Price Analysis

Verge (XVG) Price Analysis: Bears Continue To Influence The Price Of XVG

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  • Verge (XVG) has again come under the bear radar with the price continually in the downward range

Verge (XVG) still seems to be under the control of the bears in the current market scenario where the price is being pushed in the lower range. Verge has been trying hard to maintain its momentum as observed from the 5-day chart where one can see that the prices are moving in the similar narrow range of $0.0047 – $0.0061

Latest Statistics of Verge:

As on August 10, 2019, at 6:18:00 UTC, current statistics are as below:

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  • Current market price of XVG is $0.0049.
  • The coin is currently ranked at 75th position in the crypto market.
  • Current market cap is around $78,556,705.
  • 24 h volume is at $ 1,269,812.
  • ROI is huge > 9000 % and Circulating supply is having a whopping number 15,871,295,649 XVG

XVG to USD Price Comparison:

Verge Price Prediction
Verge Price Chart by TradingView

The past 5 days have not been good for XVG with the prices continually falling. From a high price mark of $0.0061 on Aug 05, the price fell to $ 0.0054 on Aug 06 within 1d 1h to the extent of 12.58%. There was some relief on Aug 07 when the price rose to $0.0058 within 1d 9h 10m to the tune of 6.82%. However, the price again had a fall of $0.0051 on Aug 08 in a matter of 22h 15m to the extent of 11.05%. On Aug 09 in 14h 10m, the price had a rise of $0.0055 to the extent of 14h 10m. In a matter of 23h on the same day, the price had fallen by 13.16% to $0.0048. Today, the price has risen negligibly by $0.0050 to the tune of 4.17%. The bears are continuing their onslaught on the price of XVG due to the continuous crypto market volatility.

Verge Price Prediction:

It looks like bears are set to rule the price of XVG in August also. The price has been constantly hounded by the bears. The short-term trend is expected to be bearish like for most coins due to the continued volatility in the crypto market. The analyst feels that the market should recover by the medium term and Verge should be able to reach a target of around $ 0.01 by the year-end.

Conclusion:

Investors must be wary of the continuous volatility in the crypto market but should not lose hope as Verge has always been a coin with great potential and should deliver in the long run. Short-term investors may not gain much due to the constant price fluctuation in a narrow range.

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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