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

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Verge XVG is worth buying
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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

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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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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