With a market cap of over $3 billion, some will argue that Verge is not undervalued at all. But when compared with the other privacy focused coins and with Verge on the cusp of unleashing a new protocol, I believe Verge is very undervalued as of December 31, 2017.
Code named the Wraith Protocol, Verge aims to protect the privacy of small business owners and individuals when it comes to making transactions on the block chain.
Verge will allow users to decide which ledger to use to conduct business. Are you looking to conduct a private transaction to remain anonymous? Or are you simply looking to send currency over a public ledger where everyone can see it? The implementation of this new technology known as the 'Wraith Protocol' will let you decide.
So why is XVG the most undervalued coin? The utilization of the Wraith Protocol means XVG is the ONLY untraceable cryptocurrency on the market today.
Its also listed on Bittrex as of this writing at only .21 cents.
Monero currently has a market cap of almost double that of Verge! There's plenty of room to grow from an investment stand point when it comes to Verge.
Coming in 2018
With Coinbase's recent announcement of adding coins to its list in 2018, one has to speculate which coins they'll prefer over another. A few obvious would be Ripple and Cardano as two top picks.
Verge is currently ranked 16th in market cap while Monero is ranked 11th. With this new implementation of the Wraith Protocol it wouldn't be a far stretch to speculate that Coinbase could add them. Monero's price per coin is currently at $354 while Verge is only .21 cents. Adding Verge to Coinbase's list of options at a far more obtainable intrinsic value would make sense. they would allow their users to experience and invest in a coin focused on privacy which is important to the crypto community.
Short and Long Term Outlook
Currently Verge is a solid buy right now. I think we'll see prices rise from .21 cents of today to .75 within 30 days. For day traders, Verge could still move down though its broken the latest counter trend line for the time being.
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Those that are looking to hold Verge long term, you'll be handsomely rewarded when it hits $30/40 per coin in 6 months.
I do not see this going to coinbase nor do I see 25$ plus in 6 months. However this can get up close to 5$ in 2018 but I feel that 2-3$ is obtainable.
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There's no way coinbase is adding verge. Verge has an extremely sketchy organization behind it, McAfee never actually promoted it, and it's just pump and dump.
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This article is straight up incorrect, Verge is not 'the ONLY untraceable cryptocurrency on the market today', there's Monero, Aeon, Zencash and Dash to name a few.
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