See the chart. XVG accepted on pornhub, then after a short rally, heavy selloff. Suspicious of a pump and dump or insider trading.
Warning, be wary of this deal. Give it a few days to settle and it will probably rally up higher again on 4-20.
Long term, this is likely a very good thing for XVG. Sex sells and XVG is one of those dirty coins that may be easily accepted for billions of dollars worth of transactions in the adult industry.
Update If bullish pennant forms, target $0.13 or roughly 80-90% gains from $0.07
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I should seriously consider some Verge for this upcoming rally, +347%. I'm counting on Bitcoin, but need to watch the alts for the bigger gains. Maybe 20-25% in alts and the rest in Bitcoin is semi-safe.
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Verge alternate path off the top of the 1D ichimoku support shoulder. +350% by Jun-1 seems very reasonable.
I think the rally was more likely due to the sell off that happened to the tune of 40% right beforehand.
hooman1604
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VERGE
A truly decentralized project working with some of the most talented minds – Why do I say this
Has anyone heard of RSK smart contracts? (The world’s most secure smart contract) They are a very well respected and well-funded project working with some of the world’s best scientists and engineers. RSK recognized the talent of Justin Vendetta (Verge dev) reached out to Verge so they can work together – how is that for credibility?
RSK will be integrated into Verge and as a result Verge will reap all of the technological benefits including
- Being able to deploy or build any dApp onto Verge (meaning here we have a project that is not only a privacy coin but will basically be able to do what Eherium does as well) – If you do your research you will see that RSK smart contracts will definitely be giving Etherium a run for its money as they are developing quite the superior tech.
- RSK will launch Lumino. A combination of the best features of Lighting and Raiden network – Before end of the year RSK hope to launch this which will allow for 20,000 transacitons per second
- Verge will also be able to achieve decentralized cross chain trading via Saturn network (which will run off RSK - icobench.com/ico/saturn-protocol
Why will Verge succeed?
The single most important mission for any project that has a working product is MASS ADOPTION – Verge is always moving forward with the intention of mass adoption – Apart from getting on new exchanges how does a project reach those who are outside of the crypo community? Verge has the answer to that as they have partnered with Token Pay who have acquired 9.9% of a German bank with the option to make full purchase pending regulatory approval (which is very close) TokenPay CEO has been working tirelessly with regulators in order to make sure that Verge, Litecoin and TokenPay debit cards will be released – For any challenge that they have faced a clear solution has been found and implemented.
What else is yet to come?
- New codebase (not to be underestimated) as it is stated it will be rivalling bitcoin’s codebase
- 3 NDA’s yet to be announced
- Revised Blackpaper (with additional 10-15 pages)
- Ring CT integration
- Official iOS wallet + updates
- I2P Android wallet
- Mining update
- New Vendors
- New exchanges
- Merchandise store