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Here’s Why Verge (XVG) Could Overtake Monero (XMR)

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Verge vs Monero
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Verge (XVG) is currently trading for little over $0.12 apiece, up close to 100% on its price just 24 hours ago and up just shy of 2000% on its start of December pricing. Even for crypto standards that’s incredible run and it’s one that has drawn a large amount of speculative attention towards the token moving into the end of this month.

Here is our take on this coin and its tremendous growth as well as a look at what we expect from XVG going forward.

XVG is all about privacy.

Privacy is an incredibly hot topic in pretty much all areas right now but the application of cryptocurrency to individual privacy is one that’s garnered a lot of attention on the back of the various data leaks and intrusions that have hit press during 2017. Some coins, like Monero (XMR), have really managed to rocket on the back of their ability to leverage this growing privacy concern and in turn, their ability to use it as a marketing tool for the coins that underpin their market capitalization.

XVG Daily Chart

XVG Daily Chart

While XVG has technically been around since 2014, however, it’s not been nearly as successful in getting its name in front of potential investors. Perhaps the primary reason for this is because, when it was initially introduced, its name was DodgeCoinDark and only since a rebranding in 2016 has it been called Verge, or XVG.

So why so slow off the mark?

Because there’s no real company behind this one – it’s a community-driven coin and this fact has served to dramatically decrease the time and capital available for marketing (as opposed to development).

With that said, however, there is a longer-term advantage of focusing on development in favor of marketing and this is why we think XVG could be an interesting one to look at right now.

Essentially, the coin is one of the number one privacy coins available today. When you talk about privacy, many cryptocurrencies incorporate technology similar to what might be used in a VPN to implement privacy features. This, of course, isn’t particularly secure. Only two coins can claim to be 100% secure and they can do this by employing both Tor (The Onion Router), which is an IP service that allows for anonymous browsing by way of a more than 7000 relay-strong network and I2P (Invisible Internet Project), a more complicated (and not totally necessary to understand for the purposes of this discussion) alternative to Tor.

By harnessing both of these anonymity tools, a coin can ensure 100% privacy and, as mentioned, only two can claim this – XVG and the already mentioned Monero.

One of these currently trades for more than $400 a coin and a market capitalization of $6.5 billion. The other trades for $0.12 a coin and a capitalization of just $1 billion.

Even if we see a small percentage shift of the market away from Monero and towards Verge, therefore, we could see a sharp increase in the price of XVG and it’s likely that the run we are seeing in the markets right now is largely due to this type of shift.

So what comes next?

We think this one has plenty more room to run to the upside based on the fact that it’s one of just two privacy coins that have real potential to answer the security concerns that are becoming increasingly prevalent in today’s market. It’s lagging behind Monero right now, sure, but that’s more to do with a lack of market awareness than anything else and the further XVG rises, the more we will see this awareness gap close.

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. Please conduct your own thorough research before investing in any cryptocurrency.


Image courtesy of Verge

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Bitcoin

New Tendencies of Bitcoin Gambling

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Bitcoin gambling
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Gambling has always been an integral part of human nature. Nothing is sweeter than the money you win, and that’s why wagering games have always captivated people throughout history. Last couple of decades saw the gamblers switch increasingly towards virtual gaming, instead of physically being inside a casino. The popularization of online casinos led to the integration of Bitcoin Gambling into the systems and today a very large share of the casino industry is based on the virtual currency.

Reasons behind the transition

The tendency to switch from classic casino environment was dictated by the fact of mobility and accessibility. But the new age has brought us cryptocurrencies like Bitcoin that revolutionized the gambling business. From now on, the gamblers of the world don’t have to rely on traditional banking transactions to be able to enjoy themselves online. A simple crypto-wallet and ownership of virtual currency is enough to engage in Bitcoin Gambling.

Bitcoin Gambling and Blockchain Technology

The big reason for the heavy shift towards Bitcoin Gambling is the fact that Bitcoin and other cryptocurrencies are based on the blockchain technology. This means that the process is decentralized, resulting in a much faster speed of transactions, when it comes to depositing or withdrawal of funds in or from the casino accounts. It also makes gambling incredibly secure,…

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Bitcoin

Bitcoin will return to the bear market? Bex500 senior investor teaches you how to get profit in the Bear market

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—— Don’t forget to join Bex500 bonus program at the bottom of the article.

Since September, the Bitcoin price has been decline from beyond $10000 to below the $8000, which 20% of the bitcoin value has been removed. The collapse of bitcoin price brings about the new panic in the bitcoin trading market. Many bitcoin investors are scared of the returning bear market as the early of this year. On the contrary, some of the bitcoin-believer, especially the investor who brought Bitcoin in the height of the price still thought that the bitcoin price will rebound very soon. However, it is no doubt that the early stage of the bear market has been shown up in the past month. Many crypto analysts start to predict the bottom price of this market movement.

However, as the market developed, crypto traders have detected more tools to safely pass through the bear market. They realized more ways to avoid the loss of the price decline; moreover, they began to earn profit from the bear market. The key to the tools is the bitcoin futures contracts. We are honored to make an interview with Bex500 senior investor Tom Beck and he introduces the details about bitcoin futures contracts. (Reporter=R, Tom Beck=T)

R: Hi, Tom, Thank you for accepting our interview, Could you introduce yourself?

T: Sure, My name is Tom, I have over…

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