Verge Price Analysis: XVG May Have A Slow Time Conquering Back Its Position In The Market

  • Verge (XVG) may have to wait a little longer to consolidate its position

Verge is a cryptocurrency known for its anonymity and security features which have been popular with investors and has been continually fetching a good return on investments over the years. Although, the price of Verge has been battered in the current crypto market volatility, especially during the previous month when it was continuously trading in the bearish range. August has begun on a better note for Verge though the bears are in no mood to relent and let go of Verge as seen from the 5-Day price chart where the prices are in the range of $0.0053 – $0.0061.

Latest Statistics of Verge: 

As on August 08, 2019 at 5:27:02 UTC, the current market statistics of the coin is as follows:

bit
  • Current trading price of XVG is $0.0052
  • Current rank is 74
  • Current market cap is around $84,243,885
  • 24 h volume is at $1,309,944
  • The coin fetches an ROI of > 9000 % and Circulating supply is at a massive figure of 15,867,571,189 XVG

XVG to USD Price Comparison:

Verge Price Prediction
Verge Price Chart

Verge has been continually moving in the same range as seen from the 5-day chart.  From being at $0.0057 on Aug 03, the price went down to $0.0054 on Aug 04 to the extent of 5.57%. In the matter of next 20h 40m on Aug 05, the coin had a good price rally trading at $0.0061 to the tune of 12.39%. However, this was short-lived as the price again fell to $0.0053 within 1d 45m on Aug 06 to the extent of 12.76%. In 18h 10m on the same day, the price went up by 7.22% to $0.0057. But, in 20h 55m on Aug 07, the price had again fallen by 7.03% to $0.0053. The current trading price has lowered marginally to $0.0052. The price trend points towards a flat variation in the range of $0.0053 – $0.0061 showing that every time Verge tries to move in the upward range, the bears show their might and pull it downwards.

Verge Price Prediction:

Verge will have to wait for some more time till the price show more stability though, for August the price variations are in a better position than July, Analysts expect the short-term to be bearish for Verge though have a bullish outlook for the medium term and have kept a good target price of around $0.01 towards the year-end. Long-term investors should hold on to their existing investments as Verge is expected to deliver in the long run.

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.

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