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Price Analysis

Verge Price Analysis: Verge (XVG) Price Is Still Trading In The Bear Phase

Verge, a cryptocurrency on the blockchain platform aims for complete privacy. Investors have liked this platform for its security features and great investment value. XVG price was continuously trading under bear pressure during the past month. The price has been trying to get back as seen from the 5-day Verge price chart where the price has been fluctuating in the range of $0.0047 – $0.0060.

Current Statistics of Verge:

As on August 23, 2019, at 5:11:47 UTC, current statistics are as follows:

  • XVG price is trading at $0.005188
  • Current Market Cap is around $81,228,071
  • 24-hour volume is at $966,074
  • ROI is at a gigantic > 9000%
  • Circulating Supply is at a whopping 15,895,351,339 XVG

XVG to USD Price Comparison:

Verge Price Prediction
Verge Price Chart by TradingView

Verge price had a good start on Aug 18, but then the bears were in full motion. From $0.006035 on Aug 18, XVG price fell to $0.004890 on Aug 20 at to the extent of 19.52%. In the next 8 hours on Aug 20, the price of Verge managed to recover to the extent of 14.10% at $0.0055. However, on Aug 22, the XVG price fell to $0.004759 to the tune of 14.25%. On the same day, the price had shown recovery to the extent of 7.09% at $0.005096. Today, XVG coin is trading at $0.005188. Verge may take time to show stability in its price as the bears are still going strong in the market.

Verge Price Prediction:

XVG coin has seen a lot of price variations since the beginning of the year. The bull run from April till mid-June worked wonders for the coin. Then, the bears had made their presence felt, and the price started going on a downward swing. August began on a better note for Verge though the bears have been putting continuous pressure on the price of major altcoins including XVG coin.

Conclusion:

Long-term investors need not worry about the current market volatility as XVG is a coin with great future potential. Short-term investors should invest at their own risk in this current market volatility.

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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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