Price Analysis

Verge (XVG) Price Analysis: Partnering with Vendors Like XcelPay & Paycent Will Enhance Its Usability

Verge’s iOS wallet got a new update with an addition of 13 new languages. The development team recently organized the Second Verge Currency Meetup in Rotterdam. In the meetup, Verge partnered with XcelTrip and XcelPay. This will allow the Verge (XVG) to enhance its outreach. As the altcoin can now be used in over 800,000 hotels and 300 airlines around the globe. XcelPay allows merchants to accept XVG chips as a payment option through their Point of Sales (PoS) systems. Another key update is regarding the partnership with Paycent. Paycent offers multiple cards, including Master Card to Union Pay, allowing anyone to use Verge as an instant payment option for goods and services.

Verge Current Statistics (On June 09, at UTC 09:48):

Verge Price Chart- June 09

  • Verge (XVG) current price is trading at 0.00891288 USD.
  • At the same time, Verge price (BTC) was trading 0.00000114 BTC per coin.
  • Additionally, the Market Capitalisation of the Verge was 146,158,105 USD.
  • At present, Verge (XVG) is ranked at 53rd place in the crypto market.
  • With an ROI of more than 9000%, the 24-hour trading volume of the crypto was 3,758,207 USD.
  • On top of that, the circulating supply of Verge (XVG) was 16,286,061,472 chips.

Comparison:

On May 15, Verge (XVG) was trading around $0.01029024, now after 25-days, the altcoin is trading with a dip of 13.38%. If you observe the trading chart for the last month, there is a lot of volatility exhibited in the moment of the coin in the market. Again in the last trading week, the coin saw a dip of 9.42%, from the trading price of 0.009842 USD on June 02. Following the market trend, the crypto rose from there and currently is trading in the bullish zone and has also strengthened its value.

Verge Price Prediction:

During the last Bull Run, Verge (XVG) almost touched the earlier predicted price of 0.01 USD. The price might go high at a value of $0.02 in days and months to come. Now is the time for flat trading and for some time the market will follow a slight bearish or a marginal bullish trend. Next few trading days would decide the EOM price of the verge.

Conclusion:

The cryptocurrency market is currently facing a price correction. However, everything is not dependent on market movement. Verge team is focused on enhancing its market grip by venturing in new spaces and by setting tie-ups. Verge (XVG) has a strong support base of developers and a dedicated user community, which is a bonus point for the coin. Whatsoever be the action in the market, the trading in the altcoin is only going to increase.

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Ruti Vora

Ruti has recently joined CryptonewsZ as a writer and has been writing on other cryptocurrency sites as well. Having a background of tech field makes her versatile with a keen interest in literature. You will find her surrounded by books and music when she is not on work. You can also contact her on Linkedin or Facebook.
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