Measures absolute and relative price fluctuations over several time frames and other variables.
Calculates returns in comparison to moving averages and other factors.
Measures the ability to scale, upgrade and other technological weaknesses or strengths.
Evaluates public acceptance, participation of developers and other key factors.
Risk: 3 Star
Verge competes with Dash, Monero, ZCash, and PIVX. Verge currently ranks 27th in terms of market cap. It’s competitors rank 10th, 12th, 23rd, and 65th respectively. The task to overtake its competitors sounds daunting but when you consider that only 8 months ago, Verge ranked 65th the task still seems lofty but possible.
ROI: 3 Stars
As people put more value on private transactions, expect the value of XVG to increase as well. The key feature here is that Verge hides users’ IP address in a way that its competitors are not fully capable of doing at this moment.
Tech: 2 Stars
Verge wallet that does no mixing, no ring signatures (as Monero does) and no form of transaction obfuscation, but connects to I2P from 4 nodes that are all hosted from the developer and they hide your IP. They call it the “Blackhole” tech. This is in contrast to its competitors which do not perfectly hide user IP.
Team: 2 Stars
The project also needs outside review. While many of the technologies they’re implementing have been tested elsewhere, Verge could use a dose of legitimacy from an independent source. Verge also doesn’t have the same kind of resources as its competitors in the privacy space. Monero, Z Cash, and Dash have hundreds of collaborators on their Githubs. Verge only has 12.
Verge has several future plans that could make the project more compelling as a complete privacy solution. But, as said before, Verge lacks the resources and network that its main competitors can boast. That said, hiding IP addresses is an important frontier for blockchain anonymity. If they can solve anonymous smart contracts, that would be a unique breakthrough for space.