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XVG monthly analysis report: How did Verge do in April?

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Verge XVG april analysis

While April was a good month for most crypto-coins, it was a particularly excellent and momentous period for Verge (XVG). New partnerships where announced, it’s been traded in the green for most of the month and the last two weeks have been quite exceptional.

The month’s main event was the announcement of a new partnership with MindGeek that will allow XVG to become a payment method for Pornhub, one of the world’s most abundant adult entertainment in the world. After the deal was kept mysterious for some time, the revelation made the coin soar after April 17th.

Let’s see in more detail how Verge performed last month, in April.

Verge and the Market in April

Verge’s performance against the dollar has been incredible. It went up by 25% during April’s thirty days (and the figure has been 67% over the last 60 days). Most impressive has been the full year’s increase which is currently at 94000%. That is nothing short of fabulous, and it has turned XVG into one of the most sought coins in the market.

Verge and Spotify

Once the XVG community came out with the idea of partnering with Spotify they’ve been working hard to make it happen. A vote will decide if Spotify should adopt Verge (XVG) as a payment method. It allows for all interested parties to cast a vote.

It seems it all started when an XVG volunteer excited the Spotify’s community curiosity precisely by suggesting the creation of a voting poll.

The polling has been going on for about two weeks now, and it is still active on Spotify’s community webpage. It’s had more than three thousand votes in favor so far.

While the coin is still in the air, a partnership between Verge and Spotify is an exciting prospect, and the idea is becoming more popular chronologically.

Verge and TrafficJunky

The MindGeek partnership also opened the way for Verge to do business with TrafficJunky, which will also be important. It seems like a natural step forward since PornHub is one of TrafficJunky’s affiliates.

TrafficJunky is among the world’s leading marketing services. It gives each client an individual, unique, and customized approach that answers to every customer’s wishes, needs, and resources.

TrafficJunky’s immense popularity (over a billion daily hits) and expertise in marketing will also provide XVG with much more exposure. Both firms joined forces last May 4th, and it’s expected to be very beneficial for them. Verge will provide means to fund TrafficJunky’s user accounts.

Now

Currently, most coins have been trading in the green (again) for sustained periods of time, so the market is thriving, and Verge’s XVG is a crucial part of that. In compliance to last 24 hours, It also has been trading on the green (7.1% increase in value) and rising against both the dollar and Bitcoin.

The latest status is that Verge’s current price is $0.0753 per token, which could seem low taking into account it’s been as high as $0.22 in the past. But if it keeps performing as it has, it will reach new heights sooner rather than later.

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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 Alex Skopje via Flickr

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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Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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