This Crypto has the potential of giving x10 in few months to come
(XVG) is a secure and anonymous cryptocurrency, built with a focus on privacy. It is a decentralized currency designed for users who value privacy. It improves upon the original Bitcoin blockchain by using multiple anonymity-centric networks such as Tor and i2p. It utilizes multi-algorithm mining support to improve security and provide equal distribution of coins to miners
Main Competitors (Anonimity Based Cryptos):
Dash - Rank: 7, MC: 518,398 BTC
Monero - Rank: 9, MC: 247,738 BTC
ZCash - Rank: 12, MC: 177,694 BTC
PIVX - Rank: 29, MC: 48,804 BTC
Xvg is expected to enter the top 10 cryptocurrencies by end of 2017. The 9th ranked crypto as of July 2nd, 2017 is Monero (also a like for like competitor) which has an MC of $598 billion. Assuming the crypto market space doubles in the next six months, which in all conservative likeliness it should, XVG could be said to have an MC of about $12 billion (520,000 BTC approx.) which would render its price at 520,000/13,409,472,280 = 0.00003878 BTC or 3878 satoshis. This translates to about 32.43 times or 3243% of the current price. The breakup of the increase is detailed below.
Verge v/s Competitors - The Technology
Verge wallet that does no mixing, no ringsigs and no form of transaction obfuscation, but connects to I2P from 4 nodes that are all hosted from the developer and they hide your IP. They call it the "Blackhole" tech. This is in contrast to its competitors which do not perfectly hide user IP.
Company Analysis - Roadmap
Verge has the following roadmap for the near future (July):
i2P/TOR Android Wallets
Android Wallet for Anon transactions ONLY! (near completion)New Core Wallet Release
Add new features including coin control, RingCT, update libraries (openssl, boost, etc)RSK smart contracts
They are in testnet for bitcoin now. Date revolves around this timeline.Wallet UI overhaul
Merchandise Online Store
Verge Merchandise shop will have tshirts/apparel that can be purchased with XVG and BTC.
As one can see, that is a lot of development lined up for one month. The RSK token part is interesting, if implemented, Verge will be the first crypto to offer anonymous smart contracts. For those who are new to crypto, smart contracts is one of Ethereum's USPs and we all know how much the crypto has grown over the last three months.
To further substantiate the technological development, one could analyse the relative github activities.
Recommendation: Verge Currency (XVG) is a long term buy/hold for those willing to become rich.
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