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

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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

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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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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