XVG is here to stay. The price action has been looking good after a fast steep correction. This is characteristic of the 2nd or 4th wave in Elliot Wave theory.
It is time for XVG to regain the Volume Weighted Average Price ( VWAP ). As seen in the graph, it was resistance but recently tested. There is a ton of support right now and confluence of the simple moving averages ( SMAs ).
This has hall been on small volume and when the volume comes back in you are going to see a lot of XVG news come out. Do not FOMO in #NotFinancialAdvice.
T1 - $.25 (as resistance) T2 - $.50 (then retest $.25/$.30 as support) T3 - $3.75 (Mid altszn peak. Assuming XVG gets top 10 by total market cap ~$60 billie) Final Boss - $10-20 (this is considering total marketcap and assuming the Lindy effect. Over time XVG should approach a $1 trillie MC which means $60/XVG)
I'm afraid verge will disappear. Because it is not traceable. Verge will not accept the new regulations. Because it can be used in criminal organization. Or am I wrong.
VergeBull
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@producer_bahane, XVG is traceable otherwise it would be banned. :) You are confused about XVG tech. Check out their website for more info.
optimaldigits
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@Ysn79, you know how Visa and MasterCard do not leak your info to the internet? that's how XVG privacy is. cash-money is still the leading currency for illegal activities. XVG offers security. Just unlucky with marketing. Verge is so misunderstood and people will be surprised why XVG will be one of the coins that'll last. cause, in the end, any community will matter the most.
CryptoKaku
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Hey there, I like your TA. I come up with these charts but I found it hard to find the conviction needed to believe in them - at least initially. It's all high hopes, but the funny thing is, as time goes on, the more I find reason to. So they say TA already assumes news. But how far into the future? It's no secret housing is going to collapse, stocks, etc.. what happens when there is inflation? Hyperinflation? With massive crypto gains abound, does that imply the money supply is exponentially increasing too? Doesn't that kill fiat?
I guess that is the ultimate goal.
VergeBull
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@CryptoKaku, Fiat will become entirely digital. This is for national security reasons. For instance, with completely traceable txs digital currencies can delegitimize criminal organizations. XVGs growth is predicated on the future potential regarding community growth (network effect), resilience (Lindy effect), and careful business collaborations. Try to stay positive my friend. Do not let your emotions influence your investing. Cheers.
CryptoKaku
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@VergeBull, I agree and thanks. Wouldn't digital fiat become worthless too with such a high supply? Maybe I don't understand a fundamental concept behind how capital gains affects the money supply.
VergeBull
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@CryptoKaku, It only has as much worth as the people who believe in it and use it because it is not backed by any asset.
CryptoKaku
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@VergeBull, Well for sure, but once converted to fiat, then what happens to the supply of fiat?
optimaldigits
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@CryptoKaku, Fiat lose purchasing power every year, assets either go up in value or stay the same, when hyper inflation kicks in, crypto/stocks/metals prices goes up and crash hard. Im not so sure about how the global economy Looks like IF XVG IS 60 USD