Hello World,
Wanted to shed some light on the whole John McAfee Verge (XVG) pump accusations and why I think the price is moving sideways.
Not to long ago the famed Software Security Mogul John McAfee tweeted his daily coin shout out for the then little known privacy coin Verge (XVG). Since his recognition of the coin surfaced the coin has sky rocketed and at its ATH hit around a 20x from its previous valuation, landing Verge in the Top 20 highest market cap coins.
Members of the community are beginning to question the legitimacy of Verge as a company with a countless number of mistakes major & minor they've made over the past month.
There has been claims that Verge is actually one of the worst privacy tokens available being that it actually isn't even private at all and actually completely puts users at risk of having their iP addresses exposed. A basic function for a privacy coin is to keep that private.
The wraith protocol was finally released which was a highly anticipated project and wound up being a major technical FLOP some users even reported not being able to even download the software.
Until XVG can get their tech in-line I think we will continue to see XVG move sideways simply because token holders are still hopefully in the idea of XVG and the community so we won't see a major plummet but we will definitely need to see some MAJOR improvements to the XVG dev team before their token gains anymore value in the marketplace.
I have a position in XVG. My philosophy on why i'm still HODL-ING is this, any company that gets recognized by someone with a seemingly high level of credibility and is then faced with negative challenges early on has inherently created the face of positive opportunities later on down the line.
PLEASE NOTE: This is not financial advice and is ONLY intended for informational purposes
what good is it if it cant even achieve its only true purpose
Good point. Read my philosophy at the bottom. Lol