Price Analysis

Verge Price Analysis: XVG Trends are Bullish; New Ventures & Focus On Projects are the USP

The recent listing of Verge (XVG) on Chaincreator exchange will go a long way in increasing its brand value and popularity. Verge is focused on projects and which will surely help it in having a better market grip. Here are the latest market stats of the altcoin.

Verge Price Current Statistics:

Verge Price Chart

  • As on June 02, at UTC 07:37, XVG was priced around 0.01038096 USD.
  • Against Bitcoin, Verge was trading at 0.00000120 BTC per coin.
  • The market capitalization of the altcoin, at the same time, was 165,857,458 USD, with currently ranked at 53rd
  • Again, the 24-hour trading volume in the cryptomarket was 4,838,853 USD.
  • On top of that, the circulating supply of Verge was 16,201,947,103 XVG.

Verge Price Comparison:

On May 08, the value of the coin was 0.00668073 USD; now after 25-days, Verge is trading with a substantial hike of 55.4%. If you observe the trading chart closely, especially the last month trading, at the time when crypto space was facing a severe bearish trend, Verge (XVG) was trading in the green zone. However, it fell into the red zone in the later part of the month, and that bearish trend persisted till 2nd week of May, marking the lowest price in last two months, i.e., of 0.00637952 USD, on May 09. Nevertheless, following the market trend, the crypto rose from there and currently is trading in the green zone and has also strengthened its value.

XVG Price Prediction:

Looking at the current trend, we have speculated that Verge (XVG) might be able to touch 0.01 USD mark by the end this month. Moreover, by the end of 2019, if everything remains confined, Verge is speculated to trade around 0.09 USD.

Conclusion:

Although market trends are bullish, there is a bit of uncertainty and distress among investors. Nevertheless, the Verge (XVG) has a strong support base of developers and a dedicated community. Additionally, the focus of the team on projects, portray the fact that they are here for a long game, so holding it is the call for investors.

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Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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