December has been one extraordinary month in the world of cryptocurrency. People were amazed when Bitcoin cracked $10,000 but they never saw it nearing the $20,000 mark so soon following the launch of Bitcoin futures on CBOE. After the following week’s launch of Bitcoin futures on CME, Bitcoin crashed to record lows before its partial recovery, and people are looking for ways to diversify their digital currency portfolios. Enter Verge (XVG).
Although it might be experiencing a correction, Verge rose 800% in the span of a week, joining the ranks of the 30 leading cryptocurrencies, with a market cap of $1.1 billion. Created in 2014, the cryptocurrency debuted under the name DogeCoinDark, but was changed to Verge last year. We researched this coin to get a sense of why people are flocking to it in droves, and the answers that follow are very interesting.
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Full Disclosure: The author of this article is a Verge (XVG) holder