VERGE (XVG) Price Analysis: XVG Bulls under Bearish pressure

adroitful_one

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Quote from: rijaljun on October 28, 2019, 06:47:47 AM

Quote from: ecnalubma on October 28, 2019, 01:47:07 AM

It seems that majority of coins are very dependent on Bitcoins price and as per coinmarketcal there is no upcoming event or implementation about XVG, that will be sad for holders I guess they can’t really speculate more on coins future value due to development seem stagnant.

Everything depends on Bitcoin price, mostly, including this one. In this matter, for me Verge was just too much hyped and the price is always overvalued. There is no significant development for me. If they really have real use then the price should not depend on Bitcoin anymore, it should have had its own independent price.

Speculation is important to make profit but doesn't mean you should hold it for too long. Holding anything than Bitcoin for long time is just wasting time and money.

Whenever Bitcoin was pumping up during that 30% increase in 24 hours the other day, I looked at all the coins on coinmarketcap and they were all green. The reason for this is that you have to have Bitcoin to buy the other altcoins. Unless you're going through an exchange, depositing usd, and trading that usd for the coin you want, Bitcoin is required. This is why all of the coins are dependent on Bitcoins price. Real use case really has nothing to do with it.

bitgolden

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Quote from: ecnalubma on October 28, 2019, 01:47:07 AM

It seems that majority of coins are very dependent on Bitcoins price and as per coinmarketcal there is no upcoming event or implementation about XVG, that will be sad for holders I guess they can’t really speculate more on coins future value due to development seem stagnant.

I think most coins that are really good and have real working product all depend on bitcoin right now as we can see that most of them have started rising in value now that bitcoin made a little recovery from $7500 to $9500. Naturally, all altcoins should live independently of bitcoin, because they all have their own product and their own real use case that should call for the demand and supply of whatever product they have promised the entire public.

If they have perfect product that is very interesting to people, they should always have bull run at all time like bitcoin has, but because most of them are centralized projects, they really can’t control the system because of their weakness which I think is what is also affecting xvg and other altcoins all these while.

rijaljun

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Quote from: ecnalubma on October 28, 2019, 01:47:07 AM

It seems that majority of coins are very dependent on Bitcoins price and as per coinmarketcal there is no upcoming event or implementation about XVG, that will be sad for holders I guess they can’t really speculate more on coins future value due to development seem stagnant.

Everything depends on Bitcoin price, mostly, including this one. In this matter, for me Verge was just too much hyped and the price is always overvalued. There is no significant development for me. If they really have real use then the price should not depend on Bitcoin anymore, it should have had its own independent price.

Speculation is important to make profit but doesn't mean you should hold it for too long. Holding anything than Bitcoin for long time is just wasting time and money.

ecnalubma

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It seems that majority of coins are very dependent on Bitcoins price and as per coinmarketcal there is no upcoming event or implementation about XVG, that will be sad for holders I guess they can’t really speculate more on coins future value due to development seem stagnant.

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Quote from: Harrydose on October 22, 2019, 04:46:45 AM

The cryptocurrency market is struggling to overcome the downward correction. Some currencies like Bitcoin, Ethereum, are struggling to keep Ripple bullish momentum on their values. Verge, however, is under continued downward pressure and there have been a lot of ups and downs this year. The currency is experiencing downward pressure since July and has difficulty getting bullish values.

Source: TheCoinRepublic

How on earth is Bitcoin or even Ethereum keeping Ripple's bullish momentum? Why not say Dogecoin momentum since Doge is also pumping?

Bitcoin affects everything else, but no way the other way around. And especially no way with Ripple, the most centralized currency in the top 10!

And Verge? Don't even think about it being anywhere close to having the same class!

adroitful_one

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Quote from: NathanJB on October 22, 2019, 05:23:50 AM

Quote from: Harrydose on October 22, 2019, 04:46:45 AM

The cryptocurrency market is struggling to overcome the downward correction. Some currencies like Bitcoin, Ethereum, are struggling to keep Ripple bullish momentum on their values. Verge, however, is under continued downward pressure and there have been a lot of ups and downs this year. The currency is experiencing downward pressure since July and has difficulty getting bullish values.

Source: TheCoinRepublic

The bigger picture shows Verge (XVG) moving sideways. There were not much spikes. Not much high falls either. They are reaching the bottom the way I look at it. These times are definitely buying moments for Verge (XVG). However, Verge (XVG) has to step up their voice in the market. I haven't heard of this project lately. It used to be one of the most active project before.

