RE: What's the Next Verge? My Speculative Gamble
I used to hold this coin back in September, but then sold them all. I definitely SALTy right now haha
Anyways, I've heard that the reason for the Verge pump is because of McAfee plus Verge's Wraith protocol. Maybe part of the reason for the initial pump was because Verge was very undervalued, and then the remainder of the pump was because other people FOMO'ed into XVG?
In effect, what you are doing is betting an all or nothing on NAV, because if NAV doesn't moon even 10x, it'll just languish in obscurity and NAV just becomes an opportunity cost at best. I'm guessing you are already invested in NAV, but did you ask yourself these three questions....
- Is NAV undervalued?
- Will McAfee shill for NAV? Will the media shill for NAV (like they are doing for Verge right now)?
- Does NAV have a major update or technological advantage? Is their wallet software nice to use?
I know that was five questions, but final question if all the above is yes: will it moon and when?
P.S. This is probably an unfounded rumor, but I heard Verge was originally a fork off Dogecoin XD
Well be mindful of the fact that this particular analysis was not fundamental at all. As long as it isn't a scam coin (which it isn't in my opinion), it was included. This particular investment is based on two principles:
Combine those factors with the fact that NAV is getting more buzz than ZEN recently (from what I have seen) and it seems ripe for a pump. I don't care if McAfee shills for NAV - he doesn't need to for it to pump. It won't pump like Verge did without outside help like that, but I don't ever invest expecting a 40x return - that's insane.
The other two questions you asked are fundamental in nature. This is more of a trading bet than investing - as such, those two questions are irrelevant (aside from strengthening the bet). Yes, compared to the mean for the group, NAV is undervalued (although there are other metrics that are better measures of this, no one looks at them). I hope that makes sense of it for you - in short, it wouldn't matter if their development team didn't exist for this particular trade (hence why I call it a bet / gamble with some edge).
P.S: Don't be salty - it's only just now starting to recover in BTC value.