Price Analysis

Verge Price Analysis: Looks Like Bear Are Set to Rule Verge (XVG)

Verge has been a coin with potential and was recently in the news when Bitnovo tweeted about XVG being used on its platform. XVG price being constantly under bear pressure, investors are kept wondering about its future viability. The bears have taken their toll on the Verge price which has been moving in a similar range for the past few days as seen from the 5-day XVG chart.

Latest Statistics of Verge:

As on August 13, 2019, at 2:57:50 UTC, current statistics are as follows:

  • Verge price is trading at $0.00500292
  • Current Market Cap is around $78,406,363
  • 24-hour volume is at $669,181
  • ROI is at a massive > 9000 %
  • Circulating Supply is at 15,876,637,059 XVG

XVG to USD Price Comparison:

Verge Price Prediction
Verge Price Chart by TradingView

It has been mostly bearish days for the XVG coin as seen from the 5-day Verge price chart. The price was at $0.00509380 on Aug 8. It then went up to $0.005472 on the same day within 16h 5m to the extent of 7.47%. However, within 1d 12h 35m on Aug 10, the XVG price went down to $0.004676, the downward movement is to the tune of 14.53%. Then, Verge price took a rally on Aug 11 in 1d 11h 10m to the tune of 10.87%. The bears were continually making their presence felt as the price again fell to $0.004897 on Aug 12 in a span of 20h, downward swing being 5.50%. The current price is at $0.00500292, which is negligibly higher by 2.14%. Nothing can be expected much from the current bear scenario as the XVG price has been hovering in the same range since last month.

Verge Price Prediction:

It looks like until the bear pressure is continuing in the crypto market, the Verge price will continue to get affected and be in the lower range. The bear sentiment has created a lot of negativity in the market, and investors are getting wary of the current market scenario. Analysts, however, expect the current phase to be short-term, and the market should pick up soon.

Conclusion:

Long-term investors can bank on the returns given by Verge coin over the past years and hold onto their investments. Short-term traders should have a little patience and trade with care.

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Ruti Vora

Ruti has recently joined CryptonewsZ as a writer and has been writing on other cryptocurrency sites as well. Having a background of tech field makes her versatile with a keen interest in literature. You will find her surrounded by books and music when she is not on work. You can also contact her on Linkedin or Facebook.
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