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Verge (XVG) Just Had Its First Successful Crowdfunding Campaign
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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

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Bitcoin, Litecoin, Ethereum, and Ripple On the Rise

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The recent development in the cryptocurrency industry is a rise in price for many of the core digital coins. We believe that the unexpected price hike is due to the renewed interest of the key players in the industry. Many investors, speculators, and traders are rushing into the number one cryptocurrency; Bitcoin like never before. Other altcoins such as Ethereum, Ripple, and Litecoin are not dormant either. The effect of the influx is the soaring prices of the digital coins within seven days.

The price of the crypto leading giant-Bitcoin has increased at 25.74 percent in one week. Ethereum also gained 18.76 percent increase in its price. Litecoin and Ripple also recorded some percentage increase in the tune of 53.20 percent and 16.12 percent respectively. It is no just these few popular coins that have gained in one week. From what we have gathered, 94 digital coins amongst the leading 100 cryptocurrencies are also experiencing the rise in price. This information is according to what TradingView published in April 2019.

According to them also, other cryptocurrencies gained in value while others declined. From their calculations, six digital currencies advanced while ninety-four was on the decline. Also, another information shows that the increase in Bitcoin price has reduced the value of other assets such as bonds and stocks.

The possible reason for the rally

Many people are wondering…

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Crypto Market is Not Free from the Bearish Trend Yet

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Investors and traders are still speculating over the bullish trend that shook the market this past seven days. However, amidst the joy of the price hike in the industry, some people are still cautious. A crypto trader with the twitter handle of BTC_Macro is advising other players in his tweet to be careful. According to him, the bearish cryptocurrency market is not over yet.

In the tweet, the user admonished players in the market not to listen to the people saying that the bears have given up. It went further to say that Bitcoin may still plunge uncontrollably anytime even if it breaks the $6K mark. When this occurs the twitter user continues, any scenario may occur. The advice is that players in the crypto market should be on the neutral side. According to the user, it is not safe to be on the bullish side or the bearish side. Instead, players should be on their toes without bias.

How Trader reacts to price movements

Over time, it has become evident that many traders usually go against the market majority during bearish or bullish trends. Well, there is usually some logic backing up the reactions.

It is true that we have seen the longest bearish trend in the history of cryptocurrencies. Everybody who has a stake in the crypto market is expecting the day of the bull’s rise…

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The Interoperability Problem of Blockchain May Soon Be Over

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Crypto traders have certainly had a rough time since early 2018. The markets have tanked resulting in large losses for nearly everyone involved in the market. While that’s bad, what’s even worse is the fact that many projects have failed to deliver on their roadmap. Blockchain technology has been hailed as the next great advance in technology. And while many companies are making strides toward fully implementing blockchain-based technology, there is still a long way to go. As promising as blockchain technology is, there are still limitations that need to be addressed.

Limitations of Blockchain Networks

Although blockchain technology is certainly the future, the existing technology will need to be improved before it can go mainstream.  A few of the current limitations include:

  • Limited Scalability – Blockchain networks have consensus mechanisms that require each node to verify a transaction. This verification requirement slows down the network and limits the total number of transactions that can be processed.
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