$2.50 is where VERGE will go to in the short therm. This will not be to hard with the current influx of investors looking for a quality coin.
The market currently has the right conditions for verge to take off.
Many ridiculous coins pumped the last week and it looks like the market is now realizing that those coins are overbought.
The money (hungry for gains) will start to look for solid coins now.
The most solid coins at the moment are:
-Bitcoin
-Ethereum
-VERGE / MONERO
But:
- Bitcoin moves to slow for the current greed in the market.
- Ethereum already had a big move up so it is at a consolidation phase now.
- Monero is a steady gainer so this could continue
- Verge has not moved much after the last pump and has the most potential of all coins to pump at this moment.
We could see a couple of days with big gains for Verge.
I expect a consolidation phase again at about $2.50 after the next pump.
If this coin will reach $8 soon like the other guys stated sounds ridiculous at this point. It could go there some day but even with the current insanity and huge pumps this seems unlikely in the near therm.
Reaching $2.50 will still mean a 10x increase from this point which is still "normal" in this crazy crazy market....