VERGE

Cryptocurrency Market Update: Real Recovery or Dead Cat Bounce?

Cryptocurrency Market Update: Real Recovery or Dead Cat Bounce?

NEWSBTC, VERGE
Markets are still gaining, Bitcoin SV, Cardano, Tron and Verge on the up.The recovery on crypto markets has continued for a second day but has slowed down somewhat. Percentage gains today are less than what they were yesterday but market capitalization is approaching $140 billion once again.Many are calling a ‘dead cat bounce’ on Bitcoin indicating that it will meet resistance at $4,200 and plunge back into the depths below $4,000 again. BTC has made 7% on the day and reached this resistance level just passing it to clear $4,300 few hours ago.Ethereum has not been so fortunate with a smaller gain on the day to take it just above $120. ETH is really struggling at the moment with the threat of further ICO selloffs and EOS and Tron snapping at its heels.Most altcoins are in the green again to
Less Than 1 Percent of Subscribers Use PornHub’s Cryptocurrency Payment Option

Less Than 1 Percent of Subscribers Use PornHub’s Cryptocurrency Payment Option

BTC MANAGER, VERGE
While Pornhub may have generated a lot of excitement as one of the first adult entertainment companies to accept cryptocurrencies, their subscribers do not share the same level of enthusiasm. Hard Fork reported on September 28, 2018, that despite offering multiple cryptocurrency payment options such as Verge (XVG), Tron (TRX), and Horizen/ZenCash (ZEN), less than 1 percent of users opt for the cryptocurrency payment option on the site. Pornhub Remains Optimistic According to Hard Fork, Pornhub mentioned in an email that cryptocurrency payments made up “less than 1 percent of purchases made” on the pornographic website. Although 1 percent is a very low statistic, Pornhub has on average 81 million visitors every day, as seen in its 2017 report. While 1 percent of approximately 28.5 billion v
Verge Price Analysis: XVG/USD Correction from Strong Rally

Verge Price Analysis: XVG/USD Correction from Strong Rally

BITCOIN, VERGE
Verge recently spiked roughly 30% in the past 24 hours on account of its addition into an EU exchange. Price hit a roadblock at the 0.0200 mark, though, and a pullback appears to be taking place.Applying the Fibonacci retracement tool on the latest swing low and high shows that the 61.8% level lines up with a broken resistance, which might now hold as support. This is also around the dynamic inflection points at the moving averages and the rising trend line connecting the lows since mid-August.The 100 SMA is above the longer-term 200 SMA to confirm that the path of least resistance is to the upside. In other words, the uptrend is more likely to resume than to reverse. Support at the 0.0160 level could be the line in the sand for a retracement, though, as a break below this could lead a rev...
Cryptocurrency Market Update: Bitcoin Cash Boosted on Stress Test Day

Cryptocurrency Market Update: Bitcoin Cash Boosted on Stress Test Day

BITCOIN CASH, NEWSBTC, VERGE
Sunday seeing further gains; Bitcoin Cash, Neo and Verge all performing solidly.That green feeling has continued over the weekend in crypto land as the recovery gains momentum. Market capitalization has climbed a little again pushing it over $235 billion, its highest level for over three weeks.Bitcoin keeps climbing, albeit very slowly, it has made 2.3% on the day to trade at $7,230. The next resistance level for BTC is $7,350 which it could reach soon if momentum is maintained. Ethereum has finally made a little progress inching ever closer to $300. ETH is up 3.6% on the day and currently trading at $297.Altcoins are mostly in the green with a couple really standing out at the moment. The top ten shows Bitcoin Cash streaking away with the lead and a 17% gain on the day to $647. BCH was on...
Daily Recap: Crypto Market Surges as Tokens Including VeChain Spike 50%

Daily Recap: Crypto Market Surges as Tokens Including VeChain Spike 50%

BITCOIN, CRYPTOCURRENCY, ETHEREUM, NEWSBTC, RIPPLE, VERGE
The cryptocurrency market has shown a marked recovery from its bearish mood which saw Bitcoin drop below $6,000 to a near 2018 low. While Bitcoin stands at $6,500 today – an increase of over 2% in 24 hours, crypto analysts say that only an upward movement above key resistance at $6,675 would indicate a bullish reversal.Several other cryptocurrencies have also witnessed a significant upward price movement in the last 24 hours. Ethereum, at $300, is up by over 4% today, while Ripple has grown by nearly 8%. However, the top crypto performers have risen by 20% or more. Lisk, Ontology, Nano, and Verge have spiked 21%, 37%, 32% and 29% respectively. VeChain has shown the strongest recovery with a price rise of nearly 80%.VeChain’s surge stems from its impending listing on Coinbase, among other f