Price Analysis

Verge Price Analysis: Verge May Seek the Support near $0.0053 for now

  • Verge (XVG) is down by 3.33% over the last 24 hours.
  • The coin may touch 0.01 USD before 2020 sets in.

It has been two days, the crypto market has taken off to gain profits, but Verge (XVG) couldn’t start its shift yet. The coin has been under immense pressure for the last few days and it is expected to have a bullish turnaround by the time this year ends. The coin is likely to reach 0.01 USD before the New Year sets in. Let us find out the current statistics of the coin now.

XVG Price Statistics-

  • Verge, with above 9000% of ROI (Return on Investment) is now ranked at 73rd position in the market.
  • A total of 15,856,359,119 XVG coins are in current circulation.
  • The market cap of the coin as on 1st August at 04:17 UTC is 87,130,361 USD.
  • The value of each coin at the same UTC stands at 0.00000053 BTC and 0.00550157 USD.
  • The 24h volume rests at 1,192,786 USD.

XVG to USD Price Comparison-

Verge price chart August 02
Bitcoin Price Chart by TradingView

With two ups and two downs, the coin has been down by almost 3.5% in the last 24 hours. The first dip in the value against USD is caused over 6 and a half hours starting from 00:08 UTC. This fall cost the coin 0.0002 USD. The next variation came as a decrease in the value by 4.12% and it led the coin to 0.005461 USD price level. These two decreases were followed by two hikes. Over the next 7 hours and 47 minutes from the second swing, the coin got a push by 3.71% and made the investors rich by 0.0002 USD. By 18:08 UTC, the value was 0.005662 USD. However, the coin faced few hours of downfall after that. And the final hike was between 19:04 UTC and 23:25 UTC. This hike could add 0.0002 USD to each coin against USD.

XVG Price Prediction-

Verge (XVG) has high chances of turning around the situation in the near future. The coin is expected to touch 0.01 USD by the end of 2019. The details of the resistances and supports are given below.

Verge (XVG)
1st Resistance0.005704333 USD
2nd Resistance0.005911667 USD
3rd Resistance0.006078333 USD
1st Support Level0.005330333 USD
2nd Support Level0.005163667 USD
3rd Support Level0.004956333 USD

 

Conclusion-

Verge at the rank of 73rd may not yield huge returns, but the coin is surely a promising one. The long-term holding of Verge is likely to give better returns.

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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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