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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

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Bitcoin

Behold The Cryptopreneurs – Overcoming The Obstacles Facing The Blockchain Industry

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Integrating blockchain technology is fast becoming a necessity for enterprise ventures and small or large businesses, but with a growing number of choices in the tech revolution, it’s difficult to pick a direction without feeling overwhelmed or taken advantage of. This is where BEHOLD THE CRYPTOPRENEURS comes in.

Private keys, the myth of anonymity, and the battle against anarchist ideology are only a few of the difficult challenges faced by businesses that want to incorporate blockchain into their culture. Author Dennis H. Lewis guides the reader through those challenges and helps them discover the true potential of investing in this new economic paradigm.

Every business has pain points that must be overcome in order to branch out and thrive in an ever-changing commercial environment. Blockchain has real world solutions and cryptopreneurs are not limited to the cryptocurrencies they invest in but rather how they seize economic and technological opportunities to make it work for them.

Innovation, trust, and solutions can differentiate your business from all the noise, but without a solid marketing plan, a cryptopreneur can have the best idea and never get far. Remember: a million great ideas times zero market presence equals zero success.

Investors want to know there is public interest and enthusiasm in a project before they commit any money to it. As a cryptopreneur, you are tasked with generating that interest from the…

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