Connect with us

Blogs

Verge (XVG) Spikes Again, but Decides to Go Against the Trend

Published

on

Verge
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto markets went red yet again, and Verge (XVG) experienced another spike.

The Q1 of 2018 saw many changes in the crypto world. A lot of cryptos gained an unimaginable popularity, but it seems that not that many of them reached the same heights as Verge (XVG). The prominence of this coin has helped a lot, and despite the fact that the market saw some troubles in April, XVG still managed to grow.

The rise of Verge

Asian trading saw an increase in XVG for up to 11%, which made it reach around $0.075. The last day brought quite a big pickup when it comes to its volumes, considering that verge started the previous month with its value being at $0.04.

Another interesting thing is definitely the price when it comes to Bitcoin denomination, which went close to 1,000 Satoshi. XVG managed to stay as one of Binance’s biggest trading assets, with its rank being among the top 5. EOS and TRON did experience quite a boom as well, which helped them get ahead of XVG, though.

Verge is currently trying to stabilize its position and make it credible and solid. The next biggest event that might bring some changes here is an Amsterdam-based meetup. This is also the city that is showing a lot of potential and crypto-friendliness.

As for the Verge project, it has experienced setbacks as well. Some of them are discounted, some are even completely forgotten. However, there are also a few that are seen as reasons to doubt the project. XVG’s hype and volatility, for example, are seen as a very off-putting feature of this currency. Despite the fact that this is something that more experienced traders can benefit from, newcomers might be seriously damaged by it. The large difference in volumes is also something that is not desirable.

So, what is happening with Verge?

There are many who think that the activity of Verge is largely exaggerated. Things like concerted pumps or even the use of bots for such matters are not unheard of these days. This is especially convincing when periods of extreme activity are followed by entire weeks of nothing regarding the organic growth.

However, there are other analysts who believe that Verge is one step away from another breakout. They think that this is something that can be expected to follow after the recent price growth.

For now, XVG is planning to launch a new debit card which will allow the asset to be spent. This is also expected to bring some positive developments to the currency, which currently remains somewhat subdued. The price is mostly down due to the lack of buying. Since the volumes regarding both, selling and buying, the price seems to be stable, which discourages users from buying more.

When it comes to digital assets, Verge is one with a pretty low price, which can be attractive for those who believe that a massive increase will come. So far, it has shown the ability to go up to $0.26, which happened in December, but since then, it crashed like all the other cryptos, with its price finally stabilizing at the current value of $0.07.

For the latest cryptocurrency news, join our Telegram!

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 Amir Kbah via Flickr

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip
READ LATER - DOWNLOAD THIS POST AS PDF

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

Continue Reading

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

Published

on

collateralized debt position
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

Published

on

Hodium
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Elite