I have wanted to buy Verge for a long time, but I just never seem to have the money when it dips in price. For this reason I watch it closely.

From https://vergecurrency.com

Verge - what's going on?

But lately I have become concerned. Yes there have been a few nasty rumours about it, the latest one is about 18.6 Mil XVG being moved from the fundraising wallet to Binance. But all cryptos suffer from rumours from time to time, it's hard to tell the baseless FUD from the real concerns.

What IS real is XVG's price movement. It's crazy, even for a crypto. A coin of that market cap should be relatively stable, yet Verge bounces up and down in price like a massive pump and dump. It's very erratic and unstable for such a big market cap coin.

I must admit to wondering if whales are playing the coin as just that: a large pump and dump, using the loyalty of the Verge investors to keep siphoning off money.

It's just a theory, but I might be right, I might not. What are your thoughts on Verge?

Stay frosty out there, watch your backs and remember that you should never fall in love with a coin. (Except NEO of course, NEO you know I still love you baby! ❤N❤E❤O❤)

Yours in crypto,
Bit Brain

DISCLAIMER:
I am neither a financial advisor nor a professional trader/investor. This is not financial advice, investment advice or trading advice. Unless otherwise stated, all my posts are my opinion and nothing more. Crypto is highly volatile and you can easily lose everything in crypto. You invest at your own risk! Information I post may be erroneous or construed as being misleading. I will not be held responsible for anything which is incorrect, missing, out-of-date or fabricated. Any information you use is done so at your own risk. Always Do Your Own Research (DYOR) and realise that you and you alone are responsible for your crypto portfolio and whatever happens to it.