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Price Analysis

Verge (XVG) Price Analysis: Verge’s Announcements of a Tie-up with Paycent & Others Will Boost Its Value

Today during Verge’s 2nd meet up in Rotterdam, there were many positive announcements to boost its future.

The following are the Verge announcements:

  1. Partnership with Paycent:

Verge tie-up with Paycent is a milestone with nearly 50,000 crypto cards issued by Paycent around the world. It is sure to grow with the global reach of Paycent. The partnership with Paycent will enable the following possibilities:

  • XVG is now usable in 200 countries and in 36 million locations
  • Purchase products from Amazon using XVG
  • Book flights on Emirates, Etihad, Singapore, Delta among others
  • Hotels can be booked on Expedia and in other platforms
  1. Partnership with XcelTrip:

XcelTrip is one of the next generation travel platform fueled by blockchain to dominate the trillion dollars involved traveling business. With its unique app which operates both in Android and iOS, it democratizes crypto use cases.

This partnership with XcelTrip  enables the following:

  • Book more than 800,000 hotels with XVG
  • Book more than 300 airlines
  • Recharge your smartphones with 900 operators in 160 countries around the world

Partnership with XcelPay:

XcelPay with a merchant POS or Point Of Sale, which is a secured smart tablet to  create a link between the consumer use case and merchant payment solutions. This POS enables the use of XVG in restaurants, bars, hotels, gas stations, and many more.

May 26, 2019, Price Statistics of XVG at 12:24 UTC

Verge price chart

Ranking in crypto currency list of coinmarketcap49
Return of Investment (ROI)>9000 %
Total Circulation16,035,467,974
Market Cap in USD173,687,736
Current Price in USD0.010826
Current Price in BTC0.00000136
24 hours traded volume10,415,931
25 days price change44.15 %

May 26 Price movements and predictions:

From early morning trades, there is an increase from yesterday trading volume of approximately 8,000,000 to 10,000,000 a rise of 2,000,000. It is a continuing till now. It opened at 0.011374 from yesterday’s close of 0.011026, which is a rise of 3.15 %.  But from there it is steadily going down and currently trading at 0.010826 USD. Since the downside of the day is with an increase in volume, it shows weakness. Once its cuts its yesterday’s low of 0.0106768 USD, it may go to the bearish mode.

Value comparisons of XVG:

In 2019, till March 2019 Verge was trading in a narrow range of 0.006 to 0.008. From April 1 after it crossed the 0.008 USD and started moving up. And the expectations of the announcements it added fuel to the fire and it went to its 3 month high of 0.012297 USD. From 2019’s starting rate of 0.006851, it is a rise of 79.49 %.

Conclusion:

With positive announcements today it could reach a high of 0.082550 USD which it reached in May 2018 which is its strong resistance level. Hence buying now in bulk could yield a return of 660 % by this year end.

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Ruti Vora

Ruti has recently joined CryptonewsZ as a writer and has been writing on other cryptocurrency sites as well. Having a background of tech field makes her versatile with a keen interest in literature. You will find her surrounded by books and music when she is not on work. You can also contact her on Linkedin or Facebook.
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