Verge (XVG) Price Analysis: XVG’s Volatility Hints at Upcoming Price Surge

Verge, a cryptocurrency which claims itself to be privacy focussed, secure, anonymous and usable for everyday purposes is emerging as an active player in the crypto space since a year. Verge (XVG) was quite in the news since April last year, when it collaborated with a popular adult entertainment streaming website Pornhub. After the partnership, Verge didn’t look back regarding its collaboration, which has increased its adoption across the globe. Verge recently has joined hands with PayCent and XcelTrip, which will provide it exposure to more than 200 countries.  

Current Statistics:

At 04:56:57 UTC, Verge price was standing at $0.011, while the Market Capitalization was $179,010,567. Also, the total supply of XVG sums up at 16,039,013,161 XVG.

According to the chart, the Verge price has been improved in the last one month, especially from 15th May. On 15th May, the price witnessed a steep increase in its price from $0.0081 to $0.010, the price then reached as high as $0.011 on 16th May. In the past 30 days, XVG has shown an increase of 1500% in its price.

After 14th May, the MACD line indicates frequent changes in price trend. The price has been quite volatile since then, though with the MACD line rising above the signal line, showing many price spikes.

Prediction:

For a short span of time, we can predict that the price might take a slight fall before further take off. However, for the long term investors, it is better to wait for a more significant surge in the price.