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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

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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