Social media is abuzz with the current 24% surge of Verge (XVG) in the cryptocurrency markets. The small coin that packs a punch in terms of privacy is currently trading at $0.0836 and looks like following in the footsteps of Tron (TRX) yesterday when the token hit the 10 Cent value after a similar rally as the one Verge is doing.
However, this would not be the first time Verge is going past the 10 cent marker. On April 17th, as the crypto-verse awaited the announcement of a new partnership, XVG had reached levels of $0.114. As soon as Pornhub was announced as the new partner, the value plummeted to around $0.062: a drop of 45% in less than 12 hours.
As much as this news was shocking, it was a perfect fit for the two organizations. Now, Pornhub users can pay for subscriptions using the anonymous coin known as XVG. No more worries of having a credit card statement with a charge to the popular porn site. Also, the user now feels at ease whenever he pays for subscriptions for he is amped by the fact that it is all anonymous. All he needs is a username, password and email address.
So what is causing XVG to surge?
One possible explanation could be the recently created Verge Channel dubbed Verge Tweet Repro. The sole purpose of this channel is for the followers to read and retweet every tweet posted on the channel by the Verge Team. This means the current 3,632 followers serve as potential Retweeters for the Verge Currency project. They provide the much needed P.R mechanism needed for the project. The initiator of the channel is a genius in my opinion.
Such a feat would be the reason the currency is surging today amidst the rest of the market glowing red save for Bitcoin Private that is also in the double digit arena and doing 32.76% in gains. Bitcoin Private is currently valued at $42.34.
In conclusion, the current rally proves that Verge is really making major moves in terms of marketing and public relations as earlier promised by Justin Vendetta and the Verge team when they were planning the crowd funding efforts earlier in March. The crowd funding resulted in the community donating 76,281,217 XVG at the moment of writing this. This is an amazing achievement in a period of time that is little over a month.
The future looks bright for Verge!
