Connect with us

Blogs

Will Verge (XVG) Overcome Negativity and Rise Higher?

Published

on

Verge
READ LATER - DOWNLOAD THIS POST AS PDF

On 12th March 2018, Verge (XVG) had reached a market cap of $590 million. Today, the market cap shows (at the time of writing) approximately $511 million USD. From yesterday, according to Coinmarketcap.com, there has been a 5.98% fall in price. At the time of writing, the day’s high price was $0.0355 USD while the low was hit at $0.0347 USD. On March 12, at one point the market cap showed $597 but at the end of the hour, the market cap displayed was $590.

XVG on 11th March had traded on 11th March at approximately $0.0388 and the market cap was near about $571 million and the 24h trading volume showed $8,144,640. Compared to this there had been a surge of 4.84% on 12th March. However, after two days, on 14th March it was down by 5.98% (24h). Considering high volatility features of the cryptocurrency market, this fluctuation may seem to be nothing other than the result of volatility. But, a general downtrend of XVG has been observed in this month. The crypto coin has yet to master and maintain an uptrend that would push past the $0.040 resistance level. From 6th March to 12th March 2018, the XVG price charts (coinmarketcap.com) had shown a constant drop. This had helped in creating a negative environment around the crypto coin. After the upsurge in price at one point on 10th March (the price had just surpassed the $0.042 level), the price had again increased on 12th March. After that, the price movement had shown fluctuations (that is not so unusual) but has yet failed to touch even the $0.040 mark.

Reason for the Negativity

The failure of Wraith Protocol in providing privacy and anonymity to the Verge users is believed to be one of the major reasons for this negativity. This letdown of the protocol has made the Merkle list Verge (XVG) in the 5th position of the “Top 5 Crypto Fails of 2018” on 9th March 2018. This has also contributed to the overall negative sentiment. According to sources, the major complaint about Verge is regarding the privacy fiasco with some people even saying that it was a sure shot failure from the start. These allegations may not be entirely true but they can have a profound impact on the investors. However, it is to be understood and remembered that the blockchain technology and cryptocurrencies are still “new system” and are undergoing many changes (read as developments) and upgraded features are being launched every other day.

A Glimpse at the Well Known Features of Verge

  • Verge is still now the one and only cryptocurrency that has a TOR Android wallet. The TOR Android wallet comes as a latent service. Furthermore, this wallet does not operate on clearnet.
  • Verge is also the only crypto coin that runs I2P Electrum.
  • The company also features I2P Android Wallet.

The above-mentioned features give an edge to Verge (XVG) over other privacy-oriented crypto coins. Some experts say that full incorporation of Wraith protocol into the Verge platform is more likely to attract the attention of the investors and traders.

Closing Thoughts

The big question now is whether Verge coin will bounce back after this negative sentiment. The cryptocurrency market experts say that the time has not yet come to lose hope on the crypto coin and neither is there any need to spread FUD about XVG. However, the ranking of XVG on coinmarketcap.com has dropped from 31st position on 12th March to 32nd on 14th March. The experts still believe that Verge is one of the most promising cryptocurrencies of 2018.

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 abhijit chendvankar via Flickr

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

Published

on

Bitcoin crash
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

Top 3 Coins to Buy Before They Go Big

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

Published

on

crypto credit cards
READ LATER - DOWNLOAD THIS POST AS PDF

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,…

Continue Reading

Elite