It is yet too early to predict the future of cryptocurrencies and blockchain in itself. Verge (XVG) has been one of the most criticized crypto coins this year with the company picking wrong strategies and poor partnerships.
Ever since April when the partnership of the year announcement was made by the Verge team, it seem to have all gone downstream for one of the largest cryptocurrency firms. The price of XVG has plummeted from a high of $0.1 USD to a current price of $0.012794 USD. This 90% drop in price pushed many investors away from the coin but with recent efforts to clean up its image, Verge may finally be on track.
The Partnerships placing Verge (XVG) back on track
A musical tune to XVG in Los Angeles
The private coin has been adopted as a payment system by one of Los Angeles (LA) famous bands for its records. The band known as Dead Day Revolution released an announcement on their Twitter page confirming that they will be accepting TokenPay (TPAY) and Verge (XVG) for its merchandise. The three member group consists of Mike Sandoz (vocals, guitar and primary songwriter), Skeeter Joplin (drums) and Cristian Sturba (bass) with over 10 tracks produced by the band.
Verge and TokenPay management teams have been working together in a bid to introduce easier payments methods like crypto debit cards to the market. This latest integration on one of LA’s most popular bands will target a new market for XVG adoption.
PundiX integrates Verge currency on XPOS
This has been one of the brightest partnership towards Verge (XVG) since the debacle in May. PundiX partnered with Verge Foundation to integrate XVG on its point of sale systems. The partnership is set to provide the user with a fast, secure, and low transaction fee platform that is truly decentralized. The CEO of PundiX, Zac Cheah saw the partnership as the future of payments praising the VergeFam, Verge’s cryptocurrency community, for their continued dedication towards succeeding of Verge.
The rise of Verge has been a testament to the power of community-driven development in the modern world of cryptocurrencies. Their dedicated community of thousands has produced a speedy, secure and truly decentralized cryptocurrency. All of these features make XVG highly suited for use in transactions and the broader retail environment and mean it’s a natural inclusion for our next batch of XPOS for international shipment” – Zac Cheah, CEO, PundiX
Verge performance on the charts
The partnerships so far formed breath a new life to Verge’s prospects to get back to the top. However, the recent fall in prices on the cryptocurrency charts has cast doubt on the quick recovery of XVG. The coin currently trades at $0.012794 USD representing a slight 2.59% gain in the last 24 hours. The coin is placed 43rd on the Coinmarketcap listings with a total market capitalization of $194,110,458 USD.