Bitcoin recorded its lowest price this year, dropping below the $5000 mark in June 2018, which created a wave of declining altcoin prices.
Furthermore, a number of Verge mining issues created opportunities for hacking attacks, making the XVG coin’s price more vulnerable.
The team strategically tackled the situation by going forward with expansion and development in new areas through signing partnership agreements.
The XVG token has been very attractive for investors in the first half of 2018. Verge’s history is quite impressive – started as DogeCoinDark, the crypto was rebranded to be adopted by the general public.
The first major partnership that helped Verge headline the crypto news was the deal with PornHub. The popular adult entertainment site was seen as an excellent opportunity for Verge wallet owners, but it didn’t go so well after the website launched its own VPN for explicit content exchange.
XVG was never meant to be of use only for the porn industry. Verge landed an agreement to be a payment method on the TokenGaming platform.
The list of partnerships grew even further by the adoption of Bamb-U – an Australian-based brand dedicated to wooden watches and sunglasses.
The successful signing of partnerships is expected to result in higher popularity and an increase in the adoption levels of the coin. Ultimately, the integration to secure transactions for various products and services is the goal of any cryptocurrency.
Following the partnership news, the crypto community expects a bright future for Verge and the altcoins that follow its example in their bid to achieve stable market performance.
If there are no major disturbing crypto events on the market, the coin is expected to start regaining its previous glory at a steady pace.