This is the biggest problem with Verge right now in my opinion. We haven't heard much at all from the team in the last few months. That's what is needed to get people to gain interest in the coin. They used to be really good at it. Even missing the deadlines they gave to themselves was good for it because it kept people talking about the coin.

magneto

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I personally think that all privacy coins, XVG included, will likely not see any sort of extended period of bull runs until the doubts in regards to the regulation of these cryptos are lifted.

Especially when you look at exchanges that are actively delisting anonymous coins (not really that big of a concern right now in the western world, but still a scare nonetheless), it's hard to inspire confidence and FOMO when you've got that looming over the entire market.

XVG is capable of periods of extreme price hikes, but at the same time, it doesn't really see that much actual adoption.

jossiel

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Quote from: Jack_Dan on October 23, 2019, 08:45:15 AM

Quote from: jossiel on October 22, 2019, 11:51:49 PM

~snip~

LOL, the pornhub partnership was a joke.
they used another project after XVG claimed it

It brought hype to the community and many believed on it but after few months, the coin started to drop. Until now the price has been so bad and I don't think that whether there will be good news anymore about it, recovery is going to be hard.

Quote from: darewaller on October 24, 2019, 11:55:40 AM

and look at the ripple now, where is the bullish momentum? Because I can’t see anything off such here.

When you are a holder of a coin and you see a little bit of pump, that's what you're going to think. You will have hope that this is the sign that it shall recover but in reality, it's not.

darewaller

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I don’t even get everything that you are saying, Ethereum, bitcoin, ripple’s bullish, all these, what correlation do they have or what business do they have with ripple, we are talking off responsible coins that are really catching the interest of people, You are talking of ripple, when has ripple bullish momentum be of threat to bitcoin or Ethereum, and the fact that the time you posted this thing here is the time ripple showed little bullish trend does not mean that it is planning for recovery, there are points where I have seen so many coins too at one point within this bear market time show bullish momentum which they could not sustain, and look at the ripple now, where is the bullish momentum? Because I can’t see anything off such here.

Jack_Dan

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Quote from: jossiel on October 22, 2019, 11:51:49 PM

Quote from: gunhell16 on October 22, 2019, 10:58:16 AM

Quote from: jossiel on October 22, 2019, 05:40:14 AM

~snip~

1. They think that Bitcoin and Ethreum is struggling against (XRP) Ripple because of the rise before of it while the 2 were going down! Cheesy

2. I dont see any movement from them (XVG) Verge but they are down and i am expecting and do believe that this will go rise again like what happened in 2017!
But for this to happen they need to move and make some noise!

1. LOL, that's crazy if they keep on thinking like that without noticing on how XRP has been struggling for a long time already while bitcoin and Ethereum has already retrieved and redeem themselves.

2. The pornhub and XVG partnership didn't go well I guess that's why the hype was eventually gone and they have to do something against it so that investors will be on FOMO again for this coin.

LOL, the pornhub partnership was a joke.
they used another project after XVG claimed it

jossiel

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Quote from: gunhell16 on October 22, 2019, 10:58:16 AM

Quote from: jossiel on October 22, 2019, 05:40:14 AM

~snip~

1. They think that Bitcoin and Ethreum is struggling against (XRP) Ripple because of the rise before of it while the 2 were going down! Cheesy

2. I dont see any movement from them (XVG) Verge but they are down and i am expecting and do believe that this will go rise again like what happened in 2017!
But for this to happen they need to move and make some noise!

1. LOL, that's crazy if they keep on thinking like that without noticing on how XRP has been struggling for a long time already while bitcoin and Ethereum has already retrieved and redeem themselves.

2. The pornhub and XVG partnership didn't go well I guess that's why the hype was eventually gone and they have to do something against it so that investors will be on FOMO again for this coin.

rocku12345

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Quote from: Harrydose on October 22, 2019, 04:46:45 AM

The cryptocurrency market is struggling to overcome the downward correction. Some currencies like Bitcoin, Ethereum, are struggling to keep Ripple bullish momentum on their values. Verge, however, is under continued downward pressure and there have been a lot of ups and downs this year. The currency is experiencing downward pressure since July and has difficulty getting bullish values.

Source: TheCoinRepublic

XVG faces big challenges in implementing the roadmap today. They still can`t release their own desktop wallet, so about what development prospects we can discuss after that. Verge was a great competitor in the fight against Monero and ZCash, but today it has one of the lowest capitalizations since the last pump in 2017... this coin really should remain in the history of cryptocurrencies, no more I think.

