Verge Price Analysis: Will the Verge (XVG) Price Manage A Decent Run for August?

  • Verge is on a slow recovery mode with the price showing an upward trend for the past two days

Verge is a crypto coin with great potential but has been at the receiving end the whole of July, due to the crypto market volatility. August has brought some respite for the coin with the price moving in the upward range though the bears are still going strong. The price of XVG over the last five days has been oscillating in the range of $0.0053 – $0.0061, indicating that Verge is trying to move towards a stable momentum.

Latest Statistics of Verge:

As on August 06, 2019 at UTC, current statistics are as below:

  • The current XVG price is trading at $0.005626
  • The market cap is around $88,316,012
  • 24-hour volume is at $3,512,893
  • ROI is at a gigantic > 9000 % and Circulating supply is at a sound 15,863,875,199 XVG

XVG to USD Price Comparison:

Verge Price Prediction
Verge Price Chart

Verge price has been trying to recover as observed from the 5-day chart. On Aug 01, the XVG price was at a low of $0.005330, it then shot to $0.005780 on Aug 4 within 2d 4h 40m to the extent of 8.44%. On the same day in a matter of 5h 10m, the Verge price fell to $0.005435 to the tune of 5.97%. Within 18h 50m on Aug 05, the price had a good upswing to the extent of 11.97% at $0.006065. However, in 15h 35m on the same day, the price had fallen to $0.005597 to the tune of 7.71%. Today’s price is at $0.005626 which shows a negligible and flat movement. The price trend shows that the Verge has been trying to recover itself though it has a long way to go.

Verge Price Prediction:

July month was a tough time for the Verge price with it being continually on the downslide due to the ongoing market volatility. August seems to begin on a low note for XVG, but over the past three days, the price has slightly picked up and shown a good rally. Analysts predict the short-term to be bearish for the coin but expect the coin to bounce back during the medium term and have maintained the target price of around $0.01 for the end of the year.

Conclusion:

Long term investors can rely on the potential of the XVG coin and hold investments for a long-term perspective. For short term investors, it would be better to wait for some more time till XVG price shows some more stability so as make gains in the market.

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.

Related Articles

Back to top button