Dogecoin’s price

Tesla also added that it will start accepting Bitcoin payments for all its products, although this will be based on a limited basis and applicable laws. If the company concludes and starts accepting cryptocurrency, it will make it the first major car manufacturer to accept Bitcoin payments. The company’s founder and Chief Executive Officer Elon Musk has developed an interest in Bitcoin and cryptocurrencies.

He has been tweeting severally about the viability of the Dogecoin (DOGE), which doesn’t have an important market value attached to it.

Few hours after endorsing Dogecoin, the cryptocurrency rose by an impressive 50%. But regulatory authorities are still concerned about the risks in cryptocurrency investments, with several regulatory bodies warning traders and investors they could lose all their money from crypto investments.

But for Tesla, the company decides to diversify its funds and increased its cash returns. However, Tesla also warned investors about the volatility of Bitcoin’s price in its SEC filing. According to the SEC…

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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited ( ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub ( ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful trading…

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Wisebitcoin Launches Professional-Grade Crypto Exchange



Infrastructure is developing rapidly in the cryptocurrency industry, but the recent launch of the Wisebitcoin cryptocurrency exchange is nonetheless significant in terms of the immediate value it provides to cryptocurrency users. That’s because the exchange has had a beta version available since 2018 while continuing further developments in stealth mode, and already serves over 1.2 million end users with $6+ billion in 24 hour trading volume at the time of its official launch.

In addition to the large user base and deep liquidity, Wisebitcoin also stands out by offering up to 100x leverage to margin traders, with the ability to open a long or short position in their futures market. In the current bullish environment, leverage is a key way that experienced traders increase their exposure and try to profit from volatility.

For example, if a user opened a long position on ETH on January 2nd at a price of $750, they could have greatly multiplied their profits with even a small amount of leverage such as 5x as ETH reached over $1,100 within 48 hours. A simple unleveraged position would have netted $350 in profit, but a 5x position would have netted $1,750 and a 100x leveraged position would have netted an incredible $35,000 in profits from an initial investment of just $750. 

Beyond leverage, Wisebitcoin additionally offers a simple and…

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