$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....

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.
 

I say it is unlikely that the project is not active.
I still have a large VERGE holding and I won't sell, I think it will be $1 sooner than you think, and my gamble is for about $3 somewhere in 2018.
Even if the dev got out of the project and the team did not work on VERGE anymore, the current influx of money will be a huge motivation to start on it again and get a new dev, because it proves that the coin will be bought if they just work on it.
So even if there is more selling this will turn around in a few months tops.
Some time ago I bought 5K NEO @ $50 it then went to the 20's, but I just din't stress, there is SOOOO much money still going in crypto and this will continue for at least months if not years. This means that almost all coins will be higher next year 99% GUARANTEED.
You will make money on crypto's if you just buy one of the top 100 coins and just hold it for 1 year. Don't look at the price in between because it will drive you mad and cause you to panic sell. People are greedy so they are chasing the next pop and sell when a coin is not performing. This can work, but can also cost you money. If you want to make money guaranteed, just buy and hold a mix of 5 - 10 of the top 100 coins and you will be fine.
 
 

I'm holding tight to my $50.000 of VERGE.. It was worth $100.000 a few days ago but I don't give a damm. NOT SELLING.
I'm betting 50K dat this coin will be worth 20x the current price withing a few months!