Coin of the day is Verge.
Verge team is developing the whole stack of technologies which will help users to protect their privacy in the future. Apart from integrating both i2p and Tor anonymity architectures, Verge also delivers muti-algorithmic mining support that makes it possible for miners that use a wide range of hardware to participate in mining and network maintenance.
Latest events
Technicals
After a drawdown XVGBTC still stays in the bullish bias, though pretty big correctional recession happened. After the crucial announcement, the coin price went down, came back below the 0.00001 level, which was strong support for the starting uptrending cycle. Nonetheless, the fall stopped around the 100-days EMA, and XVGBTC started to draw a rebound pattern, recently the price broke above the Neck Line of the Reverse Head And Shoulders pattern, which favors the beginning of the new bullish cycle. The breakthrough accompanied with a rise in volumes, which shows that the price is looking attractive for investors again. The 0.00001 resistance will be crucial for the future uptrend development, breakthrough above it would be a buying signal. Near-term support is 0.000008 level, which should stay strong to support the Reverse Head And Shoulders formation. 100-days EMA should act as a support for the overall rebound scenario, breakthrough below the 100-days EMA would lead the price into a downtrend.
Verge team is developing the whole stack of technologies which will help users to protect their privacy in the future. Apart from integrating both i2p and Tor anonymity architectures, Verge also delivers muti-algorithmic mining support that makes it possible for miners that use a wide range of hardware to participate in mining and network maintenance.
Latest events
- 15 April – statement about Verge and Tokenpay planes: “As many are aware, we contributed 66,500,000 XVG to the Verge crowdfunding campaign in order to secure a major deal for the coin and solidify a strong lifetime partnership that will ultimately benefit both the TPAY and XVG community… the alliance includes co-branded debit card solutions for TPAY and XVG and several planned deep integrations of XVG in to TokenPay platform rollout initiatives.”
- 17 April - Verge announces a partnership with Pornhub. Major global pornography conglomerate PornHub stated that they will now accept the cryptocurrency Verge as a means of payment. Negative reaction of caused a sell-off of the currency. Nonetheless, there are a lot of believers that such coalition will eventually pay-off greatly for the Verge.
- 1 May – Bitfinex listing Verge. XVG will be tradable against BTC, ETH, USD, GBP, EURO & JPY. As always, listing on new exchange pushes the price higher.
Technicals
After a drawdown XVGBTC still stays in the bullish bias, though pretty big correctional recession happened. After the crucial announcement, the coin price went down, came back below the 0.00001 level, which was strong support for the starting uptrending cycle. Nonetheless, the fall stopped around the 100-days EMA, and XVGBTC started to draw a rebound pattern, recently the price broke above the Neck Line of the Reverse Head And Shoulders pattern, which favors the beginning of the new bullish cycle. The breakthrough accompanied with a rise in volumes, which shows that the price is looking attractive for investors again. The 0.00001 resistance will be crucial for the future uptrend development, breakthrough above it would be a buying signal. Near-term support is 0.000008 level, which should stay strong to support the Reverse Head And Shoulders formation. 100-days EMA should act as a support for the overall rebound scenario, breakthrough below the 100-days EMA would lead the price into a downtrend.
