Is Verge Going Mainstream? Why You Should Pay Attention To This Cryptocurrency

Verge, a relatively obscure cryptocurrency has been making headlines lately. After being the victim of a hacking event that forced a modification in its programming code, this privacy-focused crypto-coin has experienced a series of remarkable events that could mean that it could see some great growth in its adoption and use as an investment instrument.
First, Verge was the first cryptocurrency that proposed a crowdsourcing event to reach a strategic partnership. The crowdsourcing initiative was a success, and they managed to reach the required amount of money to enter the partnership (75 million Verge, or XVG). We touched the subject with notorious skepticism in various articles, due to the partner being kept secret during all the event and some of the member od the cryptosphere saying that this could be an exit scheme.
As overhyped as it might be, the Verge devs fulfilled their word and announced the partnership with Mindgeek, the most prolific porn site operator in the world. The porn business might not be as flashy as other ones, but it is a profitable one indeed. The porn industry registers millions of dollars in earnings every year, and the Verge offers what most people expect when paying for porn: privacy. Some were dissapointed with the announcement, but the community started reporting the use of the cryptocurrency almost instantly after that happened.
Another development that hints at the surge of this crypto asset is the news of its listing by Bitfinex. Bitfinex is the largest exchange in the number of bitcoins traded in the whole world, so being listed by a large exchange open the doors to new possibilities. More users will have an easy access to the cryptocurrency generating more trade volume and demand that will, in time, drive its value up.
Also, on the mining side of things, Verge is planning a “halving”. That is, they will halve the production of coins to drive up value by limiting the number of cryptocurrencies created by miners. This will, in theory, bring the prices up due to simple offer and demand law. So all of this points that verge is a cryptocurrency that is ready to hit the mainstream, as a currency and also as an investment option. Not too shabby for a coin forked from another cryptocurrency that was created as a meme.

Related posts
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTETFNewsxbtusd

Bitcoin May Never Go Below $50k Once An ETF Is Approved, Declares On-Chain Analyst

Bitcoin may never drop below $50k asserts on-chain analyst Ki-Young Ju. But as usual, there are conditions that follow this possibility. In a tweet, Ju analyzed that Bitcoin could follow the same path that gold took in 2004 when the first…
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTNewsxbtusd

Quarterback Star Tom Brady Breaks Internet After Showing Interest In Bitcoin

Tom Brady, the American athlete who is widely regarded as the “greatest” quarterback in NFL history is the latest celebrity to show interest in the world’s most valued cryptocurrency Bitcoin. Brady who has a massive Twitter following of 1.9 million…
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTNewsxbtusd

Almost $200 Billion Worth Of Bitcoin Is Currently At Risk – Report Warns

A recently published 2021 crypto report by Opimas LLC, a finance-based management consultancy firm, has revealed that approximately 3,480,000 out of the world’s mined 18.5 million Bitcoin, stands vulnerable to attacks as a result of improper safekeeping. The 36-page report…