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Price Analysis

Verge (XVG) Price Analysis: Verge Trends Show Signs to be Bullish Throughout the Year

Verge (XVG) was developed in 2014 by a team of developers and was originally named as ‘DogecoinDark’. Privacy and anonymity of users, besides being an open source coin, is the USP of Verge. In order to secure the identity of users, Verge uses Tor, an anonymity tool, and an anonymous network layer I2P, in order to encrypt IP addresses and locations of transactions. Verge uses Simple Payment Verification (SPV) protocol which reduces the transaction speed significantly. And on average it takes 5 seconds to complete a transaction in SPV protocol. Additionally, the introduction of the Wraith Protocol upgrades in Verge (XVG) took the stealth to another level. Now, users can send and receive payments privately across the blockchain by enabling Wraith Protocol addressing services. On top of that, the Verge provides its user’s facility to switch between private and public ledgers on the blockchain technology. In total, Verge offers five different Proof-of-Work algorithms for mining which include Lyra2rev2, Scrypt, X17, blake2s and my-groestl.

VergeAccording to coinmarketcap.com, on April 22, at UTC 08:19, Verge (XVG) was trading at USD 0.008417. At the same time, it’s market capitalization was around USD 133,840,083. Moreover, the Verge’s last 24 hours trading volume was approximately USD 2,245,462. Ranked at 52nd position in the cryptocurrency ranking chart, Verge’s Return on Investment (ROI) rate is more than 9000%. Against Bitcoin, it was valued at 0.00000158 BTC per chip. On March 28, Verge (XVG) was trading at USD 0.007641, since then it saw slight growth and today after 25-days, it is trading at a rise of almost 10%.

Let’s have a look at historical fluctuations in the price of Verge (XVG):

Time PeriodHighLow
All-Time$0.300588 USD
(Dec 23, 2017)
$0.000002 USD
(Feb 05, 2015)
Yesterday$0.008539 USD$0.008030 USD
7-days$0.008837 USD$0.008030 USD
30-days$0.011283 USD$0.006670 USD

Yesterday was almost a flat trading day for Verge (XVG) as it opened at USD 0.008472 and closed the day at USD 0.008214, with an intraday decline of USD 0.000258 (3.04%).

Prediction: 

With the crypto market being completely bizarre and unpredictable, making any forecast regarding the price of any particular coin is more of a gamble and luck rather than a data-driven analysis. Nevertheless, according to the current market scenario, Verge (XVG) might see upward growth in the second half of this year and achieve a target of $0.0281 by the end of the year. In addition to that, according to the cryptocurrency analysis site, Verge (XVG) coin might reach up to $0.138 by the end of 2019. Moreover, Verge might go up by 2-3% in next 5 years.

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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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