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Verge (XVG) continues to generate a mixed reaction among crypto analysts since its inception in 2013. Why some quarters argue that it is an excellent coin built on the premise of privacy, others believe that it is a coin with a vague framework.
Despite any viewpoint Verge continues to be one of the popular coins among crypto investors and lies 47th in terms of market cap. It is common that most new investors tend to focus on the top 10 coins when starting out in their investments.
Verge (XVG) is a token that promises much but has gained mixed success in the past years. We analyze the coin giving a holistic approach to differentiating between the myths surrounding the blockchain and the reality.
Is Verge (XVG) Is Limited To Private Transactions?
Verge (XVG) is frequently dismissed by some analysts as a coin that is vague in its application and can only be applied effectively for private transactions.
There have also been claims that the limited partnerships the coin has made in comparison to other rivals such as Monero is evidence to its lack of application in other sectors.
This is not true as Verge (XVG) has worked hard in improving its technology to make transactions faster and currently offers Android, iOS and desktop wallets. The coin has also been listed on top platforms in recent months including Bitnovo, Netcents and Crypto Planet.
This shows that crypto investors believe in the use of XVG to process transactions in different sectors.
Verge (XVG) Has Made Huge Gains Since Its Partnership With PornHub
Verge (XVG) made the headlines when the blockchain company announced a partnership with top adult site PornHub. The partnership which allows members on PornHub to make payment of subscriptions via the coin has been a mixed success.
The initial euphoria of the partnership created massive awareness for the coin which saw adult film traffic website follow suit in a partnership with XVG. However, the dip in value due to the crypto slump has seen some of the gains wiped out.
Despite this setback, Verge (XVG) has shown in recent weeks that it is committed to bouncing back with the release of updates towards the end of 2018.
Conclusion: Verge (XVG) Has The Potential To Be The Top Privacy Coin
Verge (XVG) is currently second to Monero in terms of popularity among anonymous coins but has shown signs of rebounding in recent time.
2019 could be the year where Verge (XVG) demystifies claims of its limited use and takes its place among the top coins in the market.