despite the current heavy bear market I believe we'll see verge explode soon. Privacy related coins (like monero as well) will become massive once governments will start heavily taxing crypto earnings
It makes sense. But chances are high that governments will surely figure out tax evasions and will probably restrict anonymous coins especially on exchanges under their jurisdiction.
That's a good point that I've never considered before, if there's no means to trade fiat to privacy coins then privacy coins are pretty redundant for tax evasion.
Is verge even a legit project?
YES. It's been around a long time and is definitely legit, it may not be the best managed project but that doesn't mean it's not legit. Crypto has a real problem distinguishing between bad projects and legitimate projects.