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XVG Pornhub Partnership Not Enough to Save Verge

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Back in April of this year, Verge (XVG) revealed a mysterious partnership that was expected to bring the coin to the new heights. The partnership, as we know now, was with adult entertainment website, Pornhub. However, it would seem that the XVG Pornhub partnership was not enough to save Verge from sinking.

Verge goes down despite XVG Pornhub partnership

The partnership between Verge and adult entertainment giant came as a big surprise for the XVG community. Pornhub was even commended by many for trusting in cryptos and introducing them as a payment option. Even the media was excited, calling this the biggest partnership in the history of cryptos. In fact, many believed that this will lead to a mass crypto adoption and that it will even change the stance toward the digital currencies, in general.

For a time, this seemed to be true, as the price of Verge skyrocketed once the partnership was first revealed, back in April. However, the price surge did not last for long, and XVG-Pornhub partnership ended up being only a temporary boost for Verge.

The reasons behind the doom of Verge are no secret. Not only has the entire year been a disaster on the crypto front, but the coin even got hacked via a 51% attack. The attack affected over 35 million coins in around 5 hours, which has left deep scars on Verge.

Soon enough, the coin started dropping, and over the course of a few months, it landed at the 39th place on CoinMarketCap’s list. Naturally, its price went down as well, and the coin is currently valued at only $0.013661 per unit.

Pornhub decides that going crypto is the right choice

Pornhub, on the other hand, realized that going crypto was a good call. However, choosing Verge probably was not. Because of that, the website quickly became interested in other coins, like VIT (Vice Industry Token), ZenCash and TRON (TRX). Soon after that, they also entered into a partnership with PumaPay in order to make crypto payments more easier for consumers.

While great for the crypto world, the new partnership also affected Verge in a negative way, as the coin was no longer the only crypto on Pornhub. With everything that happened up to that point, Verge continued to drop until it reached the position it holds today. Obviously, Pornhub wasn’t interested in saving Verge. Even so, the coin tried entering new partnerships after XVG Pornhub deal backfired, but it did not help much, as we can see today.

In the end, many believe that Pornhub just used XVG, especially since it benefited from this partnership more than the crypto has. In the meantime, the crypto market continued to be unfriendly all the way until a short break in August, which also wasn’t too good for XVG. Whether the coin can make a comeback or not is anyone’s guess. As for the crypto community, the fall of any coin is a tragedy, and many hope that Verge will eventually find its way back.

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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. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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Encrypgen’s New HODLING Incentive Program May Send DNA Token Soaring

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Cryptocurrency traders have enjoyed a Bitcoin moon shot during the past few months.  Those gains have created a much more enjoyable environment for crypto bulls.  Whether it’s a temporary or permanent increase remains to be seen but hitting the 10,000 level has put everyone in a better mood.  Unfortunately, altcoins have not had experienced the same type of gains and are lagging significantly behind Bitcoin.

I’ve written articles in the past year that there is at least a decent chance that many altcoins won’t survive the current environment.  The ones that do will do so because they created a platform that has real world usage.  After spending countless hours researching many of the existing altcoins, I’ve yet to see a company that is more promising than Encrypgen (DNA).

Encrypgen Background Information

Encrypgen is a genomic blockchain network that provides customers and partners with best-in-class, next generation, blockchain security for protecting, sharing and re-marketing genomic data. This creates a fair marketplace for a person’s DNA that can be stored privately and sold (if a person wishes to do that). A person’s DNA can also be shared privately and securely with their physician for their personalized care.

Typically, people can send their DNA off to a lab to find out who they are and where they come from. As fun as that might sound, there is a significant security problem…

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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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