John McAfee, the cybersecurity pioneer and eclectic personality that has in the past successfully predicted Bitcoin’s new all-time high a mere 24 hours before it occurred, and who publicly stated that bitcoin will hit $1 million by 2020, recently used Twitter to point out that privacy-centric cryptocurrencies “will have the greatest future.”
In his Tweet, McAffee mentioned three different cryptocurrencies: Monero (XMR), Zcash (ZEC), and Verge (XVG), a not-so-well-known privacy-centric cryptocurrency whose value, thanks to McAfee’s tweet, surged.
I am inundated by people asking me for recommendations on cryptocurrencies. If you would use your heads you would figure out that the privacy coins (anonymous transactions) will have the greatest future. Coins like Monero (XMR), Verge (XVG), or Zcash (ZEC) cannot lose.
— John McAfee (@officialmcafee) December 13, 2017
The tweet surprised various users. Some questioned why he dealt with bitcoin if he was bullish on these cryptocurrencies, given that bitcoin is only semi-anonymous. In response, McAfee stated that it was the easiest coin to predict, and agreed with the user that bitcoin, just like the three aforementioned cryptocurrencies “cannot lose,” presumably as they’ll stay out of governments’ reach.
McAfee’s tweet mentioned Verge next to major privacy-centric cryptocurrencies Zcash and Monero. As such some users wondered whether or not that was a mistake, forcing the cybersecurity pioneer to clarify that he believes Verge is the “best buy.”
This helped Verge’s value surge, as the cryptocurrency is currently up by 109% in the last 24-hour period, with its token recently hiting a new all-time high of $0.022, or 121 Satoshi. Prior to McAfee’s tweet, Verge’s token was trading at $0.0125 or 67 Satoshi, according to data from Cryptocompare.
Verge may not be a well-known cryptocurrency, but it has been supported by a passionate community over time. One of the cryptocurrency’s biggest advocates, XVG Whale, has visited John McAfee earlier this year, and shared his experience on social media.
— XVG Whale (@XVGWhale) October 20, 2017
Notably, Verge holders recently had to face bad news as those who used the multi-currency wallet CoinPouch lost their funds due to a node hack. It isn’t yet completely clear how the hackers managed to compromise the node, but reports suggest 126 million coins, at the time worth over $675,000, were stolen from its users.
More on Verge (XVG)
Verge was initially launched as DogeCoinDark back in 2014, and was developed on the bitcoin blockchain, with added privacy features, such as the use of anonymity-centric networks like Tor. The currency also supports multi-algorithm mining, adding security to its decentralized system.
In 2016, DogeCoinDark rebranded to Verge and saw its price surge to a then all-time high of $0.0089 per token in November this year, where it reached a market cap of $76 million. With McAfee’s help, the cryptocurrency’s market cap recently hit $289 million.