Price Analysis

Verge Price Analysis: The Bears Are in No Mood to Let Verge (XVG) Price Rise

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Verge, a coin with great potential on the blockchain platform is well known for its privacy and anonymity features. Investors are very keen on the coin due to its great ROI, which is greater than 9000%. Verge coin, however, has not fared well in the recent crypto market volatility but trying to pick up though the bears are still strong. The 5-day XVG price chart indicates a mixed bag where from a high on July 20, the bears took over on July 23 & July 24. Today the price is somewhat better at $0.005950.

Latest Statistics of XVG:

As on July 25, 2019, at 5:54:28 UTC, current statistics are as below:

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  • Verge price is trading at $0.005950
  • Current market cap is around $94,506,908
  • 24 h volume is at $1,255,954
  • ROI is at a grand > 9000 % and Circulating supply is a huge 15,841,652,539 XVG

XVG to USD Price Comparison:

Verge price chart July 25
Verge Price Chart by TradingView

The bulls had a good run from June 20 when the price was at $0.0064 till July 22. On July 23, the bears took over, and the price fell to $0.005596 to the extent of 12.78% within 2d 10h 30m. Within 11h 10m on the same day, the price showed a recovery of 5.89% at $0.005923. In 21h, however, the price again fell to $0.005510 to the extent of 6.97%. Today the price is at $0.005950, recovery being to the extent of 8%. This shows that the bears are still going strong, pushing the price lower though the bulls are trying hard to regain their lost position.

Verge Price Prediction & Conclusion:

XVG will still have a long time to go before it sees some stability as the bears are still strong. The price has been trying to recover though been moving in the same range for quite some time. Analysts expect the current trend to continue and target the year-end price at $0.01.

Investors can think of investing though in the long term. Short term investors may not gain much due to the price movements being in a very narrow range.

Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on world's leading digital currencies. She holds graduate degree in journalism.

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