XVG-VERGE. 15 BILLION COINS IS NOT ENOUGH. MARKET CAP HAS TO GO OVER 100 BILLION.
Hello everyone
Just put this together so you understand why Verge is going to climb . It has to. Why? There are not enough coins. Yes it's true.
There are in the region of 15 billion coins in total. actually 14 9 billion. The market cap is at around 1 billion valuing the coin at 0.06. Bear with me now to understand my reasoning. If you read my post yesterday this will be crystal clear.
Mindgeek roughly has 30-35 percent market share. Their membership payments are in the region of $500 million. The rest of porn industry is roughly worth another $1 billion in subs give or take. In 2017 the industry was worth in the region of $100 billion. For the industry to function using Verge as it's payment currency it needs Verge at a minimum of $10.
We are also forgetting the investors who are quite passionate about this coin and must be holding at least a third of the volume. This now pushes Verge up to the $20 mark. This is why I say it is under valued and has to climb and has to very soon.
Thank you for this informative post!