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Is Verge (XVG) Getting More New Partnerships On Board?

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Verge
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After Verge started their first crowdfunding campaign, everyone was waiting impatiently for the revealing of the mystery partnership announced back at the end of March. However, after the announcement that Verge partnered up with Pornhub, XVG immediately started to drop. On April 17th when the partnership with Pornhub was announced, XVG lost over 30% of its market price as it seems that many of “small” investors were not happy with this outcome. However, Verge is still working on acquiring new partnerships, which could be more benevolently accepted than the story between Verge and Pornhub. So, let’s see which partners are waiting to seal the deal with XVG.

Verge and MoreFun

XVGWhale, a Twitter supporter for Verge tweeted a couple of days ago that MoreFun decided to drop the idea about ICO, which means that MoreFun will instead use integrated XVG wallet for onsite payments.

The thing about the mentioned tweet is that the news about a new partnership with MoreFun didn’t come from an official source, but from one of the supporters of Verge and XVG currency, so we can’t consider it to be more than an indication at this moment. The Verge team seems to be quiet, not only about this matter but rather embracing complete silence since Tuesday, April 17th, when the partnership with Pornhub was announced.

This is not a strange case at all as the XVG team probably needs to take some time in order to decide what the next step for XVG would be. Moreover on this case, since the lead developer was unavailable for giving statements at the given moment, one of the representatives from MoreFun stated that they have a new partnership inline. However, they didn’t say whether the mentioned partnership would be sealed with Verge.

On the other hand, XVGWhale has been an XVG supporter for quite some time, so we can probably take their word when they decided to tweet about Verge getting into a partnership with MoreFun, also stating that MoreFun will be using an integrated XVG wallet that will be used for in-game payments.

The time will show whether the indication from the side of XVGWhale stands as a real deal. However, until Verge or MoreFun representatives decide to officially announce this news, we can only guess.

Verge and MindGeek

The most recent announcement that Verge is getting into a partnership with Pornhub, which resulted in an immediate drop of around 30% down in the market, was probably slightly misinterpreted by the press and the public likewise.

Although Verge is getting accepted as a payment method on Pornhub, one of the most popular and biggest adult entertainment websites, XVG didn’t partner up directly with Pornhub.

Verge team partnered up with MindGeek, which is actually an IT and marketing company that owns all major adult entertainment sites and it is said to have over 500.000 dollars in revenue on daily basis, which is needless to say an extraordinary achievement.

What MindGeek is planning to do for XVG is to make it more exposed to the eyes of the public which means that the reason we have Verge as a payment method on Pornhub is because MindGeek decided that it would be a great strategic move for XVG’s exposure to remind millions of people that are visiting Pornhub every day that they can use Verge for safe and secure payments.

Verge and Token Pay

It was originally thought that the mystery partnership that was to be announced as planned on April 17th was actually going to happen with TokenPay. Verge community has been for some time now implicating that TokenPay is going to pair up with XVG in order to bring crypto debit cards that would integrate XVG into the electronic wallet. The active community on Reddit claims that this partnership is going to happen very soon.

They might not be far from the truth as the two representatives from both team, team Token Pay and team Verge are having close collaborations followed with great publicity. Together, they are working on different meetups, workshops, and blockchain oriented meetings, so implicating that TokenPay might soon officially partner up with Verge couldn’t be that far from reality.

How is Verge doing at the Current Moment?

Unfortunately, Verge has gone down with the latest change in the market, embracing a minor wave of drops while it is being traded in the red as of the recent events.

Up till this point, Verge was doing pretty well while recovering from the market crash that went on for days, however, it seems that their appearance on Pornhub as a part of their partnership with MindGeek didn’t suit all their holders and investors likewise. That is how this currency went down in the market for 30% just in the middle of its rebound.

The reason for that case is said to be the above-mentioned partnership as the drop occurred immediately after the news was released on Tuesday, on April 17th.

At the current moment, Verge is trading in the red after the most recent drop of -2.68% against the dollar, while also dropping against BTC for 2.49%.

After the most recent drop, one XVG unit can be bought at the price of 0.068$ per one unit, which is still far from its record price of 0.23$ as recorded back in December of 2017.

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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.

Image courtesy of Matt Robinson via Flickr

Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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