Price Analysis

Verge Price Analysis: Will Verge (XVG) Continue Its Downslide in The Bear Market?

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Verge has not still been able to recover from the bear onslaught since the month of July, and the same has continued in August as seen from the weekly XVG price chart. The bears are continually adding pressure to the Verge price, keeping it below the lower range. The price has been fluctuating in the range of $0.0060 – $0.0047 for the past week.

Current Statistics of Verge:

As on August 12, 2019, at 2:43:13 UTC, current statistics are as below:

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  • The current market price of Verge coin is $0.004960
  • The Market Cap is around $82,011,009
  • 24-hour volume is at $618,218
  • ROI is at a massive > 9000 %
  • Circulating supply is at a gigantic 15,874,781,399 XVG

XVG to USD Price Comparison:

Verge Price Prediction
Verge Price Chart by TradingView

The bears are in full swing in the crypto market and have shown their effect on the XVG price as seen in the weekly price chart. From a high of $0.005987 on Aug 05, the Verge price went down to $0.005337 on Aug 06 in 1d 1h 10m to the extent of 11.06%. In 10h 15m on Aug 07, the price went up to $0.005766 to the extent of 3.20%. In a matter of 22h 20m on Aug 08, the XVG price fell to $0.005100 to the extent of 11.41%. However, within 16h 35m on the same day, the price had recovered to $0.005467 to the tune of 7.26%. In 1d 12h 30m on Aug 10, the price went down to $0.004734 to the extent of 13.41%. Today, XVG price is at $0.004960, the upward movement being 4.77%. It may take some more time for Verge coin to recover from the volatility of the crypto market.

Verge Price Prediction & Conclusion:

The potential of Verge coin has taken a backseat in the ongoing crypto market volatility. The bears are creating havoc with the XVG price with it being mainly in the lower range. The short-term will be bearish as the bears are still going strong, and there are chances that the Verge price may still go down further. Investors have seen their investments lose their value, but the Verge has great potential, so investors should think from a long-term perspective.

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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