Darooghe

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There’s no such thing as a good prediction or analysis. Just random guesses hoping to be right. Proceed with caution when you come across threads like this. I've been holding Verge since May 2018 but lets be fair. We actually forget the fact that both New Year's Eve 2017 and April 2018 rises in Verge prices were due to false promises the team actually did deliver.

I was a supporter of Justin and Verge, but I don't think there is a future in this coin purely from the community. I'm heavily involved in Litecoin, and the LitecoinFam really knows how to promote whereas the Verge guys are silent. I want Verge to succeed but staying at fractions of a half cent as other coins are slowly rising may be an indicator that this project has passed.

gunhell16

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Quote from: jossiel on October 22, 2019, 05:40:14 AM

Quote from: Harrydose on October 22, 2019, 04:46:45 AM

The cryptocurrency market is struggling to overcome the downward correction. Some currencies like Bitcoin, Ethereum, are struggling to keep Ripple bullish momentum on their values.

What did I just read? the two grat coins are struggling for XRP? how it could be? XRP is the one that's struggling right now while bitcoin and ethereum is doing well to be honest. I don't see a momentum for Ripple but if there will be, I don't know when.

Quote from: Harrydose on October 22, 2019, 04:46:45 AM

Verge, however, is under continued downward pressure and there have been a lot of ups and downs this year. The currency is experiencing downward pressure since July and has difficulty getting bullish values.

I don't get to follow XVG's movement for the past few months and it's because it has not been moved that much.

1. They think that Bitcoin and Ethreum is struggling against (XRP) Ripple because of the rise before of it while the 2 were going down! Cheesy

2. I dont see any movement from them (XVG) Verge but they are down and i am expecting and do believe that this will go rise again like what happened in 2017!
But for this to happen they need to move and make some noise!

CjMapope

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Quote from: Harrydose on October 22, 2019, 04:46:45 AM

The cryptocurrency market is struggling to overcome the downward correction. Some currencies like Bitcoin, Ethereum, are struggling to keep Ripple bullish momentum on their values. Verge, however, is under continued downward pressure and there have been a lot of ups and downs this year. The currency is experiencing downward pressure since July and has difficulty getting bullish values.

Source: TheCoinRepublic

Verge had its pump, now its slow fall, like most coins that dont really have a point of existing
i dont think it will ever rise again, most PoW coins just get constant pressure from all of the autoexchange pools
Maybe Coinbase will add it Tongue

jossiel

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Quote from: Harrydose on October 22, 2019, 04:46:45 AM

The cryptocurrency market is struggling to overcome the downward correction. Some currencies like Bitcoin, Ethereum, are struggling to keep Ripple bullish momentum on their values.

What did I just read? the two grat coins are struggling for XRP? how it could be? XRP is the one that's struggling right now while bitcoin and ethereum is doing well to be honest. I don't see a momentum for Ripple but if there will be, I don't know when.

Quote from: Harrydose on October 22, 2019, 04:46:45 AM

Verge, however, is under continued downward pressure and there have been a lot of ups and downs this year. The currency is experiencing downward pressure since July and has difficulty getting bullish values.

I don't get to follow XVG's movement for the past few months and it's because it has not been moved that much.

NathanJB

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Quote from: Harrydose on October 22, 2019, 04:46:45 AM

The cryptocurrency market is struggling to overcome the downward correction. Some currencies like Bitcoin, Ethereum, are struggling to keep Ripple bullish momentum on their values. Verge, however, is under continued downward pressure and there have been a lot of ups and downs this year. The currency is experiencing downward pressure since July and has difficulty getting bullish values.

Source: TheCoinRepublic

The bigger picture shows Verge (XVG) moving sideways. There were not much spikes. Not much high falls either. They are reaching the bottom the way I look at it. These times are definitely buying moments for Verge (XVG). However, Verge (XVG) has to step up their voice in the market. I haven't heard of this project lately. It used to be one of the most active project before.

Harrydose

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The cryptocurrency market is struggling to overcome the downward correction. Some currencies like Bitcoin, Ethereum, are struggling to keep Ripple bullish momentum on their values. Verge, however, is under continued downward pressure and there have been a lot of ups and downs this year. The currency is experiencing downward pressure since July and has difficulty getting bullish values.

Source: TheCoinRepublic

Topic: VERGE (XVG) Price Analysis: XVG Bulls under Bearish pressure (Read 190 times)