VERGE (XVG): MACD is Coiled & Ready to Burst
SUMMARY
I think Verge (XVG/USD) showed it's hands during the recent five wave impulse (blue). Its intent is not to crash but to rise in a trend reversal. The correction is likely not complete as shown by the red ABC waves. It'll probably be a case of A being longer than C; but wave C still must consist of five subwaves (white).
The long term remains unchanged. The contours of the price bars are still shaping out to be a rounded formation. IF this is correct and price adheres to the pattern, then blue wave 2 should complete next week so that blue wave 3 can commenced. The MACD is also suggesting that a large upsurge is coming given how its coiled and ready to burst.
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Let’s see if verge will be able to make a move. I saw this news that there is this exchange named bitbns planning to add support for verge.
evaluate my work and vote please help me a lot.
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Although I agree that Verge's charts look good, I can't help ignore their business model. They are pushing to be the main crypto-currency for the porn industry, and I just have a hard time being ok with that. From a business perspective, there's probably alot of upgrowth in that sector. But still...
TrafficJunky is accepting Verge now too. It's not just MindGeek. I think they're going after as many businesses as will have them.
I agree, I think they're going after any business that will have them. And they should, that's just good business. But being the pornhub currency will scare off alot of investors and entry into alot of other sectors. In response to some of the posters below, I'm in no way against what they're doing, just leaves a sour taste in my mouth. I similarly don't own stocks in tobacco companies, though porn and tobacco are both quite lucrative. Just a personal choice.
Like I said, probably great for a business decision. Though it's still funny how it came about. Prior to the announcement they made it sound like they had some earth-shattering partnership they were going to announce. I mean come on, that's just funny!
In 2017 Pornhub averaged 81 million visits a day. When you remove all the country-specific Google variations, Pornhub ranked as the 23rd most visited website in the entire world (only 2 spots lower than Netflix, by comparison). Pornhub also saw thousands of Verge transactions the first week of use.
You're welcome to your own prejudices when it comes to investing, but to see the Pornhub partnership as anything other than a smart, A+ business move is being willfully ignorant. Not to mention, this is a single partnership out of the many that they are creating... I'm by no means a 'Verge Bro', but it would be fiscal foolishness to pass on grabbing some during this dip. But hey, you do you I suppose.
I don't think Verge is simply pushing to be the main cryptocurrency for the porn industry; I think that Verge is trying to be one of the main currencies used for any and all global markets. The partnership with PornHub means that Verge can be used, as a currency, with millions of potential PornHub customers. So, with that potential useage, Verge can become a true competitor to fiat, as a currency. Too many cryptocurrencies have no real-world uses, and their current prices are based on speculators trading in the markets. I think that Verge could easily be used in other markets (see the current petition to have Verge be used within Spotify). The ability to have both public and relatively-private transactions is a huge advantage for Verge. Also, the porn industry may not be morally acceptable to you (I have problems with the industry), but if you use dollars or euros... then you're already using currencies that have financed porn.
True dat! Ha!
Why ? Internet owns its success to porn. Don't sell us that fake "moral" attitude, I am not buying it. The fact is many use and still pay for porn (think about porn chat and live streams). XVG compared to 1600 other coins out there actually did something and at least tried to make something with the coin. Think about "free promotion" cryptos will get thnx to XVG.
Bravo for XVG if you ask me.
Hi @hb1,
Porn, is what brought the internet. Nothing will change for the blockchain going forward.
I do agree the 15-17 steps to get Verge token , to pornhub to purchase stuff that is free is a tough sell.
@dporn , will allow the rewards pool be enough of a subscription model for future content producers on this platform.
Were you opposed to VHS and DVD's as well? All brought to you via the porn industry....
Lol What a prude
I was once involved in Verge but decided to turn the other way due to questionable situations. Mcafee for example promoted the coin before admitting to accepting payments for crypto promotion. And let's not forget what happened a month or so ago when they got hacked and supposedly "fixed" it 👀 Nothing against the company or coin but I'd rather wait until they demonstrate a higher level of professionalism. Great post btw, definitely upvoted! 😁 👍🏼
Chic article. I learned a lot of interesting and cognitive. I'm screwed up with you, I'll be glad to reciprocal subscription))
Verge is a very underrated cryptocurrency. Verge is meant for bigger projects.
Time to get rich now.
Great unbiased updates; thanks for your continuous and selfless efforts!
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So it seems we are going towards the high of January in the end of this rise? :)
I really believe in this crypto i cant understand why the partnership with pornhub make XVG going down
Before XVG, VHS, Internet, credit card and VR come with porn and become a normal things for everybody.
Hope it's will be the same
People were expecting a huge announcement and it was being pumped up big time. I don't think it was a bad deal, but they basically asked for donations in order to have a few days of advertising on pornhub and to be the "preferred" crypto. They will likely end up taking the major cryptos in the future. And you could already discretely pay for it with minimal work if you wanted (much less than buying BTC, transfering to an exchange, buying XVG). Most people that are that into crypto to by owning XVG likely know how to get there porn for free
I agree, I think they're going after any business that will have them. And they should, that's just good business. But being the pornhub currency will scare off alot of investors and entry into alot of other sectors. In response to some of the posters below, I'm in no way against what they're doing, just leaves a sour taste in my mouth. I similarly don't own stocks in tobacco companies, though porn and tobacco are both quite lucrative. Just a personal choice.
Like I said, probably great for a business decision. Though it's still funny how it came about. Prior to the announcement they made it sound like they had some earth-shattering partnership they were going to announce. I mean come on, that's just funny!