Verge’s potential lies in its vast exposure at the moment. Partnerships completed over April have given room for more that are opening up space for the coin to be utilized at a global scale. After navigating the murky waters that followed its Pornhub deal, the only way one should look at this project is going up. And that has been demonstrated by the quick turnaround of sentiment, from one of fear and anxiety to one of vibrant expectation. This vibrancy in the vergefam (Verge’s community), is encouraging more users and hence more payment providers and merchants accept XVG payments. The low prices accord investors the chance to diversify and one of the coins that could be big in 2018 is XVG. It has the team that can deliver and a growing global appeal that could be great for a price rally.
Don't get fooled by this. Verge's strongest asset was always its community, and this is not a good thing. I've been part of the community when Verge had its DogecoinDark --> Verge rebrand and the aftermath.
Those who saw it bought DogecoinDark for 3-5 sats and after the rebrand, Verge shot up to 40-50 sats.
It was glorious back then, Poloniex was the exchange to be, so it got bombarded by Verge shills demanding a listing, so much in fact, that they made a public statement, essentially saying "we got it, you can stop now". They didn't list it. After a few minor pumps, Verge bled out, people left the community (including myself) and it got quiet around it. After a few months, it hit 1 sat.
Here's the point: Verge is volatile as fuck. It went all the way back to 1 sat once, even though it had a supposedly loyal and vibrant community. It can go back there no problem, especially since it has no technical upsides over other coins. I know, the "Vergefam" doesn't want to hear this, but Verge is "different" at best, not "better".
If you apply risk management, you'll see that there is not too much upside, but a lot of downside. Back to ATH is a mere 4x, while Verge went all the way back to 1 sat before. Even if you interpolate this and say, it went from around 50 sat to 1 sat, if you apply the ratio, this means it might go back all the way to 40-50 sat.
Here's my personal stance, this is not advise:
I don't like Verge's approach with sucking up to companies on a dev level. I also don't think they deliver anything new to the cryptocurrency space. It is a shitcoin and always will be.
But that doesn't mean it is not tradeable. I knew it was a shitcoin back when I bought DogecoinDark.
However, at the moment, the risk/reward ratio is off for me. I will buy a small position when it hits two digit satoshi values again, and maybe a bit more, should it go back to single digits. And since this may well be the death of that coin, I will put it away and forget its existence, until for whatever reason, some Verge whale pumps it in the stratosphere, I can load off, give it the finger and move on.
