Verge is one the cryptocurrencies to appear in the blockchain ecosystem during the reign of the nearly extinct Initial Coin Offering (ICO) days. Back in 2017, during the “mass movement to the moon”, the crypto ecosystem was filled with a “sea of coins”, all aiming to make a name within the community.
Amid several such cryptocurrencies gracing the community with brilliant ideas and unstoppable technology, Verge was one of the few that happened to succeed until now.
Are you currently thinking of investing in Verge? or Worried about your current XVG holdings and their potential? This Article includes Verge price prediction for 2021 and beyond.
Table of contents
|Market cap||$ 272,125,539.0000|
|Circulating Supply||$ 16,433,348,749.4313|
|Trading Volume||$ 31,772,614.0000|
|All time high||$ 0.2619 December 24, 2017|
|All time low||$ 0.0000 February 6, 2015|
What is Verge?
Launched in 2014, Verge came out under the name “DogecoinDark” which was introduced by Justin Sunerock. Verge, according to its official documents, is an open-source secrecy coin which is governed by a group of cross-border developers. Verge runs on its native cryptocurrency, XVG and it utilizes the obscurity darkweb tool Tor for its anonymity feature and a mysterious network layer I2P to hide certain transaction areas and IP addresses.
The trade speed on Verge is virtually 5 seconds as a result of the usage of Simple Payment Verification (SPV). The Core QT wallet has incorporated TOR and SSL encryption which conceals the IP addresses of clients. The advancement of the Wraith Protocol improvement enables users to personally transact across the Verge blockchain with stealth addressing services.
Besides, Verge’s users may reportedly shift between public and private records on the Verge blockchain. The network gives five distinct Proof-of-Work algorithms for mining – Lyra2rev2, Scrypt, X17, blake2s, and myr-groestl.
Verge Coin [XVG] Technical Analysis
XVG first appeared on the exchanges on October 15, 2014. At the time, the coin merely had any value and continued to trade at the $0.000013 mark for almost two years. The coin had a very low market capitalization and traded at nearly zero volumes on exchanges.
The first major exchange volume was recorded in 2017 when over $3,000 XVG was traded during the month of March. In mid-2017, XVG was affected by the general crypto surge that escorted many similar coins to greater price heights. As the frontrunner crypto, BTC was nearing its ATH value, XVG turned up and touched $0.0046 in June of the same year. At the time, its market capitalization had soared to around $21 million amid a daily exchange volume averaging around $6 million.
By December of 2017, XVG had soared and touched its all-time-high price at $0.26. The coin’s market capitalization has soared accordingly and exchange volume was hovering around 600 million on a daily basis.
A price decline set in early on in 2018 which brought about a steady decrease in the price of XVG. By January of the year, XVG had plunged to $0.19 as further decline was rapidly materializing. By February, XVG had successfully plunged to $0.04. Exchanged volumes were also vacillating at $18 million. The price surged a little bit into the second quarter of the year and prices were around $0.078 per unit.
In 2019 however, XVG price had fallen back to the $0.007 level. This was where the things were held until the end of the year. Although alternate price increase and decrease was experienced, the overall change in 2019 was majorly insignificant.
In January, the price started the year at around $0.0035 and traded sideways. Further, a progressive price increase escorted XVG price towards $0.006 but a steep fall crashed it back to $0.002 by mid-March.
Due to an immediate price reversal, XVG rose quite steadily until June. By the beginning of June, the price was around $0.004 and further a push got the price trading higher at $0.007 per unit by the middle of the month. Later on the price continued to trade between the $0.004 and $0.007 until the end of November.
Dramatically, the price surged to $0.009 by the end of November as Bitcoin continued to expand its price rally. Further, the price started to plunge and traded at $0.007 during the end of December 2020.
Verge Coin [XVG] Price Prediction 2021
On a bearish note, XVG continued to trade at $0.006 by the start of 2021. It might trade at $0.019 by the end of January. XVG might suffer some price fluctuations for the further days, as the bears are trying to drag the market, XVG might fall to $0.002 by June and expected to continue the same range for several months. By the end of 2021 XVG might trade at $0.05.
XVG Price Prediction 2022
XVG might commence the year 2022 with a trading price of $0.004. The price is expected to fall to $0.0007 by April and may continue the same price trend for a few months. On a bearish note XVG might arrive at $0.0004 at the end of November. By the end of December 2022, XVG might manage to climb $0.06.
Verge Coin [XVG] 5 Years Price Prediction
Within the next 5 years, as adoption grows and cryptocurrencies generally become more popular, XVG price is predicted to have surged more than 5 times of its present value. By the end of 2025, prices may touch as high as $0.15.
XVG Price Market Prediction
Few crypto experts and traders claim that XVG price is in the ‘bullish’ zone, which refers that investors believe in its potential, and their contribution makes the coin rise in price.
XVG, like the rest of the market, is tied behind bitcoin’s price action. If bitcoin enters on another bull run, XVG can hope for one too. As is very unlikely, we can’t expect much to change for XVG price-wise this year.
According to DigitalCoinPrice, XVG might reach $0.043 by the end of 2022. The price might fall in 2023 and might get devalued to $0.041.
- Mega Crypto Price
According to Mega Crypto Price, Verge might reach $2.39 by the end of 2023.
According to CoinSwitch, In 5 years Verge is going to gain its popularity and user base exponentially. By 2025 Verge might reach $0.2069.
Our Verge [XVG] Price Prediction
With a price of $0.006, XVG started the year 2021. The price continued to rise as the marketers focused to invest in XVG. XVG might come up with certain improvements and might announce certain partnerships for collaborations in the future. By the end of 2021 XVG may hit $0.030 and it might trade at $0.065 in the future.
According to the founder, Verge is a cryptocurrency designed for people and for everyday use.
The Verge Currency project was established in 2014 under the title DogeCoinDark. In 2016, it was rebranded to Verge Currency.
Yes, by 2021 end, XVG might reach $0.1, which is a great possibility as by then, XVG is going to grow because of its developments.
Verge can be traded on exchanges like Binance, Bittrex, Bitvavo, HitBTC and many more.