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Verge’s XVG: Three things you should know

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Verge XVG
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The digital world doesn’t have a lot of more prominent celebrities than John McAfee. He’s been an advocate for crypto-currencies, especially for the ones that feature privacy and anonymity, as Verge does.

Verge’s roadmap is very clear. It privileges what users want, and it aims to get a token value of $15 before the year ends. They might just get there because users are happy and they’re getting a good experience with Verge.

Consistency

Verge came to my attention when it was ranked at 60. Now it’s at number 27, which means it’s been going up steadily. If you’ve been paying attention (as I have), you’ll find that this is an excellent alt-coin to buy right now. It’s more modern; it fixes holes that older (more classic) currencies have left open.

The first priority for Verge is privacy and anonymity (without involvement in the porn world, as EOS has done). This coin gives you the freedom to be public or not, according to your wishes. It protects you always.

Anonymity has been a core value since the first blockchain currency came into being, but Verge has turned it into high art, they do it differently, they do it better, they take it further. In Verge, you can see every transaction ever made without knowing who did it.

Verge: the raw truth

Any corporation or foundation do not support Verge’s XVG crypto coin. It’s an open source project supported by a community of competent enthusiasts. Do not disparage this, just thing that projects as successful and effective as the BSD and Linux operating systems work under those same principles. Enthusiasts put in the work and the funding. It works.

Verge’s transaction speed is very high because it uses TOR on top of the Android wallet. Granted, getting better transaction speeds than Bitcoin is not that hard, but they do it very well, and they do it over Android, which gives Verge access to most of the world’s smartphone users. If you are on Android, you can do XVG transfers in real time while you keep your privacy and anonymity. It’s easy; it’s quick, it’s safe.

The McAfee Tweet

When McAfee tweeted to support Verge, the coin went up 800% in no time at all. McAfee was criticized for this, but it also shows that Verge is ready to take on the cryptocurrency market, all its fluctuations included.

Verge’s market cap is around $899 million. It traded under $0.05 for some time, but then it jumped to $0.07, which is its current value. The token value is quite low for the time being which will make it easier for investors to buy it in bulk, and wait for prices to rise as the platform keeps developing.

Among Verge’s plans is to implement smart contract technology for the XVG currency. That will allow for developing DApps and to use the platform to monetize the contracts. It will get the investors’ attention, mainly corporate and institutional investors. As they become interested in this coin demand and value will rise.

While this development is a safe bet, it won’t happen very soon. The Verge community is planning to finish implementing these features in 2018’s last quarter.

What you need to know right now is that very few crypto coins have so much going on behind the scenes as Verge does. The digital asset has a team of committed and competent enthusiasts behind it. They will increase awareness and keep new features coming around. This is one of the coins that will perform best this year, and this is the time to get a piece of the action. Once Verge takes off, nothing will stop it.

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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 Katopia via Flickr

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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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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