Coin of the day is Verge.
Verge is the privacy-oriented coin, aiming to take its place among big coins like Monero and Dash in the future. The coin recently went through the hype about the 51% attack.
Discussion started on the 4-th of April, from the post of one of the representatives of the big mining pool on the bitcointalk forum. Nonetheless, the coin price showed a limited reaction to the negativity due to Attack. The team reacted fast and assured that they did fix the vulnerability of the system, and the amount of illegally mined coins will not have any influence on the price. Stolen coins, still, will be left for the attackers. Many Verge holders attributed the events to media attacks in anticipation of the promised revelation of the mystery partner on April 16.
A tweet from the CEO of TokenPay on April 8 revealed that TokenPay is most probably the mystery partner and had a vision for the collaboration saying “meeting in Munich earlier today for breakfast with key stakeholders of the German bank. A deal in principle has been agreed upon by all parties. We will provide full details at closing, but can say that TPAY and XVG debit cards are likely coming soon.”
Technicals
From the technical view, the coin showed a sustainable growth, and after modest correction caused by the news about the Attack went above the 0.00001 level. Now XVBTC trading in the lateral correction, holds above the weekly Bullish Trend Line. Short-term target from the upside will be 0.0000135 level and 0.000015 resistance afterward. From the below, the Bullish Trend Line and 0.00001 level should play a supportive role.
Verge is the privacy-oriented coin, aiming to take its place among big coins like Monero and Dash in the future. The coin recently went through the hype about the 51% attack.
Discussion started on the 4-th of April, from the post of one of the representatives of the big mining pool on the bitcointalk forum. Nonetheless, the coin price showed a limited reaction to the negativity due to Attack. The team reacted fast and assured that they did fix the vulnerability of the system, and the amount of illegally mined coins will not have any influence on the price. Stolen coins, still, will be left for the attackers. Many Verge holders attributed the events to media attacks in anticipation of the promised revelation of the mystery partner on April 16.
A tweet from the CEO of TokenPay on April 8 revealed that TokenPay is most probably the mystery partner and had a vision for the collaboration saying “meeting in Munich earlier today for breakfast with key stakeholders of the German bank. A deal in principle has been agreed upon by all parties. We will provide full details at closing, but can say that TPAY and XVG debit cards are likely coming soon.”
Technicals
From the technical view, the coin showed a sustainable growth, and after modest correction caused by the news about the Attack went above the 0.00001 level. Now XVBTC trading in the lateral correction, holds above the weekly Bullish Trend Line. Short-term target from the upside will be 0.0000135 level and 0.000015 resistance afterward. From the below, the Bullish Trend Line and 0.00001 level should play a supportive role.
