A few weeks ago, pundits were quick to write off Verge (XVG), after it partnered with PornHub. The assumption was that this was going to hurt its brand in the eyes of investors. Turns out this assumption was wrong, and Verge is still making gains day after day. As a matter of fact, it has now pushed up market cap rankings, to stand at position 25. One of the reasons why Verge has been recovering after the PornHub drop is the realization by investors that by partnering with PornHub, Verge was actually doing what it is supposed to do, and that’s to offer privacy. It gives people looking to subscribe for porn a chance to do so anonymously, and a large volume of such transactions are good for the value of Verge.
Other than that, the Verge (XVG) team is quite aggressive in seeking out more partnerships that can add to the value of this crypto. For instance, there is a sustained push to have Spotify jump in as a partner. Once this deal comes through, and it will come through soon, the volumes of Verge used in real life transactions will increase by a huge margin. This will play a role in the continued rise of Verge after its price collapsed during the PornHub announcement.
Some interesting news are also emerging that the Verge team is pursuing PayPal and VenMo for partnerships. Considering that PayPal is one of the largest financial platforms in the world, such a partnership would give Verge a major boost in value. That’s because Verge would get integrated into the global payment system, thus pushing up its volumes in daily usage. If the deal with PayPal were to go through, it could be the best thing that ever happened to Verge.
But it’s not just existing partnerships, and the potential for new partnerships that are pushing up the value of Verge at the moment. It is also emerging that Binance is planning to do a do an XVG/USDT listing. Such a partnership will be a major boost to the value of Verge and for a good reason. With a USDT pairing, the price of Verge will be more stable, since its valuation will not be pegged to the value of bitcoin. Basically, this will give traders a chance to make the most of Verge price movements without having to worry about bitcoin price fluctuations. Given how big an exchange Binance is, volumes are high and will continue to rise, hence pushing up the value of Verge in the long-run.
With all these factors at play, it is clear that Verge has solid fundamentals that could see it increase in value significantly in the long-run. Short-term volatility aside, Verge could close the year at $0.50 and above. The partnerships that they are planning on, and the ones already signed are paying up. For instance verge based payments on PornHub are on the rise. That’s a pointer to its potential direction in the future.