Verge (XVG) Price Analysis: Verge Surges By 1.26% Today

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Verge is an open source project, and it uses multiple anonymity centric networks like TOR and I2P. It has an active team of developers from different parts of the world, and they remain in close contact with the Verge community. It is not a private company funded via an ICO. It enables quicker transactions with fewer fees and high speed.

Current status of XVG

At present, XVG is currently getting traded at USD 0.008791 (UTC time 06:35). With a market cap of USD 139,501,768 and a circulating supply of 15,868,772,169 XVG, it is the 55th largest cryptocurrency in the world.

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Price analysis of XVG

VergeThe above chart shows that XVG is currently getting traded at 0.008807 USD or 0.00000177 BTC. It has a market cap of 139,749,680 USD with a 24h volume of 4,837,480 USD. The same chart shows that approx. One month earlier, XVG had a trading value of 0.006517 USD. So, within this duration, the value of XVG has been increased by 35.13%, and 0.007345 USD has provided a good support resistance to this price hike.

Future price predictions of XVG

Wallet investor has predicted that by 2019 end, XVG can be around $0.138 and in 5 years, it can surge up by 2-3%. Mega Crypto Price assumed that XVG could reach $0.7401 by 2020 and in 2023, its value can be around $2.39. Coin Fan thinks that by the end of this year, XVG can reach a height of $0.172. According to Trading Beasts, it can be around $0.05 by the end of this year.

Currently, Bitnovo has decided to add XVG on their exchange platform. This is a good move that can enable crypto users in Italy and Spain to purchase XVG via ATMs via their over 20,000 stores. Crypto Planet, a fastest growing e-commerce retailer, has also decided to provide support to XVG. All these initiatives can help the Verge to increase its current value in the upcoming days, and we think that by the end of this year, XVG can trade around $0.0900.

Conclusion

XVG is still in turmoil. There are various initiatives to be taken by its developers this year so, it is better to wait till it attains stability and becomes potential to give higher returns to the investors.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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