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Verge (XVG) Just Had Its First Successful Crowdfunding Campaign

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Verge has been around since 2014 when it was first launched as an ICO, and still, we haven’t seen any improvement or groundbreaking changes regarding this currency – at least not until now as Verge just had its first successful crowdfunding campaign. Although the official Verge Twitter account tweeted about the crowdfunding campaign days ago in a way that can be categorized as a bit peculiar, it seems that the team behind Verge and its currency managed to collect the set amount of XVG in the given deadline thanks to the devoted holders and investors. How is Verge doing at the current moment and are there any novelties revolving around the future of Verge?

Verge and the Crowdfunding Campaign

Days ago, it was announced via official Verge Twitter account that a crowdfunding campaign would take place, starting from March 20th. The original tweet stated that the team will unlock and unveil a mystery partnership in case the goal of collecting 75 million XVG is reached. The tweet appeared more as a click-bait add than announcement as the tone of the tweet was overhyping and even sounding desperate from several angles – Verge’s team was even ridiculed for asking for donations, turning the tables to appear as if they were beginning for donations in order to boost the value of XVG in the time of a massive market dip that was actively ravaging the crypto market, eventually taking billions from the total market cap of all currencies put together. The losses were massive, but the market is slowly recovering and hopefully entering April of 2018 with the majority of currencies trading in the green in the moment of this writing, on March 31st, 2018.

However, despite being ridiculed for asking for donations, Verge managed to collect all 75 million XVG within the course of only 7 days, which naturally increased the number of circulating coins, the trading volume and the market capitalization of Verge.

To reward the faithful investors and holders who helped achieve this goal and pull off their first successful crowdfunding campaign, the team behind Verge and XVG released an official video. The video stated that the mystery partner will be revealed in a couple of weeks on April 16th of 2018 to be exact, when another marketing campaign will also take place.

In the video, Verge also stated that the new marketing campaign will be conducted on the global level with a refreshed look, and could possibly in their opinion change the way cryptocurrencies and the world of crypto values are viewed upon. Big promises from an altcoin – can the team behind Verge pull a marketing campaign of such proportions?

With newly collected 75 million XVG it surely can. Not only that Verge demonstrated the strength of crypto community but it also managed to complete their goal of collecting the amount of XVG they needed in the given time, which only took them 7 days.

The crowdfunding campaign is still open so any further donations will be likewise welcome. However, Verge probably wouldn’t be able to collect all 75 million XVG in the course of 7 days with having only micro investors on the board, so they found their Angel Investor in a new currency called TokenPay. TokenPay invested in 66.5 million XVG, so the majority of bought XVG for the completion of the original crowdfunding goal was actually purchased by TokenPay.

The team behind TokenPay state that this currency is “the world’s most secure coin” and it is currently listed on ListICO.io.

Now when Verge is actually taking steps towards implementing changes and improvements the expectations all holders and investors have are probably high, so the team behind XVG will surely need to step up their game as April 16th is slowly approaching.

Verge Listed on another Exchange

It seems that fortune just like misfortune, is never alone, so Verge has good news. XVG is now listed on NexExchange. Having been listed on another exchange platform is a big deal because that means that the visibility and availability of XVG tokens is now broadened, which will greatly contribute to its further progress. On NexExchange you can buy XVG directly by using your bank account, so Verge just got more attainable as well, which should also affect its price in a positive way.

As we are waiting for mid-April, Verge has announced the release of iOS wallet without mentioning the date of launching, along with announcing new projects that could potentially sky-rocket this currency. One of the announced projects is planning and launching an XVG debit card partnered up with TokenPay. As Verge is being wakened up from a long hibernation, it seems that there is yet a bright future for this currency, at least based on its active efforts and the announced projects.

How is Verge doing at the Current Moment?

Ranked as a 26th currency on the global coin ranking list, Verge is going through some positive changes lately, given the fact that Verge managed to host and complete its first successful crowdfunding ever.

After the latest change in the market, it seems that the majority of currencies that suffered from great losses are starting to trade up as we are entering April, and Verge is not an exception.

In the last 24 hours, XVG had a rise of 10% against the dollar and it is still trading in the green. After the most recent positive change in its price, XVG is now being traded at 0.039$ – a price still far from a one dollar price per one unit. However, it seems that XVG will soon be able to reach a higher price and stay there with all the novelties and changes being announced along with the mystery partnership. For starters, we are curious to find out who is behind the mystery partnership, which should be revealed on April 16th.

We will be updating our subscribers as soon as we know more. For the latest on XVG, sign up below!

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 Steven Depolo via Flickr

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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