This is my opinion:

Most people buying XVG this days don´t do any reasearch..

They don´t know it´s a DOGE coin fork (originally dogecoin dark) that is around for quite a lot of time. Mostly is dogecoin with optional Tor network support

They have a rich list (a privacy coin, telling you who is rich and showing balances of miners ?)
https://verge-blockchain.info/richlist

Rarely updated
https://github.com/vergecurrency/VERGE



Fro me $0,1 is not cheap.... NOT for a supply with more than 14.396.737.130. But most people buying at this level neither understand what MARKETCAP means...
Anyone buying verge now will have a hard time... because they see it at 0.1$ and they expect it to be 100$... and that´s not how marketcap works...