It will stay cooled until there is enough demand being brought in through utilization of the coin. It is clear there are HFT systems on the coin or large holders dumping coins (maybe both). That could be a while though. What you want to look for is if they utilize it for new subscription or pay as you go models that will increase the number of transactions. If the new concept results in more revenue for the sites by bringing in new consumers that were not there then it would be huge for Verge.
I am actually working on a post for some things I think that they need to work on to really expedite a real benefit to Verge. The problem is that if the market is recovering right now and on the way up. Large Verge holders may continue to dump to ride the other larger waves that will offer more immediate returns.
That's pretty much what we are seeing now - if alts boom, Verge for some reason tank... Your theory would explain it. But it is rumoured that more marketing shall be deployed soon for Verge, so let's hope that PH deal will pay off soon for Verge holders.
However, it has cooled down now. The banner was also removed and the hype has decreased dramatically, so has the price.
It will stay cooled until there is enough demand being brought in through utilization of the coin. It is clear there are HFT systems on the coin or large holders dumping coins (maybe both). That could be a while though. What you want to look for is if they utilize it for new subscription or pay as you go models that will increase the number of transactions. If the new concept results in more revenue for the sites by bringing in new consumers that were not there then it would be huge for Verge.
I am actually working on a post for some things I think that they need to work on to really expedite a real benefit to Verge. The problem is that if the market is recovering right now and on the way up. Large Verge holders may continue to dump to ride the other larger waves that will offer more immediate returns.
That's pretty much what we are seeing now - if alts boom, Verge for some reason tank... Your theory would explain it. But it is rumoured that more marketing shall be deployed soon for Verge, so let's hope that PH deal will pay off soon for Verge holders.