New Partnerships That Would See Verge (XVG) Become A Major Global Market Player
Ever since announcing the elusive mystery partnership with Pornhub, Verge (XVG) has been all over the news.
Now, things are beginning to shape up for Verge, with growing momentum the digital asset is not only reclaiming lost grounds but also setting up foundations which could redirect the course of the cryptoverse.
TrafficJunky Gets Lured by Pornhub into a Verge Partnership
Verge – Pornhub partnership is no longer news in the crypto space. However, a major online advertising network, TrafficJunky has announced it would start accepting Verge (XVG) as a payment option starting from Monday, May 7th, 2018.
The partnership was only natural to happen as Pornhub is an affiliate to the TrafficJunky network.TrafficJunky confirmed in the announcement that verified advertisers would be able to fund their accounts using the Verge coins (XVG).
TrafficJunky reportedly serves over four billion impressions daily. While the desired effects of this partnership and previous ones are yet to be felt, Verge’s volume of trade is bound to receive a huge boost with time.
Following the announcement made by TrafficJunky, there have been hints all over that another online advertisement network TrafficStars could also integrate Verge into its network in the near future. TrafficStars is responsible for 1.2 billion impressions every 24 hours.
The Halving and How it Would Affect Verge (XVG)?
Following the recent nosedive by the altcoin, the Verge team took to their twitter handle to announce the Verge Halving. The halving would see the rewards of mining the altcoin slashed by the present amount.
According to Verge, the halving is part of its “predictable, transparent monetary policy”. Halving the amounts of mining on the blocks would serve to create more scarcity for XVG coins in the market, which would lead to an increased demand for XVG coins.
Greater scarcity of the altcoin would see the value of XVG inflate with time. Following the announcement, Verge users and crypto enthusiasts alike have come out to applaud the idea by Verge. Verge is set to carry out its halving on Wednesday, May 9, 2018.
Price and Performance of Verge (XVG)
Verge has spent 4 years in the cryptocurrency market, within that time it has not received the top brand success or recognition that ought to naturally follow. The value of the XVG coins depreciated drastically following the announcement of partnerships with Pornhub about two weeks ago.
However, Verge is begging to pick up the pace in the valuation department, growing steadily over the last one week. As at the time of this writing, the XVG coin is trading at $0.074 with a 6% price decrease in the last 24 hours.
According to XBT.net, Verge is the 27th largest cryptocurrency by market capitalization with $1.11 billion USD.
Final Thoughts on Verge (XVG)
Global adoption is a major recipe for success, and Verge is achieving that with its new partnership announcements. If Verge gets the require scarcity and demand for Verge (XVG) as a result of the rewards halving, we could see the altcoin hike before the end of 2018. Verge may not be chasing the moon now, but it is certainly plotting its course.