Verge [XVG], DASH, & NEM [XEM] – Bright Skies Ahead

Verge [XVG]

After a bearish week last week, most digital tokens are back in the green. The entire cryptocurrency market as a whole is making its way back to $300 billion. Bitcoin (BTC) broke over the $7,000 mark, and Ethereum (ETH) is now seeing prices over $400.

Source: CoinMarketCap

Here are a few of the coins making the most gains on the market today.

DASH

Source: CoinMarketCap

There hasn’t been any new foundational news from the DASH project, except a video surfacing from eToro. eToro specializes in cryptocurrency trading and currently holds nine million active community members. Just recently, they produced an educational video on DASH and its rise geared towards their crypto community.

Recently, the CEO of DASH, Ryan Taylor, told the media:

“Dash is in many ways a better Bitcoin. It has rapidly become the number-one digital currency for payments because of our cheap and instant transactions, anywhere in the world. It is quickly incorporating payments industry best-practices that the digital currency industry has lacked. Dash transactions lock within a couple of seconds due to our revolutionary second-tier masternode network, making Dash acceptance feasible at the point of sale and online, just like credit cards.”

While it may have taken a hit from being de-listed on CoinCheck, it seems it has a strong backing by the eToro community, which has pushed it’s price up in the last 48 hours.

At press time, DASH is trading at $337.91 a coin, up 11.77%, in 24 hours. Will it reach back about $1,000, by the end of the year?

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Verge [XVG]

Source: CoinMarketCap

Verge is not new to the cryptocurrency community, as it first launched its ICO back in 2014. There haven’t been any improvements to its technology or groundbreaking announcements until now. Through the project’s official Twitter account, they just confirmed the first successful crowdfunding campaign.

The Verge team had baited their community that if they could collect 75 million XVG, the team would unveil a huge “mystery” partnership. 75 million XVG was raised in the course of a week, which has naturally increased the market cap and trading volume of XVG. Cleaver ploy? The team is being critiqued heavily for their desperate marketing tactics and supposedly revealed their new partnership.

Except it wasn’t an announcement at all, but more of just a marketing hype. The real partnership will be announced on the 17th of this month. Still, there were some positives that have come from the hour-long interview that is getting mixed reviews from the Twitter community.

I’ll let you come to your own assumptions on the direction of this project. Verge is very similar to Monero, in the sense that it emphasizes secure and anonymous transactions. It used to be named DogeCoinDark but was rebranded to Verge last year.

At press time, XVG has skyrocketed to $0.0658, a coin, up 45.12%, in 24 hours and now leads the cryptocurrency market for most gains.

>> Verge up 600%

NEM [XEM]

Source: CoinMarketCap

Just this week, it was announced that there had been a change in leadership at the NEM Foundation. Also, after two and a half years of development, the plugin that allows developers a unique smart contract experience named Catapult, has finally been released. NEM is a smart contracts platform that is said to eventually surpass Ethereum. The difference between the two is it is geared towards large technology firms seeking to create their own digital assets, a first of its kind on the crypto space.

ProximaX, a peer-to-peer platform that is designed for developers and institutions to easily and seamlessly deploy their blockchain solutions, has been put at the forefront of the foundation’s importance. The former president of the NEM foundation, Lon Wong, has been put in charge of ProximaX to ensure its success. Krisof Van de Reck has been placed as interim president of the Foundation, until one is found. It seems this announcement, has propelled the coin’s price. Good thing too as it has lost over 75% of its value since the beginning of the year. Will this new change in leadership and rearrangement propel the project and XEM’s price? We shall see.

XEM is currently trading for $0.246 a coin, up 10.86%, in 24 hours.

Featured Image: TheUrban

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