This is based on the fact that they've managed to raise 75m xvg through crowdfunding and a new partnership that they will announce on April 16th 2018. There seems to be a lot of excitement around this and this reflects in the price action. You have to remember this is a bear market and xvg is performing well despite this.
There is much speculation about who the partner might be. A survey conducted on twitter by @CryptoKaku where 1,200 people have voted, the front runner is Amazon, followed by Pornhub.
Some of the clues from the verge development team from the verge currency chat are as follows:
- Market...e-commerce and more than that
- Industry...a big online one
- Multi billion dollar company.
So there you go. Great times for Verge up ahead.