Search content
Sort by
Showing 10 of 10 results by bitman05
It's a decent coin, yes, but it's way overpriced:
Because it was just pumped by McAfee and others.
A coin's price was around $0.20 yesterday, meaning $898,560 worth of coins were being mined every day.
Which means that price is not sustainable because the coin's market is much smaller than to be able to soak $900k each day long term. This coin is massively overpriced right now and while it might go higher, long term it will go down.
And the block halving is still roughly ~130 days away.
If you list coins by circulating supply on coinmarketcap, you can see that Verge is the 9th coin with the biggest supply. 14,392,106,994 XVG. That is a shitton of coins. Each valued at $0.20 is not realistic for a coin this size.
Also, TOR "anonimity" is nothing new but many newbies think it's some bleeding edge tech. For example Joincoin's first block was mined in 2014-08-11 and I believe it had built in TOR "anonimity" from the start.
The Wraith protocol also doesn't sound like anything new but we'll see.
A coin's price was around $0.20 yesterday, meaning $898,560 worth of coins were being mined every day.
Which means that price is not sustainable because the coin's market is much smaller than to be able to soak $900k each day long term. This coin is massively overpriced right now and while it might go higher, long term it will go down.
And the block halving is still roughly ~130 days away.
If you list coins by circulating supply on coinmarketcap, you can see that Verge is the 9th coin with the biggest supply. 14,392,106,994 XVG. That is a shitton of coins. Each valued at $0.20 is not realistic for a coin this size.
Also, TOR "anonimity" is nothing new but many newbies think it's some bleeding edge tech. For example Joincoin's first block was mined in 2014-08-11 and I believe it had built in TOR "anonimity" from the start.
The Wraith protocol also doesn't sound like anything new but we'll see.