Price Analysis

Verge (XVG) Price Analysis: Are The Bears Hear To Stay With Respect To The Price Of Verge?

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  • Verge (XVG) price has once again come under the bear radar as seen from the weekly chart

Verge (XVG), the coin with immense future potential is once again beaten by the bears erupting again in the cryptocurrency market. The price of Verge was slowly recovering from the bear phase and was trying to stabilize itself when the bears made their presence felt once again and have pushed the price downwards again as seen from the below weekly chart where the coin has been fluctuating in the narrow range of $0.0055 – $0.0063. The following days would be crucial to see the direction in which the price is headed.

Latest Price Statistics of XVG:

As on July 26, 2019 at 4:51:36 UTC, current statistics of the coin are as below:

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  • Current market price of XVG is $0.0061
  • Current rank is 72
  • Current market cap is around $93,414,528
  • 24 h volume is at $1,037,093
  • The coin fetches > 9000% ROI and with that the Circulating supply is huge 15,843,419,869 XVG

Verge Coin Price Comparison

Verge price chart July 26
Verge Price Chart by TradingView

As evident from the weekly chart, the bears have again gained the prominence from July 22. From a high of $0.0063 on July 20 where the bulls were prevalent till July 21, the price of XVG fell by 8.74% to $0.00577. The price rose slightly on July 23, where the coin got traded at $0.00589 within 23h 50m to the tune of 2.17%. However, the bears gained traction and the price fell by 6.82% to $0.00549 on July 24. Today, the price of XVG is at $0.0061 which is higher to the extent of 10.91%. The bears have again taken over the crypto market and are in no mood to let go. As a result, the price of XVG is still been hovering in the same range of $0.0055 – $0.0063 for the past week.

XVG Price Prediction:

Verge had been on the slow road to recovery, but the bears have again taken over and pushed the price to the lower range. It has to be seen that how long will this phase last. Analysts expect the short-term trend to be bearish for Verge but are hopeful that the medium-term outlook will be better and have targeted the year end price to be $ 0.01.

Conclusion:

Long-term investors can think of investing from a long-term perspective as the prices are low currently and Verge is a coin with great future potential. Short-term traders should take the trading decisions by keeping the track of the crypto market volatility before making any future investments.

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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