John McAfee, the founder of the McAfee antivirus gave his thoughts about various cryptocurrencies last week, including Verge (XVG), Monero and Zcash through Twitter’s microblogging platform. However, his tweet about Verge seems to have been quite weighty because the price of the altcoin ended up doubling overnight.
“I am inundated by people asking me for recommendations on cryptocurrencies. If you would use your heads you would figure out that the privacy coins (anonymous transactions) will have the greatest future. Coins like Monero (XMR), Verge (XVG), or Zcash (ZEC) cannot lose,” stated McAfee in a tweet.
I am inundated by people asking me for recommendations on cryptocurrencies. If you would use your heads you would figure out that the privacy coins (anonymous transactions) will have the greatest future. Coins like Monero (XMR), Verge (XVG), or Zcash (ZEC) cannot lose.
— John McAfee (@officialmcafee) December 13, 2017
The cybersecurity guru’s tweet seems to have created a big impact considering the fact that the price of Verge went up by 100 percent. It also highlights the fact that McAfee has some influence in the cryptocurrency community. He has been known to be quite vocal about cryptocurrencies and is especially biased towards digital currencies that are focused on Privacy, such as Verge, Zcash, and Monero.
Zcash and Monero are top performers in the cryptocurrency game as far as market cap is concerned. The fact that he mentioned them together with Verge seems to have encouraged a positive investor outlook on Verge. The price of the digital currency went up from $0.009367 on December 13th to $0.131282 on December 20th. Verge currently has a market cap of $1,897,663,154 and is currently holding down the 20th position in the cryptocurrency ranking.
It is interesting that McAfee believes that cryptocurrencies that focus on privacy will emerge on top in the future. Such currencies have been growing more popular but then again the future is full of uncertainty. It is also a bold claim especially considering that governments from all over the world are trying to get some degree of control over cryptocurrency transactions. This is one of the reasons why some digital coins focus on privacy.
Meanwhile, the security guru also described XVG as one of the best altcoins to purchase currently. However, he also advised investors to be careful when selecting the altcoins they want to invest in because there is a lot of risks involved. As for Verge, its recent surge was quite impressive but it is also worth noting that it also tanked slightly after that. However, investors are watching keenly to see how the digital currency will behave especially now that it has been tossed into the spotlight by McAfee.
McAfee has also talked about Bitcoin in the past and even went as far as stating that the price of bitcoin will go up to $1 million. However, a lot of people believe that that forecast might be too ambitious.
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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 Gage Skidmore via Flickr
Reasons Why 2019 May Be A Great Year For Crypto
The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.
The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.
With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.
1) Bearish market to loosen its grip
The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…
3 Coins with the Largest Potential in 2019
2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.
Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.
Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.
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Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.
The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.
However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.
1) Ethereum (ETH)
Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…
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