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The Potential of Verge (XVG) and Why It’s Worth Buying

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Verge XVG is worth buying

When buying cryptocurrencies, the biggest question, or maybe a choice, that the investors are facing is which crypto to go for. Many of them that seem popular at some point usually end up crashing down and disappearing from the market.

Others and this mostly goes for the big names, can handle the market crash, but have a lot of other issues that need taking care of. However, there is one that seems exceptionally stable, and its very nature shows that it has a future. We are, of course, talking about Verge (XVG).

Why should you buy Verge?

There are many reasons why Verge is the best bet for investors, especially those who are looking to be in the crypto game for a while.

Verge uses open-source software, and a lot of experts, including John McAfee, agree that it is the best one when it comes to anonymity and security.

As a comparison, those who invested in Ethereum (ETH) had a very tough time after it was hacked, and their tokens just disappeared from their wallets. Security is one of the biggest concerns for crypto users, and Verge has got that covered.

Next thing to point out is that Verge is among the most stable cryptos on the market. This especially goes when it comes to giants like ETH and BTC. True, it also suffered losses when the prices of cryptos dropped at the beginning of 2018, but it suffered much less than some other cryptos.

It is also an efficient choice since it is accepted by a lot of exchanges, even though that might not include the biggest ones, or at least not yet. There were cases of a massive rise in the value of cryptos after some of those big exchanges decide to enlist them, so getting XVG tokens before this happens is a brilliant thing to do.

Another thing that might soon elevate the price of Verge includes its total circulatory supply. It has around 13.5 billion coins currently released, but its set maximum is 16.5 billion. That means that it might soon reach this number, which will impact its price a lot since you will only be able to get it from exchanges or other holders.

Verge to stick despite the bans on anonymous trading

Earlier this year, South Korea decided that it doesn’t like the idea of private blockchain and anonymous trading of cryptos. Private blockchains allow for users to remain anonymous during their transactions, which is different from the way the more-favorable public blockchains work. Because of this, it is expected that private blockchains will, at some point, disappear entirely.

However, Verge has a way around it, thanks to the Wraith Protocol. Basically, this protocol connects two parties by forming a link between them.

That way, you can make both, private and public transactions if you are using Verge as your chosen crypto. A protocol like this has the potential to make Verge compatible with similar regulations that might come in the future, and yet, it still allows for users to have their privacy when it comes to more delicate transactions.

Choosing Verge is becoming more and more practical. It definitely allows for some extra security, but also for anonymity, should the need arise. The benefits are enormous, which is why you should consider getting some of the tokens before the next massive increase in price. Naturally, there are never guarantees when it comes to cryptos. All we can talk about is their potential, and potential is one thing that Verge does not lack.

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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 PaliGraficas via Pixabay

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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

Xeno Holdings Limited (xno.live ), 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 (market.xno.live ), 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.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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