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Why Verge (XVG) Should Still Be On Your Crypto Investment Radar

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XVG
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The Verge (XVG) protocol has been hacked twice with the hackers managing to mint XVG from thin air. There has been a public outcry even after the recent software patch of the latest hack was announced via Twitter. The XVG team member in charge of marketing and operations, Kriss Chase, made the announcement on his Twitter page as follows:

“A patch has been deployed on Github (10 hours ago). Update has been successfully pushed to [GitHub]. Please keep in mind process to reactivating exchanges etc. may still take some time.”

The response was positive from the Verge family in terms of the XVG development team working fast to resolve the issues. However, concerns still linger as to whether the new patch would be sufficient to sort out the timestamp issue that had led to a rogue miner ‘back-dating’ the timing on blocks to fool the mining protocol.

These are genuine concerns, but there is no software project that has not had teething problems. The Mac, PC, Android Phone or iPhone you are using, has had its rough days in terms of having a functional operating system that still has vulnerabilities that are yet to be discovered. All it takes is some rogue hacker to put some time in it and find such a vulnerability.

Therefore, XVG should still be in your Crypto Investment Radar.

As a matter of fact, this is the best time to buy some XVG in bulk as everyone heads to the hills by cashing out their XVG vault of coins.

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Current market analysis indicates that the coin has dropped to the number 32 slot according to coinmarketcap.com. XVG is currently trading at under 5 cents and down 2.29% in 24 hours. The current general market decline is also to blame for the dip in the value of not only XVG to current levels of $0.0414 but the entire crypto-market that has seen BTC go below the $7,500 mark.

One thing to look forward to and with respect to XVG is the anticipated collaboration with TokenPay (TPAY). Both these projects have been collaborating on a lot lately. They have jointly organized a meetup in Amsterdam this June and will be listed together on the same day on a new exchange that is in its ICO phase called CurrenX. Another rumor that might materialize, is the XVG debit cards supported by TokenPay.

Therefore, and in conclusion, XVG still has some promise once the coin and project work past the current FUD that is the hack of its protocol. Meanwhile, if you are a shrewd investor, it might be time to buy in during the proverbial dip experienced by XVG.

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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.

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Altcoins

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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Altcoins

Litecoin Cash (LCC): The potential mover?

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Litecoin Cash
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Litecoin underwent a hard fork in the past, and that is what led to the creation of Litecoin Cash. Bitcoin has also experienced a hard fork, which has led to the creation of Bitcoin Cash, so this trend is not necessarily brand new.

Forks have occurred pretty often now in the cryptocurrency community, and the perception is that it probably will continue to, as long as the need (forks are often created to overcome issues faced by the originals) remains there.

While the market has been bearish for most of the year, it has been showing some definite signs of life, especially when we look at the kind of price action that has been happening with Ripple recently. Litecoin is also rising in anticipating of its hard fork, which is to be expected.

For those who are unaware, Litecoin Cash was created earlier this year. 10 Litecoin Cash was given to every investor who had 1 Litecoin – and that one move, it’s easy to see, was very massive concerning value.

Charlie Lee, the founder of Litecoin, has come out against LiteCoin Cash, calling it a scam. Many cryptocurrency influencers have come out against Litecoin cash, although there are still others that believe that this is only because the project threatens them.

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Altcoins

The Stage is Set for Stellar XLM vs XRP

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XLM vs XRP
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The digital asset of XRP, did something spectacular on the 18th of September when it shocked the crypto-markets by rising in value by 21%. In a time period that was less than 5 hours, XRP spiked from levels of $0.273 to those of $0.332 and has continued rising. The digital asset is currently valued at $0.36.

xRapid Factor

The reason for the sharp increment in value of XRP was news that the Ripple company was going to launch xRapid in the next month or so. This was after the firm’s head of Regulatory relations for Asia-Pacific and the Middle East, Sagar Sarabhai, made the following comments during a CNBC interview on the 17th of September:

“I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production.”

Stellar’s Cross-Border Payments

The news of Ripple launching xRapid has come 2 weeks after the Stellar project and IBM, announced that they were entering the industry of cross-border payments through their new service known as IBM Blockchain World-Wire. The new payment settlement service has been quoted as being ‘near instant’ meaning that it will probably rival the transactions time seen in the xRapid pilot tests of 2 – 3 minutes earlier on in the year.

Stellar Acquiring Chain

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