Although it’s really hard to thinking about buying more when your portfolio is showing nothing but red, that’s one of the primary ways that rich folks manage to get richer. I’m going to share several crypto investments that, in my opinion, have been beaten down more than there fair share of late.
Next up is Verge (XVG)
Like Monero and Zcash, Verge is privacy-oriented currency. Originally founded back in 2014 as DogecoinDark, they got serious about being a real solution and re-branded as Verge in 2016. Here are three reasons why I am aggressively adding to my Verge position NOW:
MOBILE
Verge takes privacy to the place it really needs to be: Mobile. Monero is a fantastic currency, but it has pretty severe wallet issues. The only available mobile wallets are web-based, from 3rd party developers, and are specifically NOT endorsed by the Monero dev team or community. Verge has cleverly blended some excellent proven open source code and merged it with TOR to create the ultimate in private wallets. The architecture itself is also light enough to enable really fast transaction speeds.
DEV TEAM
The team behind Verge is sizeable, exceptionally talented, well-organized, and passionate. They are also not holding the currency for ransom. Verge is, was, and always will be an exceptionally fair currency. No premine and the dev team actually mined or paid for any stake they own. Speaking of mining, Verge can currently be mined using SIX algorithms: Namely, Scrypt, X17, Lyra2rev2, myr-groestl and blake2s. For more info, check out the Verge roadmap
MARKETING
I started out life as an electrical engineer, so believe me when I tell you, marketing does NOT come easy to these folks. That being said, the Verge team recognizes not only the need for marketing, but a commitment to making it happen. They recently launched a crowdfunding effort to expand their listing on Asian exchanges, target advertising, and several other usability/liquidity focused initiatives.
Like every other coin in this series, Verge has been severely beat down by the rise in Bitcoin. I believe that growing need/interest in privacy-oriented currencies, particularly those with a great mobile solution is growing fast. We’re seeing this coming from S. Korea, China, and Russia in a big way at the moment. A look at similarly developed privacy-focused currencies (Monero, Zcash, Dash, Hush) shows how the market values those with practical use-cases and Verge is one the best positioned moving forward. Verge is currently sitting at the ridiculously low price of approx. 100 satoshis per coin. Yes, there are a lot of coins out there, but since this is meant to be used, that isn't a real issue for growth. Even if you're not a long term investor, this level of artificial depression should be wiped away with one piece of good news. That could result in a quick bump of 20% or more.
I like Verge. A lot. At these prices, I’m moving closer to loving it.
I’ll be putting out a few more of these this weekend. Very grateful for your reading and support. Please upvote, follow @hongro888, and resteem.
DISCLAIMER: These are my opinions and not to be construed as investment advice. All investments in crypto carry substantial risk and should only be undertaken with money that you can absolutely afford to lose. Consult your investment adviser and/or significant other before making any investment in anything.