Price Analysis

Verge Price Analysis: XVG Continues To Droop Down And Momentum Is Also Heading Towards The Downtrend

Bad days and fortune are reigning in the fate of XVG as it is declining at a steady pace. Due to that, it is getting harder for XVG to have effective support levels which can push up its value. The situation of altcoins are getting poorer as BTC itself is not steady so, XVG is also succumbed to lose its worth substantially to BTC to a great extent in the upcoming days.

Current Statistics of XVG Coin:

  • Price in BTC: 0.00000056 BTC
  • Price in USD: 0.007485 USD (1:54 UTC)
  • Circulating supply: 15,813,962,909 XVG
  • Yesterday’s High / Low: 0.007829 USD / 0.007234 USD
  • Market cap: 114,802,021 USD

Verge Price Prediction:

Verge Price Prediction
XVG Price Chart by TradingView

From the current picture, it is evident that the bearish trend is persisting heavily in the fate of XVG due to which rising back in the bullish zone is not getting easier for XVG. Moreover, it is hardly able to rise but is falling steeply at greater paces, which is strikingly alarming so far, its future values are concerned. On 9th July, XVG had a high peak of 0.0079025 USD, but today only, it deterred to a low value of 0.007159 USD. Although, the shift in the prices considering these two price points is not that big but still within a span of 1 day only, the high liquidity nature of XVG is clearly understandable. Within a span of 1 day only, Verge price has deterred by 4.05%. Considering the current situation, we think that in the upcoming days, XVG can probably trade around $0.007 mark.

Conclusion:

With the poor conditions of the crypto market, the trading value of XVG can further deter and thus, considering any sort of investment on the same can be a futile idea. It is, therefore, tactical to be vigilant to its price movements to take investment decisions accordingly.

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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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