Price Analysis

Verge (XVG) Price Prediction: Will Verge’s Price Fluctuation Have a Greater Say Amongst the Investors?

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Verge (XVG) is a cryptocurrency backed by blockchain technology with a special focus on privacy. It is widely used amongst the crypto users as it gives priority to anonymity and it has a less turnaround time for the transactions to happen. Verge is an open sourced crypto coin with complete decentralization. It has its own privacy and data security specific browser called the TOR browser. It relies on different I2P protocol which uses different tunnels for the transfer of information for masking the IP addresses.

Current Statistics-

Verge

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  • Verge (XVG) is the 51st largest crypto coin in the market.
  • The ROI (Return on Investment) of Verge (XVG) stands at more than 9000%.
  • The Verge coins at current circulation stand at 15,914,090,781 XVG.
  • The current market cap of Verge as on 29th April at 03:24 UTC is 121,248,608 USD.
  • The value of each coin stands at 0.007619 USD and 0.00000144 BTC.
  • The 24 h volume stands at 943,335 USD at the same UTC.

Comparison-

Verge (XVG) has shown a stable growth from the starting of this year. It started the year at 0.006 USD and it gained momentum soon after the beginning of the year. However, the coin gained the highest points after 1st April boom. It gained around 25 % in just 7 days. The market cap on 29th March was 120,297,268 USD and the value of each coin was 0.007610 USD and 0.00000187 BTC. The current market cap has increased by 0.79 % in these 30 days. The value of each coin has also inflated by 0.11 %.

Prediction-

Verge (XVG) has come a long way out of the price dragging triangle. The value of each Verge coin is now stable and with little variations, we predict the value to reach 0.009 USD in the coming 3 weeks from 0.007 USD. One resistance might be there at 0.01 USD. But the effects will be short term. The medium-term and long term outlook is absolutely bullish. By the end of 2019, the value should be around 0.06 USD to 0.07 USD. By the end of 2020, the value will surely go past 2 USD mark.

Conclusion-

We advise the short term investors to be cautious of the market’s downward movement in the coming times. By locking the buying position at the right moment will help investors to gain over 30 % in weeks. Long term holders should hold till the end of the 1st quarter of 2020 to gain a dividend of more than 300%.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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