Price Analysis

Verge Price Analysis: XVG Coin Is All Set For A Price Recovery

  • Verge price is slowly working towards consolidating its position

The past few days have been good for Verge with the price being able to recover well as seen from the weekly chart with the XVG price ranging from $0.0041 – $0.0059.

Current statistics of Verge:

As on August 20, 2019, at 4:20:21 UTC, current statistics are as follows:

  • The current market price of the Verge is $0.005460525
  • The Market Cap is around $81,851,136
  • 24-hour volume is at $1,347,317
  • ROI is at a gigantic > 9000 %
  • Circulating supply is at a whopping 15,889,704,059 XVG

XVG to USD Price Comparison:

Verge Price Prediction
Verge Price Chart by TradingView

It looks like Verge is on a slow road to recovery as seen from the above chart. On Aug 14, the XVG price was at $0.00491920. From here it fell to $0.00414705 on Aug 15 in 18 hours to the extent of 16.02%. Within 14 hours, on the same day, the Verge price recovered to $0.00453849 to the extent of 9.83%. In a matter of 9 hours on Aug 16, the price had fallen to 0.00420068 to the tune of 7.21% but bounced back to $0.00493529 on the same day within 9h 50m to the extent of 17.74%. The price of Verge again had a fall on Aug 17 in 17 hours to the extent of $0.00476370 at 3.15% but managed to recover within 5 hours on the same day to $0.00553049 to the tune of 16.77%. On Aug 18, XVG price fell to $0.00505326, the downward movement being to the extent of 8.82%. Within 3 hours, on the same day, the price rallied to $0.00596482. Today’s XVG price is at 0.00546052, which is lower to the tune of 8.33%.

Verge Price Prediction & Conclusion:

XVG coin had been banking all along on its potential, but the bears willed otherwise and kept on pushing its price downwards ever since they set their foot into the market, i.e., from June end. The past few days has risen the hopes of the XVG investor community with the price rallying in the upward direction. Only it has to be seen whether the bulls will be able to hold their ground against the bears.

Long-term investors should continue holding their investments as the markets are showing a brighter side since the past few days. Short-term and day traders can make quick gains if the market could stabilize a little further.

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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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