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Your 2018 blockchain portfolio should include Verge (XVG). This is why.

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The cryptocurrency market has no shortage of options. You can currently trade in thousands of different crypto coins. Most of them remain irrelevant, but a handful of alt-coins have found a way to carve a niche suited to their particular characteristics by targeting the industries that can benefit the most from them.

So, for instance, Tron is going for full web decentralization while Stellar and Ripple are trying to become the standard in international bank transfers. So what is Verge’s (XVG) deal? Let’s find out.

Verge’s XVG usefulness

If a cryptocurrency is going to succeed it has to be useful. Some of them are actually designed to be used in a particular way or to provide a distinct characteristic that will be attractive in a specific market. Verge’s (XVG) supply is limited, so demand creates value.

Usability, in turn, creates higher demand and drives prices up, so they become good choices for investors who are trying to profit from the trade. Verge’s XVG was created as a retail crypto coin, something you can use on an everyday basis to pay for goods and services. While it’s not confined to any specific industry, it’s more useful to make personal payments than to deal in cross-border financial transactions, for instance.

Bitcoin‘s massive rise in price has to do with the fact that it offers a safe environment in which it’s easy (if slow) to make payments of many different kinds. 

Banks have recently embraced Verge, so soon you could find your local bank offering you a Verge debit card. As Bitcoin, despite being the most prominent player, still is not fully trusted by markets and institutions, other crypto coins that offer a comparable type of functionality are rising in popularity among investors and users.

Anonymity: Verge’s hallmark

Guaranteeing security, privacy and anonymity have been Verge’s top priorities since the beginning. It combines anonymizing protocols such as TPR and I2P to ensure every user’s anonymity on every transaction by masking their IP addresses. 

That way you just cannot trace transactions back to individuals, and this is a feature that attracts many users in the world who care about their privacy but still want or need to be a part of the digital economy.

Open source technology

Some cryptocurrencies have been developed for profit by private corporations. Verge, on the other hand, is a fully open source project with a very committed community that keeps its development going on and manages the environment and functionality. Profits are not on the table for them (as developers or community members).

This means that any XVG holder can interact and work with members of the platform’s core developers and contribute to any of the different ongoing projects aimed to make the platform better. The kind of alt-coin based on a community instead of a company has become quite popular recently because it brings users to the project’s heart.

It taps into a large pool of intellectual resources and skills, and it creates incentives to join the platform. It also brings transparency and accountability to these projects and promotes innovation. This is the very same model in which projects like Mozilla, the Linux kernel, and other open source initiatives have thrived in recent decades.

Cheap transaction costs

Besides protecting privacy, speed and low cost of transactions are also core values for Verge. Low speeds and high fees have been the way to do business involving fiat currencies for a very long time, and Verge aims to tackle that problem.

The platform was released with a large number of tokens in circulation in order to promote mass adoption. The more users they have, the better the liquidity becomes. It also allows for transactions among other blockchains, so it’s even more useful that way.

Partnerships

The right partnerships give digital currencies credibility, brings them attention from outside the crypto word, and expand their user base. Verge has recently scored some that could make all the difference.

In the last few weeks, Verge has been adopted by MindGeek and TokenPay, and these new partners alone could propel the coin all the way to the top ten.

Many more cryptocurrencies continue to join the market. But only those that offer some added value in the form of utility and benefits will have a chance to compete. The value for users becomes the value for the coin and, in this regard. XVG has proven to be ready to take on the market and make itself valuable both in price and usefulness.

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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 Pxhere.com

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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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…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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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…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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