FOMO Coin of the Day : Verge

in #cryptocurrency5 years ago

What Coins are in the Fear Of Missing Out Pump?


FOMO Coin of the Day is where I look at coins in or near the Top 100 in market capitalization that have show an interesting amount of increase in price. This increase can be due to many things, including manipulative pumps. I will give my opinion on the coin, but do your own research if you plan on investing in any cryptocurrency.

While the cryptomarket is trying to find a hold spot from yesterday's drop, very few in the Top 100 of market capitalization were showing any green at all. However, beyond the "cash" coins, there are a few that are still green and doing a little better than a single digit.


verge_logo.jpg

Verge (XVG) has been around for a little while, created in 2014, compared to the most recent FOMO Coins of the Day. So, today's 10% increase, doesn't seem like a lot in a historical perspective. But, if you got in back in mid-November, things have been going well for you.

All Chart


vergy_chart.png

7 Day Chart


vergy_chart7.png

Verge (XVG)

Privacy is our standard.
A secure and anonymous cryptocurrency.

Verge is a fork of Peercoin (PPC), which was a fork of BitCoin (BTC). Unlike Peercoin, Verge is a Proof-of-Work coin. The idea behind Verge is to have a coin that can be sent and received completely anonymously and securely.

Verge uses multiple anonymity-centric networks such as TOR and I2P. The IP addresses of the users are fully obfuscated and transactions are completely untraceable.

Verge got some good/bad publicity last year, because it became the currency on Pornhub. While a lot of people apparently believed that this devalued the usefulness of the coin, I personally didn't think it was a bad thing. I don't use Pornhub, but I do know that the porn industry does one thing well and that is to adopt new technology years before the mainstream market does. Don't believe me? Look up the who pushed VCR, DVD, streaming video, HD video, high speed internet, 4K video, etc... A lot of money is in that and will be in that, for better or for worse.

Besides, if you look at the Verge Vendor page, you can see that they are accept at a lot more places than just the porn shop.

If you have a few minutes, here is an almost excruciating video created by one of the developers about Verge.

So, why is Verge up? Well, there is a Beta version of the iOS wallet being worked on. Maybe that has built up some interest, while people are testing it. PLAAK Exchange listed Verge on the 7th, but it didn't jump until the 10th.

Anyway, it is up and the rest of the market is down.



May the FOMO Forever Be in Your Favor


DeanLogicForkSing-verified.png
Steem Badges

Let the positive energy sing!

More Power to the Minnows!!


DestroyAllBots.png
Trading on Bittrex and Binance
Claim Your Stake with a Stake Box
HODLin’
Stellar Lumen(XLM) -- Cardano (ADA) -- Digibyte(DGB)
Get your old school text-based gaming on.

Play Your Cards and Battle

Coin Marketplace

STEEM 0.36
TRX 0.12
JST 0.040
BTC 70839.13
ETH 3563.41
USDT 1.00
SBD 4.77