With the crypto markets red at the moment, XVG has been no exception to a couple bloodbaths in the cryptocurrency markets since Q2. The altcoin gained popularity back in March when speculations of a major strategic partner circulated the crypto news arena. For the keen XVG followers, you may have noticed that the altcoin has slid over 20 positions down since its price-moving partnership hype with adult website, Pornhub, settled down. However, the project has embarked on other milestones to increase its token adoption prospects in the blockchain era!
Barely two days ago, Verge was among the represented brands in NASCAR Whelen Euro Series. This car-related event was held on October 20th in Europe where the blockchain project gained popularity through participating driver, Gil Linster. The XVG logo was amongst other popular brands marketed on Linster’s SS Chevrolet during the event. So far, Verge is making progress in development & marketing as well, something the altcoin may need to regain its Q2 glory.
Will XVG be listed on Netcoins?
Verge participated in the recently concluded Netcoins listing contest & is yet to receive the outcome of this challenge. According to the latest XVG twitter update, the XVG coin was leading its peer competitors. Could a positive announcement this week change the price action of the XVG cryptocurrency as we dive deeper into Q4? This can only be revealed if the XVG coin gets listed on Netcoins & its active & prospective users react.
In the past, crypto exchange listings have proven to be a big fundamental for crypto projects. Netcoins will not only bring more liquidity to XVG through its virtual crypto ATM services but also allow more people to purchase the crypto coin.
The past fortnight has not been easy for the XVG digital asset, the altcoin lost over 13% in its price despite holding on to a top 50 position in market capitalization. XVG team & its community are however bullish that the Netcoins move will push the Proof-of-Work built project higher than its current $215 million market cap. In a tweet, Verge highlighted the scalability prospects if successful;
“netcoins is hosting their first ever coin listing contest! With your vote you can help #VERGE potentially become usable in 171,000 retailer locations in 53 countries around the world. Votes can be submitted once per day per person:”
Verge & NetCents Partnership
Verge seems to be on a roll for new milestones & strategic partnerships. These moves are necessary to keep the project alive as the pressure mounts for ICO raisers to show 2018 accomplishments. Previously, Q4 in the crypto markets has shown to be the most bullish hence the increased crypto activity since mid-September. It is therefore no surprise a crypto project like Verge recently partnered with NetCents Tech Incorporated to leverage their market while the latter integrates the XVG blockchain technology.
The collaboration between Verge & payment services provider, NetCents, comes at a time when the market is struggling despite bullish Q4 speculations. If we were to go by history, Verge will probably gain its top 30 reputation if the NetCents partnership accomplishes its goals. However, going by the same history the XVG price might not be affected or make an insignificant change. Both XVG & NetCents are optimistic that their areas of operation blockchain & e-commerce will be the drivers of change in Fin Tech hence the need to pull resources early enough!