XVG still soaring against the market downtrend
This week while we've seen steem sink and Bitcoin nearing that dreaded death cross Verge is still on the up!.
Why?
You might wonder how it's doing so well with a hacker exploiting a code bug to accelerate mining for over 3 hours and the rumor that the dev team accidently hard forked the coin when fixing the exploit.
Well the reason being that it's no secret that XVG and TPAY have partered with TPAY donating 65 mil XVG during it's crowd funding and that TPAY have practically secured a deal with a German bank so debit cards are on the way for both TPAY and XVG but the big news is the big mystery partner which the the head of XVG has signed a non disclosure agreement with until the deal is completed. This partner is speculated to be a number of huge international companies from Amazon to Starbucks.
The only information that has been given is that the deal with this mystery partner will be the biggest deal in Crypto history.
My position
XVG is a great prospect for investment right now, it currently sits at around $0.08 which is a 28% increase this week and a 250% increase on $0.03 lows this year. I will be continuing to buy up Verge especially with the big news of the mystery partner expected to be announced on April 17th.
This is not invested advice just my position
I kind of think what is happening to XVG is Insane! If it keeps performing like this, it will be one of my top as far as what I hold personally. Its had been much better than say BTC and ETH and LTC as far as my gains are concerned in the last month or so. I will say though if BTC stays under 7k, and XVG keeps going up, I will sell all of mine at some point for BTC. Long term I have no faith in the project, I feel like alot of people feel the same way sadly. Maby we are wrong though, nice post man! I will follow and resteem and upvote for sure..
It really depends if this announcement really is as big as they say, if its a payment partnership with say amazon it could be around for the long term. If it's some unknown company i think it could fail.