Verge (XVG) Price Prediction: Can the Bear Drag Verge to the All-time Low Value?

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Verge (XVG) is a leading crypto coin of the current times which is completely backed by blockchain technology. It is considered as the most privacy concerned crypto coin in the market. It offers complete anonymity to all its users and tracking either the origin or destination of the transaction is not possible. It is an open-sourced and decentralized crypto coin with very less turnaround time. It relies on the TOR browser to conceal the IP address of the users. Verge platform gives the option of five different Proof-of-Work algorithms to the users for mining.

Current Statistics-

VergeVerge (XVG) is 53rd largest coin in the market with an ROI (Return on Investment) of more than 9000 %. The current circulating supply of this coin stands at 15,917,791,168 XVG. The market cap as on 1st May at 02:24 UTC is 120,522,212 USD. The value of each coin stands at 0.007572 USD and 0.00000140 BTC. The 24 h volume is 2,164,583 USD at the above mentioned UTC.

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Comparison-

The course of the Verge coin is stable for a large part of the year. With very few instances of ups and down, the coin has managed its value around 0.006 USD to 0.007 USD. However, the huge gain was made after the onset of April. It gained around 25 % in just a week. Now, the value of Verge token is experiencing price correction. The market cap of 1st April was 120,539,948 USD. The value of each coin was 0.007600 USD. The current market cap and the value of each Verge coin are 0.36 % less than the value of the previous month.

Prediction-

Looking at the trend of the coin and price correction stage, we predict the coin to remain on the current level or lower level for some more time. The value may go as low as 0.0065 USD. But the value will rise and face resistance at 0.010 USD. By the end of 2019, the value should be around 0.1 USD as the whole market is likely to boom. By the end of 2020, the value has to go past 1 USD. It should be noted that the growth of Verge coins will not be immune to instability. But the price correction will help the market to get rid of the speculators.

Conclusion-

The long term holders will be the king of investment by holding the investment until 2020. The current value has made the perfect place to buy Verge coins.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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