Recent news about their partnership simply undermined the price of the coin itself, many were disappointed in such actions and began to sell or transfer to others, resulting in a complete collapse. Now it will be difficult for her to rise from this hole.
The partnership itself is great, but the raised expectations were too high. People almost expected it to be some bank, visa, ebay etc lol People were shocked by the mindgeek endorsin/ usin verge.
Which other coin has an actual usefullness ( in the sense of buying something) ? Besides cooperation with tokenpay will make this coin even more relevant and valuable.
We will have to see what the next steps will be and how verge will be valued by investors.
They made the mistake to hype the deal way too much, this raised the expectations unrealistically. So they were dissapointed