Dogecoindark
Verge: I thought everyone knew this?This really seems to be catching on.
Originally, when I posted about Verge being DogeCoin Dark, and sharing the visualization of this divergence, I thought that it was common knowledge that Dogecoin Dark changed to Verge early on.
Now, over the last couple of weeks, with all of the hype over DogeCoin + insane new ATH's for DogeCoin, people are starting to talk about this.
It's funny because Verge has a use-case that Dogecoin does not - privacy and anonymity aka. THE NAME OF THE GAME.
I don't know how this is getting so confused, but with so many people joining the cryptocurrency space, the fundamentals seem to be getting overlooked and largely forgotten.
On Reddit today, someone literally said, "I thought the entire point of cryptocurrencies was to shift financial power to be accessible to everyone in equal measures."
While that is a great thing to imagine, it could not be less true for what crypto-currency provides.
Crypto-currencies (in general) have a max supply, meaning that a monopoly can occur and cannot be shifted from that currency.
Access to crypto-currency is still more available to the wealthy (if you're reading this, I am about 95% sure you fall into this category), which means this will only shift more value away from those in poverty.
Most Crypto-currencies have a block-chain where addresses are associated with IDENTITIES on CENTRALISED and COMPLIANT exchanges.
With this, Cryptocurrencies are taxed just like fiat.
Anonymity is the only certain factor that can be provided and should be depended on to bring value to a currency.
It's amazing that some of the largest brokerages are still bowing to the restrictions placed on them by governments to not support "privacy coins".
This just shows that they still can't beat the architecture.
Ironically, these coins get portrayed in a negative light by centralized authorities (including exchanges).
SINCE WHEN WAS ANONYMITY A NEGATIVE TRAIT?
THAT IS THE POINT OF ALL OF THIS!
Anyway, let us get back to the basics.
Buy Verge.
Strong support= good buying opportunities Major price rejection around 0.45-0.5 area. Chart consolidating on 30 minute time frame, signs of trend reversal. This week could be a green week for verge.
Can $XVG Pull A $DOGE?This is meant to be more fun than anything but I was thinking, what if Verge (Formerly known as DogecoinDark) pulled a similar run to Dogecoin? As you can see, the price increase is 2,700%. This is the percent increase that $DOGE saw from its all time weekly (close) high back in 2018. If we applied the same gains onto Verge from it's highest weekly close, the price reaches $7.30! That is a rough 122X from where the price is right now. We could see the price shoot up to the old all time high, form a cup and handle pattern, and then we break through. I know, I know, this sounds insane. But this $DOGE run has been wild. Realistically, I think we reach the ATH and more than likely break it. We probably won't see a $7.00 verge, but with the way the market has been, I'm not going to count anything out.
By the way, all of the lines are daily resistances on our way to the top. I am going to be posting more about $XVG in the coming weeks and months as I do think we are about to see a wild run. Follow me for more Verge content on TradingView and on Twitter, @ParCrypto.
