Seems like Pornhub can't save Verge
There was a lot of hype over the recent Pornhub announcement that they've partnered with Verge (XVG) and will now accept it as payment for all Pornhub purchases including Pornhub Premium. They even made a pretty funny video titled, 'The future has cum'.
That announcement was made 2 days ago on April the 17th and you'd have expected XVG to have moved up a bit. The complete opposite happened. Instead, XVG finds itself down more than 40% since the announcement. And this is during a period where the overall market has seen a lot of green.
It's happened before...
I remember buying Stellar after the announcement was made that IBM was using them. I'd waited for a crash because some profit taking is to be expected. But the damned thing just kept going down and down. It soon rallied and became a top 10 crypto. I'm wondering now if the same thing could repeat itself with XVG.
Bitcoin is approaching its 200 day moving average soon at around $8,600. The 200 day MA has acted as a ceiling recently so hopefully we'll be able to break through the clouds and clear skies ahead :)
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Thank you for the post, what a bummer, time to cut losses for many perhaps
Your content is very good. Thanks brother