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The anonymity crypto coin, Verge (XVG) sets impressive milestones in the crypto sphere. The crypto community did not fathom its merger with Pornhub. As the partnership brings forth positive tidings, the stake now focuses on the coin’s performance.
Analysts believe that the year 2019 will be similar to the bulls of 2017 (and might surpass it). In the light of this, it is pertinent to decipher the factors that drive the value of Verge’s XVG.
Low Transactions Costs
To make profits with a crypto coin, you have to Hold on for Dear Life (Hodl) pending the moment the coast is clear to let go of your asset. Users tend tip low transaction cost assets with massive growth.
Traders are often sentimental about coins that offer low transaction costs. To this end, Verge’s (XVG) 0.1 XVG transaction cost is a good deal. By saving over 80% of the total cost of transaction, you can grow your finance in the crypto world.
It is a truism that cryptocurrency transactions are faster than traditional payment channels. However, Verge’s (XVG) ten-second transaction confirmation time draws attraction to the coin. In addition to the decentralized blockchain, the load on the network is few. Further, the coin’s ability to convert to fiat currency is a turn-on.
A decade ago, the sole business of digital assets was to trade and make profits. In recent climes, the status quo takes a new shape. The latest trend is partnerships with fiat establishments. Verge (XVG) secured Pornhub and other elegant partnerships. This birthed a new dawn for the adult site as the XVG token became a payment instrument on the platform. With its anonymity, the merger lets the coin provide payment options to millions of Pornhub users.
The recent partnership with NetCents lets the coin become a payment method in various businesses. The integration to these traditional business climes will be under NetCents regulation. The platform (NetCents) will also facilitate smooth integration of the XVG payment tool in interested companies.
Verge (XVG) is living up to the expectations of cryptographic currencies. The coin leverages the Wraith Protocol for anonymity and masking of users who transact through the network. In addition, the TOR and I2P networks will have a facelift in the first quarter of 2019. The anonymity of transactions is a major factor that attracts investors to the coin.
Verge (XVG) is on the rise
The year 2019 is no doubt the year of cryptocurrencies. The unimaginable dip in 2018 made Verge (XVG) slide down the table to as low as being ranked the 51st largest coin my market cap. Subsequently before the year ended, the altcoin took charge to regain its past glories, climbing up the table for a better position.
At present, according to Coinmarketcap, Verge (XVG) is ranked the 45th largest crypto asset.
Verge’s XVG stands in the gap as one of the viable coins to make positive impacts in the crypto sphere. With the anonymity, fast and low cost transactions, and impressive partnerships, Verge (XVG) looks good to turn its fortunes later in the year.