Verge's long awaited, highly anticipated partnership announcement is finally here! Drumroll please ... Who is the lucky partner? Turns out... Pornhub!
In all seriousness, this came as quite a surprise and is a fairly big deal in the crypto space. While it seems Verge paid fairly steeply to get into bed with Pornhub (sorry, couldn't resist), it is far better than Verge taking the money altogether. While this significantly reduces the odds that Verge is an outright scam, it doesn't change the matter of incompetence.
Therefore, it appears to me that Verge is more joke than scam (which is a significant upgrade). This means it is still uninvestable, but slightly safer for those of you who are trading it based on Greater Fool theory. I'd still sell, but that's mostly because I can't handle the risk associated with such cryptocurrencies.
Also note that I am not well aware of Pornhub's business model, but if it's mostly driven by advertising, I don't know how much of a difference the acceptance of Verge will actually matter. Either way, the announcement made for an interesting day!
The rest of the video discusses trading opportunities in the following cryptocurrencies (simply based on the levels they are trading at):
- Dash
- Ark
- Zcash
What are your thoughts on the Verge announcement? Let us know in the comments below. Thank you for watching / reading!