What's going on snipers now email a baby here, hope all of you guys are having a wonderful day today
Let's go ahead and dive right into our daily cryptocurrency content for today
We're gonna be talking about verge as well as its number one competitor in Manero
We're gonna be talking about the i2p protocol along with the Rath protocol
That's about to happen for a verge as well as the covert protocol
That's gonna
Be implemented into Monero, and we're gonna talk about the differences between the two, and why I think verge is gonna have an amazing
2018 as you guys can see this is the verge chart right now
We just broke
Resistance levels if you guys know what resistance levels are we do have a free resource available to all of you guys it's called
Discord and you guys can actually go on here chat with the community we have over 2,000 members now
and if you go to trading 101 you can go up here and read about a resistance level a price level that may prompt a
Net increase of selling activity because it's a higher price quote-unquote
But I like to buy past resistance levels because when something breaks a resistance level obviously
Typically this is supposed to enact more selling activity
but in this case
Obviously it just broke typically what you'll see is a breakout because now demand is increasing and supply and demand is what determines price
So pretty easy chart here with verge. I always like to look at the XMR chart as well
Whatever coin were comparing and in this case it's Manero as you can see we're seeing a lot of consolidation
And that money could be going to Virge and I'm gonna talk exactly
About why that could possibly happen right now?
When we look at the two coins on coin market cap there are a couple different distinctions
I didn't want to mention here so number one Manero has an infinite supply
Currently the circulating supply is at 15 million and on verge we have a 14 billion
Circulating supply as well as a max supply of 16 billion
so
What does that mean that means that you're probably not going to see Verge's price go to two hundred and forty eight dollars or four?
Hundred and sixty eight dollars like Manero because it has more of a circulating supply right now
However what you'll want to focus on on coins like this is what is the market cap so it's at two billion
Versus Manero at seven billion so monaro is its number one competition because they're both privacy coins
So this is what I want you guys to get out of this video
take Manero and take verge and put them both in your head and say alright if I'm gonna determine my
Investment based on what has better technology, which one would I choose so this is what I did
And I'm just sharing my opinion with view of course. This is not legal advice
I legally can't do but let's go ahead and show you guys this really quick you guys
I am implore you guys to make your own financial decisions make your own decisions on what you want to trade just take different
Perspectives from a lot of different people if somebody ever tells you man
you should do this you need to do this don't listen to them because
Typically my mentor taught me anybody with an extreme
Ideology whether it's positive or negative is not somebody to trust because it's typically good to be in between be
questionable on both the positives
And the negatives don't be an optimist or a pessimist be a realist right so that's my at least my philosophy my values
But we look at this chart this may have been a more Virg biased chart. I'm sure we could have gotten a chart
That was Manero biased and then it listed all the things that Manero has not verged
But I do want to show you guys this because it is interesting you know you can get a lot out of every perspective
Right so transaction speed two minutes versus 30 seconds
Verge has 30 second transaction fees transaction capability adaptive locks eyes versus a hundred you guys
May not understand that, but that's the transactions per second next coin supply infinite. Supply versus sixteen point five billion
This up who skates I've never heard that word
I don't know why they used that they could have just put masks user IP address because it
Typically uses the same system as towards called
I to P and it's where it masks your IP address completely
And it shields it from being tracked so as you can see mineiro does not do that but Verge does but Manero is?
Working on a covert protocol to enable that so obviously it's something that's already lacking in Manero
But Verge already has it so keep that in mind throughout this discussion
Public blockchain here Verge has a public blockchain versus manera, which doesn't and this is some
This is one of the reasons that people like me narrow the fact that it doesn't have a rich list so this is a rich
List if you guys don't know what a ritual assist you can go on most coins like Bitcoin for example
There are other privacy coins like Z cash and pip X that
You can't do this with I'm some of them
You can but for monaro specifically one of the biggest reasons you see it at
You know top 15 day after day is because it doesn't have a rich list you can't track
Where the money is in which wallets if you go to a Bitcoin rich list you can see who has all the Bitcoin and so
Forth but Verge does have that now this is what Virg is working on kind of like how Manero is doing covert e
Verges working rath protocol to enable not only the ITP protection which is already on
But the ability to be on a private ledger, which will mask the transaction so as you can see here
mobile privacy
I don't know how this was determined so we can just kind of skip that and then we'll go straight to the
Verge chart here, so this is pretty much
How the Wraiths protocol is supposed to work it not only will put it on a private ledger?
But it will give you the option to use a public or a private ledger now
This is where things kind of change for me. I loved Manero prior to reading about virgins
I'm so glad you guys talked about this on the discord
Thank you all so much because I really want to be able to see the coins and the technology
that I want to invest in long-term because I love putting in long-term investments for coins like this that really have a
Potential or companies like this and concepts like this kind of like Ripple for example
It's partnered with over 200 banks over seventy percent of Japanese
transactions touch the ripple net I like that you know and I also like the fact that Virg as
You can see it allows you to use a public or a private ledger
Which I think based on the hack that recently happened with coin pouch where they took a ton of Virg
They were able to see which wallets and went to but of course. I had I to P protection. It was private
I don't think they ever recoup those funds, but it would have been like that if it was a Bitcoin hack
I mean arrow hack or store fourth manera
You wouldn't have even been able to see where it was sent, so some people might like public Ledger's
But just want I to keep protection so that's why I really like Virg so you basically send it the Tor ITP it hides IP
Address here this one keeps it public this one keeps a private and then BAM. It's sent to the other person so
This is really interesting guys. I went ahead and put in a position once again
If you guys want to purchase a Virg you know if you want to purchase a bird's corn or multiple coins
I'm gonna put finance the link in the description below, so you guys if you guys want to use finance?
That's the my favorite coin exchange. You can actually trade for extremely low fees using their B&B coin
It's a buy Nance coin, and that it kind of acts as almost like an intermediary to get
Trades done at really really low cost more than anything. I've ever seen so as you can see
This is an awesome exchange if you guys want to purchase virgin more than welcome to this isn't trading advice
I'm just showing you guys how to do it because I know I'm gonna get these questions in the comments
But I hope you enjoyed this video guys if you guys want more of this put in the comments below
But that's my opinion on verge. I really like it
I'm glad that you guys showed me this coin on the discord you guys just talked about it like crazy
We now have these altcoin chats
And everybody's talking about Virg Virg Virg so such an awesome resource guys if you're not on discord definitely check it out
But I hope you guys enjoyed this video once again. Thank you so much for watching
I want to hear your guys's opinion on Virg so post that in the comments below
What do you think about Virg versus Manero?
What do you think the differences are and does it work to the advantage of verge or Manero? So thank you so much guys
Until next time we'll have our livestream tonight and sorry about yesterday's video actually said on the video that a support
Level was resistance, and then I mixed up that I mean I was pretty much in a rush for the past two days
But I now have a lot more time to focus in and do what I got to do, so I love you guys
Thank you so much. If you need anything. Just let me know and that's it for today snappers out
