Price Analysis

Verge (XVG) Price Analysis: Is Verge Going To Make Big In The First Quarter Of 2019?

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Verge or XVG gets less fluctuated compared to other cryptocurrencies in this volatile market. XVG focuses on complete anonymity and privacy for its users. It is virtually untraceable, and one can make instant, anonymous transactions on its platform. It is an advanced blockchain technology designed for everyday use. It is based on Bitcoin blockchain and is aimed to provide businesses and individuals with the faster, efficient and decentralized mode of transactions while maintaining personal privacy of its users.

Current status of XVG

XVG is currently getting traded at USD 0.008745 (UTC time 03:59). It is currently on a bullish trend by 14.67%. With a market cap of USD 138,735,788 and a circulating supply of 15,864,792,750 XVG, it is the 54th largest cryptocurrency.

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Price analysis of XVG

VergeThe above chart shows that XVG is currently getting traded at 0.008709 USD or 0.00000173 BTC. Its present market cap is worth of 138,161,694 USD, and its current 24h volume is getting traded at 12,593,458 USD. The same chart shows that approx. One month earlier, XVG had a trading value of 0.006431 USD. So, in this duration, the value of XVG has been increased by 35.42% with 0.007303 USD as a good support resistance.

Future price prediction of XVG

With the BlackPaper Version 5.0, a new outlook has been given to Verge at the beginning of this year. The paper has all the highlights of the plans of the XVG network and details of its security features like I2P and TOR integrations. It also overcame the destructive loss of its previous year. It collaborated with an adult content site and this put some fortunes into this coin. Currently, their iOS app is in the public domain for testing and developments, and it is expected that it will be launched before the end of April 2019. Alpha version of the 5th XVG codebase is now available to its developers who can take care of the security issues of this network.

These developments are soon to be launched in this network, and accordingly, Mega Crypto believes that XVG can trade around $0.7401 by 2020 and in 2023, it can head towards $2.39. Coin Fan predicted that XVG could reach to approx. $0.172 by the end of this year. Digital Coin Price has assumed that XVG can reach to $0.0257 by 2019 end and it can be around $0.043 by 2022. Trading beasts assumed that in 2020, it could be around $0.07.

Conclusion

XVG had serious issues in its network, and still many developments are going on so that it can attract more investors globally. As developments are yet to be launched, it is better to see how it performs after such updates, and then, it will be a good move to invest upon it accordingly.

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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