ALT: Bears Are In No Mood To Relent For Verge.

MD: Verge is still in the bear mode of the last week and the price has been hovering in a similar range as last week.

  • Verge (XVG) is showing a flattish price rise in the range of $ 0.55 – $ 0.62 over the past week.

Verge (XVG) has been a coin with potential known for its privacy features. The coin was known for its stability but this time around, the bears seem to have got the better of it. From July 25, the price of Verge has been better positioned though bulls are still prevalent as can be observed from the weekly chart where the price has been fluctuating in the range of $ 0.55 – $ 0.62.

Latest Statistics

As on July 29, 2019 at 5:08:00 UTC, current statistics is as below:

  • Current market price of XVG is $ 0.0060
  • Current rank is 71
  • Current market cap is around $ 91,182,578
  • 24 h volume is at $ 726,230
  • ROI is at a massive > 9000 % and Circulating supply is a healthy 15,849,036,489 XVG

Price Comparison

Verge has been in the bearish zone for most of last week as can be seen from the weekly chart. From a high of $ 0.0062 on July 22, the price fell to $ 0.0056 on July 23 within a matter of 1d 3h 30m to the extent of 10.94%. Within 10h 25m on the same day, the price rose to $ 0.0059 to the extent of 6%. With the bulls taking centerstage, the price again fell down to $ 0.0055 on July 24 within 20h 45m. to the tune of 7.16%. The price of XVG had a good rally on July 25 when it rose to $ 0.0061 in 8h 15m, rally being to the extent of 10.83%. However, this rally was short lived as within 18h 55m on the same day, the price fell to $ 0.0057 to the extent of 6.56%. The price did pick up on July 26 in a matter of 11h 50m to the extent of 4.52% at $ 0.0060. The price today is at $ 0.0060 which shows a flattish range. The trend indicates that the bears are still holding the crypto market reins and not letting the price of Verge move to the upper range.

Verge’s Price Prediction:

The bears are still in control with respect to the price of Verge. Looks like Verge will have to wait for some more time till the price gets to recover to its original position as the bears are continuously pushing its price down. Analysts feel the effect of the market volatility is having its impact on almost all altcoins including Verge and feel that until the market shows some stability in terms of price consolidation, this trend is expected to run for the short-term. They. however, feel that Verge should be able to pick itself up during the medium term and have kept a target price of $ 0.01 for the year end.

Conclusion:

Long term investment looks the best option for Verge in the current crypto market situation. Short-term investors should apply caution due to the continual price volatility shown by XVG.

Published by Darius Baughman

Darius is a crypto expert and deals with various cryptocurrency exchanges. He also expertise in Ethereum news and writes latest news for ethereumnews.live. He has also worked as a freelance content writer for 2 years.