Price Analysis

Verge Price Analysis: Verge (XVG) Price May Face Further Slump Due To Bears Getting Stronger

  • Verge (XVG) price has not yet recovered from the bear pressure

Verge (XVG) is a cryptocurrency on the blockchain platform which has been designed for everyday use with a focus on security and anonymity features. The coin has had some tumultuous times with the bears continually putting pressure on its price and pushing it downwards. The crypto market is still under the bearish regime, and the market cap has reduced for most of the altcoins. The weekly price chart for XVG shows the stronger bear position with the price in the range of $0.0047 – $0.0058.

Latest Statistics of Verge:

As on August 14, 2019, at 5:15:03 UTC, current statistics are as below:

  • Current market price of XVG is $0.0052
  • Current rank is 75
  • Current market cap is around $77,859,019
  • 24 h volume is at $1,241,210
  • ROI is at a huge > 9000 % and Circulating supply is at a sound 15,879,170,159 XVG

VET to USD Price Comparison:

Verge Price Prediction
Verge Price Chart by TradingView

The past week had a lot of price variations with the bears gaining the upper hand and the price mostly in a flattish range. From a high of $0.0058 on Aug 07, the price went down to $0.0047 on Aug 10 in a matter of 2d 22h 50m to the extent of 20.34%. In 1d 14h 20m on Aug 12, the price of XVG shot to $0.0053 to the tune of 12.86%. The continuous bear sentiment in the market has not allowed the price of Verge to rise to the upper range. Today the price has lowered to $0.0052, fall being to the extent of 1.90%. Till the bears are in full swing, there would be continual volatility in the prices of most altcoins.

Verge price has been in a flattish range over the past month or so since the bears set in. XVG has still not been able to recover from this bear phase. The current scenario is expected to continue till the market gets stabilized, but with the bears in charge, the short-term looks bleak for most altcoins, including Verge. Verge has been a coin with great future potential, and analysts feel this bearish phase will also pass and make way for a bullish run during the medium-term.

Conclusion:

Investors will need to wait for some more time till they can get back to gaining on their investments. Long-term investors should hold on to their investments.

 

Tags

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.
Back to top button
Close