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Price Analysis

Verge Registers 25% Price Escalation; Hovers Around $0.0039

Verge (XVG) has spent a moderate week due to heavy fluctuation in the market. The big forces like Bitcoin registered a heavy fall, but Verge is among few coins that maintained its price momentum. On October 1, 2019, XVG was dealing at $0.0033. The rest of the week, it was hovering around the same level until today. The current price of XVG is at $0.0039.

If we look at yesterday’s price chart, Verge was seen touching a high at $0.003678 and a low at $0.003189. The coin has already broken all the counters.

Verge Price Analysis:

Verge Price
Verge Chart By TradingView

The chart is taken from TradingView on October 8, 2019, at 11:07:31 UTC. Yesterday, Verge began the day at $0.00311; the price escalated to $0.0034 by 7%. The price immediately fell to $0.0030 by 9.27%. Further, XVG reflected a pickup and drop and the price jumped from $0.0030 to $0.0036. Later, the price fell back to $0.0030 by 16.96%. The intraday price movement marked an escalation of 9% as it closed at $0.0033. Today, Verge opened with a fall of 8.98% and the price slipped from $0.0033 to $0.0030. However, there was an immediate recovery; the price went up to $0.0038 and later to $0.0039.

The movement of the price of XVG is quite adventurous for the traders. However, the recent scenario has changed the course for Verge. We are quite positive about the upcoming upsurge in the market. The same would help XVG to regain its momentum. The investment in XVG is anticipated to bring gain in the future.

The investors interested in Verge are suggested to choose for long-term investment as likely to bring a massive return to the investors.

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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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