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Verge [XVG] is a mysterious hero – 30% gain despite the FUD

Sthuthie Murthy

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There is a very strange phenomenon happening in the crypto space currently, after they unrevealed mystery partnership news. Verge has continued to remain a mystery leaving behind questions unanswered and doubts unclarified.

When the entire market is dripping in red, it is good to see some green sunlight and Verge is the winner here. Today’s Hero in the crypto world, XVG has not stopped soaring since the last 7 days with an approximate gain of 32% in its volume. A few weeks ago, Verge was just below the top 20 coins, standing at 22 and has climbed up to the 19th position. The prices have been increased further with the current trading value at $0.08 and a market cap of $1.19 billion.

Verge is evidently proving that it is no less than the other assets and it is the time people stop underestimating this coin, claims a market analyst.

Jeremy Cornell, an XVG holder says:

“A future with Verge is a future full of privacy, simplicity and easy. They have all the necessary tools for mass adoption, this is a company to back and hold. Great response and wonderful management skill at the public.”

Kristen, a Twitterati said:

“Teamwork! Collaborations! Community! Solidarity! Verge family. Playbook of a successful currency, Verge.”

The market with Bitcoin and Ethereum is on a steady downtrend, whereas Verge as one of the very few coins doing well with more than 80% rise in the last 30 days. This was the coin that was frequently undermined being called a scam coin in the market.

According to a recent post from Medium, Verge has solved a Blockchain vulnerability in record time:

Last week, Verge Currency stepped into the spotlight of a targeted attack, resulting in a solution which required an intended hard fork to occur. The exploit was associated with one of the mining algorithms — Scrypt and other cryptocurrencies; such as Ethereum, Litecoin, Bitcoin, Monero, and several others have also unfolded very similar attacks.



Verge has proven itself to operate and react the way any reliable top contender should when such challenges pop up. In the past, the above-mentioned cryptocurrencies took weeks to solve their issues, while Verge did it within a record time of 72 hours along with prepared updates for the wallets.

Jose Davis, a Verge enthusiast tweeted:

“Reddcoin to the moon quite soon, time to buy today! Verge has been my best coin recovery since the crash and the hacked fud barley even put a dent in the positions I took out earlier it’s gonna be “the” Stable coin.





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Sthuthie Murthy is a full-time reporter at AMBCrypto. She has been researching and writing about the Blockchain technology for a year now. Her passion for blockchain has led her to be a part of AMBCrypto's news reporting team. She does not hold value in any cryptocurrencies currently.

Bitcoin

Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra

Febin Jose

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Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra
Source: Pixabay

Bitcoin [BTC], the world’s largest cryptocurrency, saw a significant surge earlier this month, helping the coin break strong resistance at $5,000 and $5,200. Following the great fall of the king coin in early 2018, the Bitcoin ecosystem was struggling with scalability and technological issues, eventually leading to the hard fork.

Bitcoin.org’s Cobra, who is also the co-owner of Bitcointalk.org, has always maintained that Bitcoin was the cryptocurrency to look out for through his various Twitter bouts with prominent personalities in the cryptoverse. Due to his strong, unbridled support for Bitcoin, he has often trashed altcoins for their low market dominance.

In a new Twitter thread, Cobra spoke about the “biggest threat” to the Bitcoin ecosystem. Even though many crypto-enthusiasts believe that governments and technological issues were the biggest threats to the king coin, Cobra had a completely different opinion.

According to the Bitcoin maximalist, users have the potential to signal Bitcoin’s doom. His tweet read,

Source: Twitter

Source: Twitter

Though most Bitcoin supporters usually support his opinions, this tweet was met with a lot of resistance. Twitterati swarmed the thread in an attempt to prove him wrong. A user named @MrHodl alleged that this could not be true as Bitcoin had “no community.” He added that this, in turn, prevented toxicity in the ecosystem.

Cobra replied to the tweet stating,



“I think there is a community, it’s just not fully representative of everyone with a stake in Bitcoin. Most holders are quiet and not too familiar with what’s going on. There’s people with 1000+ BTC and they don’t engage at all with discussion platforms, just lurk.”

Some Twitter users took it as an attack on Bitcoin investors and opposed Cobra’s stance. A user @CarstenBKK commented,

“Maybe I am lost in translation. What do you wanna tell us? That you are part of Bitcoin network of people owning/using it, but you are just disgusted by the idea, that the network is called community in the sense of direct human collaboration and affection to the groups ideals?”

Previously, Cobra had accused Twitter’s Jack Dorsey and Square Crypto of pandering to Bitcoin users, while also suggesting that the crypto project was merely a way to bring in more users for Dorsey’s CashApp. His tweet read,

“Gotta respect how hard @sqcrypto is pandering to Bitcoiners. Very clever how @Jack has embedded himself in the community; in return the community promotes @CashApp, which gives that service a small but dedicated and activist group of early users.”





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