Price Analysis

Verge Price Analysis: XVG Price Is Trading Towards A Further Meltdown

Verge is a cryptocurrency, focused on privacy and anonymity. XVG coin has faced the heat of bear pressure in the volatile crypto market like most other altcoins.  The bears have been successful in continually pushing the price of Verge coin in the lower range as can be seen from the chart where the XVG price has been hovering in the range of $0.0043 – $0.0052.

Latest Statistics of Verge:

As on August 16, 2019, at 5:09:52 UTC, current statistics are as below:

  • XVG price is trading at $0.00449230
  • Current market cap is around $69,487,595
  • 24-hour volume is at $599,610
  • ROI is at a huge > 9000 % and Circulating supply is at a sound 15,882,325,219 XVG

XVG to USD Price Comparison:

Verge Price Prediction
Verge Price Chart by TradingView

The bear pressure has created a lot of price variations in the price of Verge coin, and it is finding it difficult to get out of the momentum as seen from above XVG price chart. The price was at $0.004623 on Aug 10. In a matter of a day, Verge price managed to recover to $0.005242, recovery being to the tune of 13.65%. However, this was short-lived as the price went down to $0.004988 within five hours on the same day. On Aug 13, in a time span of 17 hours, the Verge price showed an upward swing to the extent of 4.95% at $0.005232. With the bears being in full swing the XVG price again fell to $0.004523 on Aug 14 to the extent of 13.46%. In 6 hours, on the same day, the price went up at $0.004922 to the tune of 8.89%. In another 8 hours, on the same day, the XVG price went down to $0.00437180, showing a variation of 11.18%.

Verge Price Prediction & Conclusion:

Verge seems to be taking a longer time than anticipated to recover from the bear phase in the market. The prices are in a continual downswing since July and look like they will continue to be so during August also. Analysts also point at a short-term bearish trend but looking at the potential of the coin feel that the medium-term outlook should be bullish.

Investors can consider the potential of the Verge coin and think of investing as a long-term prospect. Short-term and day traders may not gain much in this volatile crypto market scenario.

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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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