Verge Price Analysis: Will Bulls Get A Chance to Take Centerstage for Verge (XVG)?

  • Verge (XVG) has made a good recovery as seen from the 5-day chart

Verge (XVG) is a cryptocurrency that aims to make transactions on the blockchain network securely and anonymously and making it a part of everyday life. Like other major altcoins, Verge has been majorly affected by the bear phase in the crypto market. The prices have, however, made a recovery as seen from the 5-day price chart where the prices are oscillating between $ 0.0050 – $ 0.0059.

Latest Statistics of Verge

As on August 19, 2019, at 5:18:22 UTC, current statistics are as below:

bit
  • The current market price of XVG is $0.0053
  • The current rank is 68
  • Current market cap is around $85,859,265
  • 24 h volume is at $1,896,564
  • ROI is at a huge > 9000 %
  • Circulating supply is at a sound 15,887,919,939 XVG

XVG to USD Comparison

Verge price chart - Aug 19
Verge Chart By TradingView

Verge coin has managed to make a good recovery as seen from the 5-day chart. From a price of $ 0.0050 on Aug 14, the price of XVG went down to $ 0.0041 on Aug 16 in 1d 18h 15m to the extent of 16.89% with the bears continuing to put pressure on the price. However, the prices slowly started getting steady and recovered to the extent of 33.92% on Aug 17 within 9h 20m at $ 0.0055. On Aug 18 in 11h 10m the price had fallen to $ 0.0050 to the extent of 9.22%. In a matter of 3h 55m on the same day, the price recovered to $ 0.0059 to the tune of 18.80%. The price again fell to $ 0.0052 today in 19h 50m to the extent of 11.73%. At 5:18:22 UTC, the price was at $ 0.0054, which is lower again by 3.85%.

Verge Price Prediction:

The recovery for the Verge is slow as the bears are still going strong and have succeeded in pushing the price of XVG downwards continually. But from Aug 17, the price has shown a better upward trend. Analysts expect the bearish trend to be short term and feel that bulls will make an entry during the medium term.

Conclusion:

Verge is still a coin with great potential, and this fact cannot be overlooked. Long-term investors can continue to hold as there is a lot in store for Verge, which should materialize once the market stabilizes. Short-term investors would be doing so at their peril.

 

Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on the world's leading digital currencies.

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