Those new to the crypto world, but still interested in making an investment, often struggle with finding a proper coin to back. This is more than understandable, considering how many of them there are these days. Still, there are only so many currencies that are actually a good choice. If you do not have a lot of money to invest, and you still wish to make a good choice, then Verge (XVG) might be just the coin you are looking for.
Verge (XVG) is crypto that is dedicated to providing its users with privacy and safety. It is among the biggest anonymous coins that you can find. It started off as a rebranded version of a coin called DogeCoinDark and was launched in 2014. Two years later, however, it changed its name to Verge, despite the fact that it continued using the same currency as DogeCoinDark.
It uses one of the most advanced blockchain technologies around, and it allows its users to choose whether they wish for their transactions to be anonymous or public. For some, eve this is a good enough reason to invest in this crypto. However, Verge offers a lot more than that.
Reasons for investing in XVG
A limited supply
When you are on the lookout for a coin whose price has real potential, the first thing that you should look is whether or not it has a limited supply, and what is its cap. When it comes to Verge, its supply is capped, and the limit is 16.5 billion. Not only that, but the large majority of the coins have already been mined. Because of this, the price of XVG has a large potential to jump up, since the demand will increase in time.
The price is still cheap and the coin is stable
Many believe that it is only a matter of time before Verge gets an increase in value, and by that time, getting rich via smart investment alone will be the thing of the past. It would be much smarter to invest in it right now, before the market recovers, and Verge reaches the value it had in December 2017. According to the CoinMarketCap, its current price is $0.039104 per coin, which allows for the purchase of a large number of coins at a very low price.
Just remember that at its height, Verge’s value was $0.23 per coin. Those who invest now will have quite a good time once the current price returns to its former glory.
Also, Verge can offer much more stability than many other cryptos out there. This stability holds against the US dollar, as well as against BTC. Thanks to this fact, you can be sure that Verge is not a scheme that will only trick you out of your money. Instead, it is a serious project that is worth looking into.
Privacy and security
The one thing that gives Verge an advantage over many, many other cryptos is its approach to security and privacy of its users. Many coins offer anonymous transactions, which was great at first. The problems appeared when anonymity was misused for criminal activities, which has forced a lot of exchanges, and even entire countries, to stop dealing in such coins.
Verge has obviously recognized this as a potential issue long ago, which is why it started offering both public and anonymous transactions. Those who wish to send payments anonymously can use highly secure protocols like I2P, Tor, as well as its newest edition, the Wraith protocol. Whether or not the customers will use this option is completely their choice, which allows Verge to go where other cryptos cannot.
Pros and cons of using Verge (XVG)
Of course, Verge has its good and bad sides, just like any other crypto out there. Its positives include fast and easy transactions, the possibility of making an exchange with other cryptos, and of course, the choice of total anonymity if that is what the user desires.
The bad things about this crypto include the low ratio of liquidity and the lack of fiat currencies. Also, the value can be unpredictable at times, which makes it slightly uncertain.
In the end, the choice whether or not you are going to invest in this crypto is entirely yours. Verge has a lot of potentials, and it has entered quite a few partnerships lately, and there are no signs of stopping it. It is definitely not a currency that will give up due to bearish market, and it is expected that we will see a lot more of it in the future.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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