Price Analysis

Verge Price Analysis: Will Bears Release Hold on The Price of XVG Coin?

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Verge (XVG) is a coin which had hugely benefitted from its immense popularity due to its anonymity and privacy features, though, it got caught in the market anomalies of the crypto market volatility. The price of XVG has seen a lot of fluctuations from the time the crypto market has been witnessing the bear trend. The price has also recovered itself to some extent, but the bears are not still allowed it from the current range of $0.0055 -$0.0064 as seen from the weekly chart.

Latest Statistics of Verge:

As on July 24, 2019, at 4:52:44 UTC, current statistics are as below:

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  • The market price of Verge is $0.0059
  • Current Market Cap is around $88,003,786
  • 24-hour volume is at $723,353
  • ROI is at a grand > 9000 % and Circulating supply is a huge 15,839,751,619 XVG

XVG to USD Price Comparison:

Verge Price Chart - 24 July
XVG Chart by TradingView

Verge price has been trying to recover as can been seen from the weekly chart though the bear momentum is still going strong in the crypto market. From $0.005839 on July 17, the price fell to $0.005514 on July 18 in 20h 25m to the tune of 5.26%. Within a matter of 4h 45m on the same day, the price recovered to the extent of 12.95% at $0.006214. However, in 18h 50m on July 19, the price again fell to $0.005707, the downward movement is to the tune of 8.10%. The price then started slowly moving in the upward range, and within 1d 9h 30m on July 20, the price had rallied to $0.006403. In 1d 12h 30 min on July 22, the price fell to the extent of 6.75% to $0.0060. The price has slightly lowered today at $0.005946. The weekly chart shows that the bears are washing away any upward swing taken by the Verge price though the situation is slightly better than last week.

Verge Price Prediction:

The price of Verge coin may still take some more time before it goes back to its original price as the bears are still ruling the crypto market volatility. Analysts are still positive on this coin though feel that short-term will be bleak but the medium-term to post a better outlook and have kept a target price of around $0.01 for the year-end.

Conclusion:

Verge is a coin with potential, based on this sentiment, long-term investors can think of investing. Short-term and intraday investors should be cautious and consider the volatility factors before jumping into the fray.

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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