Verge XVG was at the peak of its popularity back in the first quarter of the current year when the crypto startup announced a major secret partnership that was additionally followed with the first crowdfunding campaign ever organized by Verge foundation.
After the revelation that the mystery partnership actually referred to Verge partnering up with MindGeek, which brought the coin to Brazzers and Porn Hub, Verge was expected to be seen skyrocketing as it had just entered a new market with a wide range of potential users.
However, that didn’t happen for XVG and it continued dropping against the fiat with the rest of the market, that way losing around -94% since making it to its all-time high.
Moreover, since Verge XVG did make it above 100% of gains in the course of the last year, there is a possibility that XVG might skyrocket back to its all-time high, of course, in case all relevant factors would align benevolently.
Can Verge Skyrocket back to its All-time High by EOY?
Verge might have one of the top trending currencies for more than a month in the first quarter of 2018 when the currency gained the increased momentum thanks to the hype revolving around the announced mystery partnership.
As it turned out, the mystery partnership of this privacy coin was made with MindGeek which brought XVG to one of the most visited websites with recording over 80 million visits per day. That meant that XVG was up for being introduced as a payment method to millions of people that might be interested in cryptocurrencies as an alternative for paying their services on Porn Hub.
Starting off at the price of 0.030$ during the last week of March, the hype around Porn Hub did push the coin to 0.090$ in the course of around two weeks.
However, from that point on, XVG started to decline once again, dropping to 0.064 in the course of the next two weeks. Moreover, as it is the case with the majority of cryptos during this time, XVG was also brought to the red against the fiat driven by the negative trends.
At the beginning of May, XVG was able to get back to the value of around 0.079$, only to be sent out on a decline against the fiat, slowly dropping to the value of 0.020$ by the end of June in what appeared to be a massive downward trend in the crypto market.
At this precise moment, on September 27th, XVG is touching its new low of 0.013$, which is the lowest that Verge has gone in the course of 9 months, just like Ethereum, the second largest cryptocurrencies also experiencing massive declines and declining to its 9-month low.
However, if you take a look at the chart of XVG during the period of mid-December 2017, right before Verge skyrocketed; you will notice that the crypto was dealing at the same price as recorded on September 2017, which gives hope that Verge will be able to surge back up in the same manner as at the beginning of 2018.
What Can Push Verge Back Up?
Although ranked as far as the 43rd-largest currency, Verge is still one of the most famous privacy coins alongside with ZCash (ZEC) and Monero (XMR). Besides form scoring a major partnership with Porn Hub, Verge is also waiting for its first crypto-charged debit card that should be provided by TokenPay.
TokenPay is known to be one of the biggest supporters of XVG, also announcing months back that Verge currency will be the first to get its own crypto-based debit card through a venture of having Litecoin (LTC) and TokenPay buying off a certain percentage of a Munich bank.
Additionally, this case could boost the price of XVG, but since there are no novelties regarding the case of the crypto-charged debit card, Verge would probably need to find another source for acquiring a price boost need for it to get back to its record value of 0.23$ per one XVG.
If we are to judge its potential of heading to a rebound in the course of the last quarter of 2018, then it should be quite possible that Verge could at least get closer to its all-time high by the end of 2018.
At the current moment on September 27th, the majority of digital assets is headed to a rebound, as Verge is also going up against the fiat by 1.58%, currently being traded at the value of 0.013$