No crypto gives you 100 percent guarantee of a better tomorrow, and that aspect alone lumps all projects into one big uncertain boat. However, it gets to a point when you just have to separate the bad from the worse.
That time could be now, a time when most of crypto-sphere is left with a sour taste about yesterday’s sort of anticlimax. Did Verge deliver the deal to change crypto? To most of us, it didn’t.
One won’t be accused of spreading FUD on the crypto but suffice to say that its much-hyped secret partnership turned out to be a little too far-fetched. The promise of delivering the partnership of the century was low key, revealing MindGeek, the company behind PornHub and YouPorn.
While not entirely a flop, the headline-grabbing deal may not do the coin much good in the short-term. What happens later remains to be seen.
Verge took a tumble at the announcement of the partnership, exemplifying how sentiment didn’t warm up to the deal. Usually, crypto watchers will tell you to buy the rumors and then hold to sell the news.
However, holders of XVG have to content with a possibility that prices could tumble even further. Already the coin is a massive -31% down, diving faster than earlier thought.
That’s the reason I’d say forget XVG for now, look at Monero (XMR) and Ripple (XRP).
Monero, just like Verge, is a privacy-focused mineable coin. Monero’s appeal stems from its complete obfuscation of transactions. None of your transaction details are available anywhere on the blockchain. With XVG, the opting out feature can be counteractive to users. XMR provides total anonymity, is secure and basically untraceable.
The use of its Ring Signatures feature means anyone looking for privacy and security would be fine with Monero. Future users who choose to go dark could find this crypto better than many on the market, giving it an impetus for exponential growth.
In addition to the privacy issue, Monero offers another incentive in terms of a cheaper but secure mining system. Utilizing CryptoNight mining algorithm, the coin allows you to mine XMR with your CPU or GPU.
As cryptocurrencies like Bitcoin and Ethereum become extremely difficult to mine or move on to Proof of Stake (Ethereum), this coin will become the next best coin to mine. And more people getting to know about it improve adoption chances, thus leading to possible price surges.
Monero is among the coins on the market getting into a positive run as the market expects a second wave of prices. Though its value took a dip in the last few months, the coin has seen an uptrend, climbing more than 14.54% over the previous 24 hours. Its daily trading volume has also spiked sharply on the back of renewed interest.
The coin traded at $226.85 against the USD, notching a 24h volume of $150,701,000 a few hours into this morning’s trading. Given that the coin is expected to see huge gains, betting on its future appears as a safer option compared to other privacy-focused altcoins
The Ripple platform could be a better project to look at as it has some of the most forward-looking plans in the crypto space. The coin is ranked 3rd in terms of market capitalization and looks set to grow in value. As one of the biggest cryptocurrency projects, Ripple enjoys a large visibility around the world.
This is so despite finding it hard to get listed on Coinbase. You can’t miss this with ripple: a steady gain in value from a coin touted as a possible top cryptocurrency.
Its advantage over competing platforms is its decision to put most of their energy in the cross-border financial payment system. The number of banks, governments and payment providers partnering Ripple keeps increasing every other day. What this means is that it has the potential to become the asset of choice for such transactions.
XRP’s price movements are also devoid of huge wild swings, giving the coin fine margins for rebounds in case of a reverse. If the current bullish run goes on much longer, expect XRP to be one of the top gainers with huge ROI. The current +39.78% improvement against the USD makes it one of the biggest gainers so far.
If you are looking for an option to add to your cryptocurrency portfolio, find out more about Monero (XMR) and Ripple (XRP), they could be two very good alternatives.