Altcoin

The Rise of Verge (XVG) Spells Opportunity for Pornhub

Verge (XVG) –  has started coming back to its senses after weeks of condemnations and abuse from the crypto space. A lot of people have weighed in on Verge sudden fall, attributing it to the partnership it went into, with Porn sites.

However, there appears to be an increasing value as of today. It trades at 0.0795, and has 24hours value rise of 12.19%, and 16.30% in the last 7 days. There is hope for Verge, the bullishness has just began.

How it all Started

It all began when the reliability and integrity of Verge Currency was tested. The cryptocurrency which brands itself as secure and anonymous was attacked by hackers which is not the first of its kind.  According to a forum post on a Bitcointalk forum, by a regular poster ocminer, unknown miner took over 51% of the network’s Hashrate, and close to 250,000 Verge was carted away.

The attack, according to the forum, was made possible due to the availability of some bugs in the altcoin’s line of code. This gave hackers the opportunity to intrude the coin’s privacy, and came down to twitter to mock the altcoin, demanding funds from users in a funny manner.

Shortly afterward, Verge demanded crowdfunding supports from its users to make the cryptocoin land an awesome partner. A tweet by Verge indicated that it plans to unveil a mystery partnership once it was able to receive 75 million XVG crowdfund within the slated timeframe.

Not many believed the trick since Verge was susceptible to malicious hack day in day out. Others who believed saw it as overhype and hence did not believe Verge could land an awesome partner worth been celebrated. The donation, when it was revealed to be true received enormous opprobrium from the community, with many saying the coin is on the threshold of leaving the crypto space.

loading...

After the crowdfunding, Verge received 75 million XVG within 7 days, and its market cap value skyrocket.

Within the 7 days, TokenPay invested 66.5 million XVG in the donation and was regarded as the highest donour which underpinned the successful completion of the crowdfunding process.

Couples of days after, the mystery partners was unveiled, and it turned out to be Pornhub. Although it was surprising, but despite, people attacked Verge and called the partnership unnecessary. Some stated it was necessary but inducing a partner with money is detrimental to the cryptocurrency world.

The partnership seems not to be working for Verge as the altcoin experience some down fall amongst which its price nosedived. But, the situation seems to have a new face as it has given Verge some opportunities in the cryptocurrency space.

Below are opportunities provided by Pornhub:

Advantage to Coast Porn Industry

The moment Pornhub partnered with Verge, Brazzer announced the same. Crypto lovers may be thinking it is the end, however, there appears to be more hope for the currency in the Porn industry. There is possibility that other porn sites may follow the same step due to the fact that they like implementing others idea to better the industry.

As indicated in Pornhub’s announcement, there is tendency others join saying:

“The future has come. In our efforts to keep current with our community’s privacy and payment preferences, Pornhub will now be accepting Verge as a means of payment for services like Pornhub Premium and more, on our platforms. Building on Verge’s core values of security, anonymity and practicality, the introduction of this cryptocurrency as a means of payment Pornhub signifies an important foray into the future from the industry that is always on the cutting edge of technology.”

What has been noted with the porn industry over the years, is that once one website does something revolutionary, the rest follow suite.

If MindGeek supports Verge, over 160 other porn sites will do. Infact the owner of Pornhub, and Brazzar is the owner of MindGeek. This is tantamount to opportunities for Verge.

Opportunities to Advertise

The day that Verge unveiled its mysery partner, it stated that it will go into advertisement immediately. Not long after, different videos and road shows were unveiled to sell Verge to the Porn industry. Nearly all social sites felt the feeling of the development. The idea is courtesy Pornhub and it is giving Verge a new look, sooner or later the story will have positive impact on Verge.

Boldness To Move To Spotify

Verge had not demanded partnership publicly from any company until it partnered with Pornhub. One of Verge’s team came on Twitter to publicly demand people’s like, retweet and vote so that Spotify can gladly accept Verge as a cryptocurrency to partner with.

If it works, it means Verge has the boldness to walk up to any firm and demand partnership. Now, there is possibility that Verge partners Spotify if the idea really works, and it means victory for the cryptocoin.

Bitfinex Introduce Trading For Verge (XVG)

As the partnership trend grow, Bitfinex today announced its partnership with Verge. This is a win-win victory after all. There is more than we understand about Verge, thanks to Pornhub who brought the coin to limelight anyway.

Tags

Leave a Reply

Your email address will not be published. Required fields are marked *

Close
Close