markets is unpredictable now,, and this will make most of crypto down
but, for me the price of verge is in right price depends on technical analysis mate
so, don't worry
seems like you did not know and have no idea what is going on with XVG aka VERGE aka Dogecoindark.
if you want to know what is going on read it first ;
or here for full information regarding this problem ;
in brief,their network(Verge) got attacked by same people(i believe) 2 times in a single month(2 with this one*today).last time when they got attacked,the dev basically did nothing to the network.and right now we are seeing it again,which means XVG team has no idea what is going on with their system and because of that the price went down significantly from before plus they should have lost their credibility.
so it was out of Technical Analysis or someshit like that.it is in the right place or price ? absolutely not,for you guys who do not know.
a year or two years ago it was traded at
1 Satoshi,for a couple months.
Is there a possibility if this is an insider job? This has happened for two times. Pathetic security and optimization after the first hack. i just think this scammer will discover another bug in verge. In fact this is a buggy platform. This is why i just try to avoid POW token and move to the POS token. Just avoid verge there is a possibility the 3rd hack to be happened.
insider ? i do not know about it but it has a possibility.
just look at the way they handled this matter,do you think it makes a sense ? they got hacked or attacked in a month or two months time.
and because of that they lost a quite number of coin in the process.if it's an insider job,the scenario would be like this
"'at the first attempt they tried this and because their supporter kept supporting it,they thought it's an easy way to collect money.
why they did that ? to shill their project obviously.what did they achieve after it ? a lot right ? for example those pornhub partnership'
and this second attempt was their exit pump i believe."
never ever believe this kind of project,because it's totally trash and their supporters are an idiot absolutely.they only cared about LAMBOS and RICH,most of them know nothing about tech.