Technical Analysis:
- In 2017, Verge has done a 1600x move. Top at $0.32 per coin and $3.6 billion dollar market cap.
- The likely scenario for XVG is to reach $1.2 which is 3.75x from its ATH, Market Cap 13.5 billion dollar.
- However, Bitcoin has reached 1.618 Fib level and expected other coins to do the same which would make XVG $8.5 and Market Cap of 94.5 billion dollars 3600x (This is unlikely to happen but if it does, don't be surprised).
- I would like to talk about human psychology which is the foundation of Technical Analysis.
- We have seen many FOMO cases such as Doge, Shib, Safemoon, NFTs,... so Fundamentals would drive the sustainable and stable move for solid projects but price movements would be attractive to newcomers.
- New projects that solve some problems would do good but I would say it's more risky. There are maybe 10 promising new projects but only 1 of them would make it.
Fundamental Analysis:
- Verge has done a good job on making it as payment currency.
- The narrative of being "currency" gradually died out and smart contracts, Defi, NFTs, Gaming, ...are now booming if XVG can grasp this maybe we will heading somewhere.
It's just my very limited knowledge about TA and FA, please share your view on Verge Currency.
NFA.
- In 2017, Verge has done a 1600x move. Top at $0.32 per coin and $3.6 billion dollar market cap.
- The likely scenario for XVG is to reach $1.2 which is 3.75x from its ATH, Market Cap 13.5 billion dollar.
- However, Bitcoin has reached 1.618 Fib level and expected other coins to do the same which would make XVG $8.5 and Market Cap of 94.5 billion dollars 3600x (This is unlikely to happen but if it does, don't be surprised).
- I would like to talk about human psychology which is the foundation of Technical Analysis.
- We have seen many FOMO cases such as Doge, Shib, Safemoon, NFTs,... so Fundamentals would drive the sustainable and stable move for solid projects but price movements would be attractive to newcomers.
- New projects that solve some problems would do good but I would say it's more risky. There are maybe 10 promising new projects but only 1 of them would make it.
Fundamental Analysis:
- Verge has done a good job on making it as payment currency.
- The narrative of being "currency" gradually died out and smart contracts, Defi, NFTs, Gaming, ...are now booming if XVG can grasp this maybe we will heading somewhere.
It's just my very limited knowledge about TA and FA, please share your view on Verge Currency.
NFA.
Comment:
*360x not 3600x sorry for typo.