This is the moment of verge, trx is in fall has lost 50% of its earnings in the last two hours and also applies to Poe and Ada, now a lot of capital will go from these coins to verge, the market is irrational right now, it is composed for the most part by people who have put their money at random chasing easy earnings, without knowing anything about what is behind the crypts, verge has a solid and sustainable growth and has an incredible technology that supports its healthy growth there will be fun for the next few days
I agree, completely irrational market at the moment.
I mean come on Ripple has a marketcap 3x that of tesla ( most valued car company in the world right now ) while Ripple is not even making any big turnover... If Ripple will replace the swift system ( which will take at least 5 - 7 years if ever ) then it might be worth the current valuation or maybe even 3x that, but currently the market is getting ahead of its self and that stands for most coins that offer some kind of service.
The only undervalued cryptos are the ones that can partially replace money, like Bitcoin, litecoin, privacy coins ( including VERGE ).
In the end I think it will be a fight for dominance of a few of these coins. I think even money coin startups like PURE also have a chance in the end.
Of the money coins I think most will be around in 2 to 3 years, but most of the service coins won't be.
So even if VERGE only doubles in value the coming weeks it will be a top 10 coin in a year or so, when most people realize the above.
Cryptos have been a irrational market even when bitcoin first hit $100, wall street type comps. kept the main stream investors away even back then.
