Here's my take on privacy coin - Verge.
I won't be talking about the coin itself and its features, but about the price pattern that I am seeing applying EW for what could become one of the most price-breaking coins in the coming years.
We're currently in the middle of an extended wave ( iii ) within a larger wave 3 that should take it to the 1.618 log fib extension of $66 in 2019, with a first stop at $5 in 2018 potentially extending to the $14 fib. In the short term, we could still see the current price movement correct down to $0.05-$0.10 in an ABC wave if $0.12 is broken.
While the fibonacci levels shown in this chart may seem unrealistic due to the extremely high market cap that Verge would attain (is there any such thing as unrealistic in the crypto space anyway?), please bear in mind that the market cap means little as price is driven by volume and the number of traded coins (rather than total coins). At the end of the day, price is driven by sentiment and a solid privacy coin such as Verge is well positioned to attract lots of private investors and later on institutional investors as they follow the frenzy driven by the former.
If you like my work and want to support it, you can donate to the following wallets :)
BTC: 1GH4hqDbWXmGrc6seycMt5TMrA38c6ZtDi
ETH: 0x62dda4a7dab3d9cc5a02d89f82eaf405104af0aa
XVG: DTnnhvQTg4GhML98i8NgMqPJLabuB7GCt6
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Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
can u review pivx if you have time?
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You're talking about a 120,000% profit here ?! I hope you are right, you're EW makes sense, but are you sure you're not a bit optimistic on that, why using a log scale ? It's true crypto are exponential but it's huuuge :-)
Or maybe timeframe is like 10 years ... But you are right nothing impossible in crypto !!!
Just saying but projecting BTC at -80% and verge at +120,000% is really extreme, even for crypto, lol, but if you are right on these two a lot of money is to be made, and me too I think BTC will go down in short term and verge up in the long term.
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Stop Copy Pasting The Content of Others.
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