Verge (XVG) Price Prediction: Verge’s Upcoming Deals Will Bring The Bull To Rally

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Verge (XVG) is a digital currency backed by blockchain technology. It is known as a privacy focussed and anonymous crypto coin. It claims of having more efficiency and less turnaround time for the processing of transactions. It works as an open sourced and decentralized cryptocurrency. It has its own TOR browser. And this browser conceals IP address of both the originators and receivers. It relies on PoW (Proof of Work) protocol.

Current Statistics-

Verge

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  • Verge (XVG) is ranked at 56th position in the global crypto market with respect to its market cap.
  • The ROI (Return on Investment) of Verge coin stands at more than 9000%.
  • The total number of coins in circulation stands at 15,927,313,548 XVG.
  • The current market cap on 06th May at 02:54 UTC stands at 111,617,487 USD.
  • The value of each coin stands at 0.007008 USD and 0.00000123 BTC.
  • The 24h volume at the same UTC stands at 2,227,902 USD.

Comparison-

The value of Verge coin was 0.006 USD at the starting of this year. However, it has managed to maintain this price level until the onset of April. After the 1st April boom, the value managed to grow by almost 30% in just 4 days. Currently, the value is undergoing price correction. The market cap on 6th April was 142,573,847 USD. And the value of each coin was 0.008983 USD and 0.00000180 BTC. The current market cap is 21.71 % less than the market cap of last month. The value of each coin has deflated by 21.98 % in these 30 days.

The last 24 hours value has been consistent in this period. The range was not very extending.

Prediction-

Verge (XVG) has been tying up with many major companies in the past few years. The biggest deal was made with PornHub and it raised the value of Verge coin by a good margin. As per sources, there are many such upcoming tie-ups in the recent future. We predict the value to go up in the coming two months. The resistance level should be at 0.0095 USD, 0.01 USD and 0.015 USD. By the end of 2019, the value should lie around 0.5 USD. We predict the price to breach 1 USD by the end of 2020.

Conclusion-

We advise the short term investors to clear off the market for a while. The current value has made the perfect avenue for locking in buying positions for now.

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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