XVG monthly analysis report: How did Verge do in April?

While April was a good month for most crypto-coins, it was a particularly excellent and momentous period for Verge (XVG). New partnerships where announced, it’s been traded in the green for most of the month and the last two weeks have been quite exceptional.

The month’s main event was the announcement of a new partnership with MindGeek that will allow XVG to become a payment method for Pornhub, one of the world’s most abundant adult entertainment in the world. After the deal was kept mysterious for some time, the revelation made the coin soar after April 17th.

Let’s see in more detail how Verge performed last month, in April.

Verge and the Market in April

Verge’s performance against the dollar has been incredible. It went up by 25% during April’s thirty days (and the figure has been 67% over the last 60 days). Most impressive has been the full year’s increase which is currently at 94000%. That is nothing short of fabulous, and it has turned XVG into one of the most sought coins in the market.

Verge and Spotify

Once the XVG community came out with the idea of partnering with Spotify they’ve been working hard to make it happen. A vote will decide if Spotify should adopt Verge (XVG) as a payment method. It allows for all interested parties to cast a vote.

It seems it all started when an XVG volunteer excited the Spotify’s community curiosity precisely by suggesting the creation of a voting poll.

The polling has been going on for about two weeks now, and it is still active on Spotify’s community webpage. It’s had more than three thousand votes in favor so far.

While the coin is still in the air, a partnership between Verge and Spotify is an exciting prospect, and the idea is becoming more popular chronologically.

Verge and TrafficJunky

The MindGeek partnership also opened the way for Verge to do business with TrafficJunky, which will also be important. It seems like a natural step forward since PornHub is one of TrafficJunky’s affiliates.

TrafficJunky is among the world’s leading marketing services. It gives each client an individual, unique, and customized approach that answers to every customer’s wishes, needs, and resources.

TrafficJunky’s immense popularity (over a billion daily hits) and expertise in marketing will also provide XVG with much more exposure. Both firms joined forces last May 4th, and it’s expected to be very beneficial for them. Verge will provide means to fund TrafficJunky’s user accounts.

Now

Currently, most coins have been trading in the green (again) for sustained periods of time, so the market is thriving, and Verge’s XVG is a crucial part of that. In compliance to last 24 hours, It also has been trading on the green (7.1% increase in value) and rising against both the dollar and Bitcoin.

The latest status is that Verge’s current price is $0.0753 per token, which could seem low taking into account it’s been as high as $0.22 in the past. But if it keeps performing as it has, it will reach new heights sooner rather than later.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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