Price Analysis

Verge Price Analysis: Will XVG Be Able to Regain Its Lost Position?

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Verge coin has a long way to go though its privacy and anonymity features should help pull it through the current bear phase. The bears are still having a gala time in the crypto market, and Verge is also being affected by it as seen from the 5-day chart where the XVG price has been oscillating in the narrow range of $0.0054 – $0.0065.

Latest Statistics of Verge Coin:

As on July 27, 2019, at 8:01:28 UTC, current statistics are as below:

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  • XVG price is trading at $0.006141
  • Current market cap is around $97,593,933
  • 24-hour volume is at $2,257,401
  • 7 Day high/low: 0.006649 USD/ 0.005495 USD
  • ROI > 9000% and Circulating supply is a massive 15,845,526,649 XVG

XVG to USD Price Comparison:

Verge price chart July 27
Verge Price Chart by TradingView

Verge has been in the bearish zone for most of the days this week as seen from the 5-day XVG price chart. From a price of $0.006261 on July 22, the Verge price fell to $0.005482 on July 24 in a matter of 2d 10h 20m to the extent of 12.43%. On July 25 in a span of 8h 15m, the price went on a rally at $0.00608180; upward rally was to the tune of 10.99%. However, in a matter of 18h 40m on the same day, the price went down to $0.005699, downward variation was to the tune of 6.18%. The price of Verge coin did recover on July 26 in 1d 20m at $0.006575, the movement being 15.38%. The price has fallen today to $0.006141, fall being to the extent of 6.5%. Bears are still strong for the price of Verge though bulls are gaining entry at regular intervals with bears around the price has been going in the same range for the past few days.

Verge Price Prediction & Conclusion:  

Verge is still trying to figure out the way to get out of the bearish zone but has mostly been unsuccessful in its attempt. Analysts expect the short-term bearish trend to continue for some more time and feel that Verge should manage to give better results by the year-end and have kept the target price up to $0.01 for the year-end. Investors should consider the Verge as a long-term investment.

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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