XVG Super Cheap Privacy Coin Ready for launchIn case you didn't know all the attempts to regulate and tax crypto has lead to a massively increased interest in privacy coins that can't be traced. Among these are Dash Monero Zcash and PIVX. Not so well known but with a strong dev team and high volume on Bittrex (currently in 11th place) is Verge. currently at 120 sats up from 80 sats a few days ago. It seems ready to get its boost from the privacy community financial pool. Bitcoin is predicted to hit 5k soon but it's going to retrace significantly when it hits about 4950 and all the day traders dump. When that happens we should see a pretty big bump to all alts as money poors back into them and Privacy coins will likely be a first target especially for moving all that new profit around tax free. I suspect Verge could break 1k satoshi's over the next few weeks.
Privacy
NAV Excellent short to Medium term entryShowing good buy support off the trendline after correction. Continuing next move upwards. Longer term signals looking nice for a long position as well after recent correction so good long entry for all time scales. EW ABC count seems to have completed.
Nice NAVcoin Longterm EntryNAVcoin long term uptrend looking still nicely in place in fitting with recent excellent development progress. NAVcoin floor looks to be in after a pullback from the recent rise. Expecting a bit of medium term consolidation to tighten the bands in a bit before moving up towards new all time high. EW analysis shows point 4 of current larger uptrend. Nice risk reward for the trade based on trendlines.
THEY ARE WATCHING: The season of privacy is dawningBig brother and big data want to know everything you do. Every purchase. Every transaction. They believe the want for anonymity is only for criminals. But anonymity is a human right. People are waking up and starting to take privacy seriously.
There is an increasing push for backdoors into encryption. Governments do not like the new power cryptocurrencies give to plebs. Media continues to push the story of cryptocurrency being primarily for terrorism, illegal sex trade, gambling or evasion - but they fail to mention the other side of it: How it can give opportunity to the majority of people in the developing world who remain bankless still today. How it can open business beyond borders and nationality. How it allows people to be in control of their own money. People are starting to wake up to the idea that just maybe their government and their banks aren't designed to make them wealthy.
We foresee a continued divide between people and government, banks and big media as they continue to try to get a grip hold of the peoples money, and Monero, which no other coin holds a candle to in regards to anonymous transactions and fairness will grow. Expect massive rallies in Monero everytime a new FUD comes from Gov saying they are looking to crack down on private transactions with Bitcoin.
Buying now in the dips anywhere down to .0126 might not be a bad idea.