This is crazy.

I have been following Verge for some time and hold a modest amount but.....
They have 1 developer supporting this coin. He has been unable to meet his own timelines.
The marketing team did a 'count down' to release of Wraith protocol around a month ago. The clock ran down and Sunerok(dev) came out saying he thought that timelines were arbitrary and didnt have any respect for them.

The marketing team dont appear to be communicating with the development. There isnt a significant amount of actual development work happening.
Sunerok has just come on as advisor for TokenPay, which, may have links in the future to Verge.

What we have is a privacy coin that lacks privacy in a market bull run and the Verge team(or there lack of) need to start actually delivering.

I note that this is now a $1bill coin. I have been trading in and out for a while and do i wish i had more? yes. Do i think the rise is sustainable or justified. fk no.

I think a lot of new money is going to get burnt here. If you hold, make sure your stop/loss is set.

Q4 2017 is the extended timeline for release of Wraith protocol. that give the team around 2 weeks to deliver.