In a rapidly growing crypto world, Verge is one of the digital projects that aims to enhance the security of the users. It is an open source protocol working on Blockchain technology and has faster transaction speeds. XVG also focuses on offering high grade privacy and can be used for everyday transactions with ease.
Did you know that XVG was initially called the ‘Dogecoindark’ and like Bitcoin, the founder of XVG is still anonymous?
Many believed the verge cryptocurrency to be dead as the price remained nearly constant since the 2018 crash. However, with the beginning of 2021 the price rallied high keeping the hopes for the bull run alive.
Are you currently thinking of investing in Verge? Yet little speculative about the upcoming price volatility and trend?
No worries, this piece of writing gathers all possible information about the digital asset and also accumulates the predictions running in the market with a future forecast.
Table of contents
|Market cap||$ 334,416,063.0000|
|Circulating Supply||$ 16,479,161,691.9365|
|Trading Volume||$ 15,573,977.0000|
|All time high||$ 0.2619 December 24, 2017|
|All time low||$ 0.0000 February 6, 2015|
Verge Fundamental Analysis
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.
XVG Price Prediction 2021
The Altcoin price witnessed a steady growth in 2021 as the price rose above $0.01 by the mid of January. XVG might suffer some price fluctuations for the further days, as the bears are trying to drag the market. When the market crashed, the XVG dipped from $0.04 to $0.02. Resuming the trade, the price began rising gradually.
Considering the bullish price trend, the price may hit $0.08 and with an extended bull run, the price may go even higher. On the contrary, if the bear overtakes the market, then the price may fall notably but is expected to stand strong above $0.03. The average trading price may strike near $0.06 the year end.
XVG Price Prediction 2022
XVG might commence the year 2022 with a trading price of $0.062. The price is expected to fall to $0.048 by April and may continue the same price trend for a few months. On a bearish note XVG might arrive at $0.044. By the end of December 2022, XVG might manage to climb $0.10 on a maximum. XVG may trade at $0.07 as the year comes to an end.
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 $0.18. However, the trading price may be seen near $0.11. If the bulls fail to rally, the price may dip $0.04.
XVG Price Market Prediction
Let us try to know what marketers are thinking about XVG.
According to DigitalCoinPrice, XVG might reach $0.058 by the end of 2022. The price might surge further in 2023 and reach $0.069 and hit $0.101 by the end of 2025.
According to Wallet Investor, the price is feared to drop from $0.0201 to $0.0194 in the coming days.
Trading Beast predicts a price range from $0.055 to $ 0.038by the end of 2021. By the end of 2024, the price may rise as high as $0.83.
Our Verge [XVG] Price Prediction
The price is expected to rise as the traders appear to have been inclined towards the asset. 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 $0.05. As a long term forecast, the highest price XVG may see in the near future is $0.16. On the flipside, the price may also dip to $0.13.
Historical Market Sentiments
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. However, 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 surged to touch its all-time-high price at $0.26.
The price initiated with a slight pullback but regained the levels above $0.2 within a few days. Woefully, the price crashed drastically to $0.03 levels by mid March and recovered within a month to trade above $0.1. Further, the price continued to move towards the south and closed the yearly trade at $0.007 levels.
The price trended within a narrow range throughout the year, gained the levels above $0.01 for a short time frame and later dropped below $0.005 till the end of the year 2019.
The price maintained more or less a similar range throughout the year including some minor spikes. The XVG trade began with price $0.003 and raised as high as $0.009 by mid of July. But the price again flipped to bearish divergence and fell close to $0.0044 levels, but closed the yearly trade with a hike in price at $0.0076.
Yes, Verge might be a profitable investment in the future.
Verge is expected to reach $0.1 in the future.
Yes, 2021 might be the good year to invest in Verge as XVG has partnered with TokenPay, which could increase the demand for XVG.
Verge can be traded on exchanges like Binance, Bittrex, Bitvavo, HitBTC and many more.