People who have been following Verge (XVG) knows that this crypto's price has been a roller coaster ride. From the announcements of John McAfee to the Wraith protocol delayed release, and now, the crowd-funding which was dubbed by Justin Sunerok to be "Perhaps the largest adoption of a non top 3 coin to ever happen" and that "it could be the largest adoption of a virtual currency ever."; the price has been going up and down.
Since a few weeks ago, XVG has again put into limelight because of this crowdfunding and its success. However, the announcement of the partnership will not be announced until the 17th of April.
If this partnership is as ground-breaking as Justin Sunerok has made it sound-like to be, then I am expecting the trend below.
However, if the partnership is not as impressive as people expects, then the impulse wave will be shorted-down up to C wave only before plunging back down.
Note: Going down below $0.22 before April 17th will invalidate this current count.
Due to the low market cap. and low marketing presence, XVG is one of those coins that are very susceptible to news; thus, it is very hard to back-up the claims using other indicators. Let's just hope that this announcement by the XVG team is very impressive which will bring us all to the moon!
Disclaimer
This is my personal view and I don't claim it to be a professional financial guide. Your decisions are controlled by you and only you. Listen to what others say, but don’t believe everything that you hear. Research, analyze, and think. In the end, you can only thank yourself for believing in something that is true. Likewise, you can only blame yourself for believing in something that is false.
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