Price Analysis

Verge Price Analysis: Verge (XVG) Is Still Navigating Under The Bear Pressure

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Verge has been facing a lot of bear pressure since the end of June. XVG price, along with most other altcoins, has been plummeting due to the continuous crypto market volatility. However, this does not take away the credibility of the Verge, which is a top-rated coin. The past week has seen a lot of price variations wherein the XVG price went as high as $0.00607 on Aug 05 indicating that Verge is working towards getting its price in the upper range.

Latest Statistics of Verge:

As on August 09, 2019 at 4:43:07 UTC, current statistics are as below:

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  • Verge price is trading at $0.0055228
  • Current market cap is around $84,516,340
  • 24-hour volume is at $827,797
  • ROI is at a huge > 9000% and Circulating supply is at a whopping 15,869,346,549 XVG

XVG to USD Price Comparison:

Verge Price Prediction
Verge Price Chart by TradingView

The bears are continually pulling the XVG price in the downward direction as observed from the above Verge price chart. The first week of August did begin on a good note for XVG when the price went up from $0.005319 on Aug 02 to $0.006079 on Aug 05 within 2d 4h 25m, and upswing was to the extent of 14.46%. In a matter of 16h 5m on the same day, XVG price fell to $0.005583 to the extent of 8.22%. In the next 4h 25m on the same day, the Verge price recovered to $0.005972 recovery being to the tune of 7%. This was a short phase as the XVG price again fell to $0.005327 on Aug 06 in 1d 1h 25m to the extent of 10.80%. On Aug 07, the price rose to $0.005786 in a matter of 10h 20m to the tune of 8.62%.  Today the price has lowered to $0.005528 to the extent of 4.45%. The chart indicates that the bears are still showing their strength.

Verge Price Prediction & Conclusion:

XVG coin has been severely affected by the crypto market volatility with its price being continually being in the flat range of $0.0053 – $0.0061 over the past week. The bears are still around and the short-term movements towards a bearish trend for the coin and most of the altcoins.

Investors can keep in mind the future potential of the coin and invest for the long term. Short term traders should trade cautiously because the market is still showing intense volatility.

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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