While Bitcoin might be the digital coin that’s getting everyone’s attention, there is a new cryptocurrency which is making phenomenal gains. The cryptocurrency we are talking about is called Verge (XVG) and many stock investors are calling it “the next Bitcoin”. Even though Verge (XVG) is new to the scene, the digital coin surged to $0.24 in no time and it doesn’t look like it’s going to stop anytime soon.
As every documented cryptocurrency investor already knows, the famous John McAfee is the one who made Verge (XVG) popular. John McAfee is a known software engineer and extravagant cryptocurrency investor who somehow manages to make the right predictions when it comes to investing in the likes of Bitcoin and other digital coins. Although, there is one instance where his prediction went wrong.
Nonetheless, Verge (XVG) is now priced at $0.24 after one month of being available and stock investors all around the world started investing in it. Although, this doesn’t mean that Verge (XVG) is going to follow in the same path as Bitcoin and reach $28,000.
In fact, some experts are saying that Verge (XVG) is going to see a major drop in value during the upcoming future. This is exactly what happened with DigiByte (DGB) which was also promoted by John McAfee and instantly started gained more and more value. However, DIgiByte (DGB) lost more than 20 percent of its value in the next day!
Upcoming Verge (XVG) Software Update
People who are interested in putting money on Verge (XVG) should know that a major software update is coming. This update is expected to materialize the Wraith protocol until the year ends.
However, a Reddit user which claims that he has inside information is saying that Sunerok who is the lead developer for Wraith is not even close to completing the update. Therefore, Verge (XVG) is far away from being stable.