Verge is a decentralized and open-source cryptocurrency best known for its multi-algorithm mining features. The idea behind Verge (XVG) is to provide an end-user with identity obfuscation suitable for everyday use. Recent news about XVG demonstrates that the current price of the currency has been vacillating around $0.008. In general terms, XVG coin features like anonymous addresses and multi-algorithm capability are adding to the coin’s value. As a result, the future of XVG is quite promising.
What is XVG?
Verge is a cryptocurrency also known as XVG that offers its users unique features like total confidentiality and obscurity. Verge is equipped with advanced blockchain technology assembled in parallel with facilities such as the Tor and I2P networks, which protect and secure users’ private data, such as IP or transmission location. The Verge team is working on implementing RSK technology, which will eventually enable XVG to become the only cryptocurrency capable of providing smart contract functionality in combination with the total confidentiality for transactions and user data. In other words, you will be able to perform more complex Verge coin transactions completely anonymously while ensuring that the other party is held accountable for the terms outlined in the smart contract.
The proud Verge XVG community voluntarily works together to make an impact in the crypto space. XVG had no ICO during launch, and no pre-mining process. To increase its international appeal, the Verge foundation incorporated a website translation system to attract more users and increase its adoption ratio. Using the remote servers of the Electrum wallet, you can easily store all or some of your Verge coins offline. Also, based on current XVG news, the token’s recent support from Bitfinex will boost its popularity.
E-commerce retailer giant Crypto Planet, who are also known for using cryptocurrency as a means of exchange in retail shopping, decided to collaborate with Verge. This collaboration will help users engage in affordable shopping using virtual currency. Many other vendors are also accepting Verge currency as a payment method, which makes it a strong competitor with other cryptocurrencies in the market.
XVG Price: What Does It Depend On?
Verge coin is a cryptocurrency based on a proof of work protocol with 5 different algorithms. The most recent Verge news indicates that the current trading rate for XVG to USD is 1 coin to $0,009375. The user can buy Verge online from different cryptocurrency exchanges such as Bitfinex, Bittrex, Binance, and ChangeNOW. You can directly buy Verge with USD on ChangeNOW, too.
The inherent value of XVG is distinct from other cryptocurrencies because the idea behind XVG is incorporating digital currency into everyday use. Verge improvises on the fundamental Bitcoin blockchain and makes it more secure, decentralized, and private. Today, the price movement of Bitcoin influences the price of XVG greatly. According to CoinPredictor, the correlation between XVG and BTC is 0.82, which is rather strong.
From the beginning of the second quarter of 2019, XVG’s price has seen a downward trend, eventually steadying in the beginning of the fourth quarter of 2019, according to available recent news on the coin. As the global economy has gone through a period of hostility and decline, its impact on XVG’s price movement can be seen in the chart showing price movement for the coin.
XVG Price Prediction 2020
Experts expect the price of XVG to rise in 2020 due to the introduction of the RSK project. And other upcoming projects might attract a large number of new users as well. Its unique properties will help it to become widespread and increase its accessibility on many other cryptocurrency market trading platforms. According to Coinswitch, the RSK project and future inclusion of the Wrath protocol will boost Verge’s acceptability greatly and, by the end of 2020 the trading rate for XVG may reach 0.175 USD.
To understand XVG’s price prediction, we analyzed various technical study results from cryptocurrency experts, and we would like to share the results of our XVG price prediction analysis with you. We also went through some of the most up to date XVG news to ensure a better understanding of the performance of the currency.
In 2020, the price of Verge in USD is predicted to first reach $0.100, and then $0.250 as predicted by Coinnounce. Coinswitch predicts that its price will hit $0.175 by the end of 2020. Cryptoground sees an optimistic future in the second half of this year for XVG, expecting it to exceed $0.0053, with a maximum Verge coin supply of 16,555,000,000. Trading beasts has one of the most pessimistic Verge coin predictions for the year 2020. They predict the price of XVG to be around $0.0045563 or $0.0067004 by the end of 2020, taking into account the current Verge chart.
Through analyzing the market predictions and ongoing projects of Verge, it can be concluded that the year 2020 will be crucial for XVG, and hopefully the coin will see a significant uptrend. With the inclusion of RSK and the wrath protocol, it is fair to assume that the price of Verge is likely to increase significantly.
Long Term Verge Price Prediction
The crypto market is best known for its collective impulsiveness and constantly shifting nature. Because of this volatility, predicting the future price movement for any cryptocurrency is tough, let alone forecasting over a longer period of time. To make an accurate and useful forecast of a cryptocurrency, you have to consider every variable carefully. As the interest of users in Verge is rapidly increasing, it is interesting to take a look at what mainstream cryptocurrency experts think about the token’s future.
After going through some online sources as well as mainstream Verge news, we came up with the following long term results.
One of the more established cryptocurrency analysis websites, Walletinvestor predicts that Verge coin might go up by the end of 2020. And they forecast that in 5 years, XVG might go up by 2–3%.
Digital Coin Price
Another cryptocurrency analysis website, Digital Coin Price, also assumes a bright future for XVG, and predicts that its price may reach around $0.01451228 in 2025.
The analysis from Coin Fan is even more promising for XVG, as their experts are forecasting that the price of XVG might reach around $0.046 in the year 2025.
Where to Buy XVG?
After all of these promising predictions, are you thinking about buying XVG? If so, take this opportunity to go through our quick guide for purchasing XVG.
Crypto exchanges are no different from traditional stock exchanges, and the buyers and sellers of Verge can trade on these platforms. The major difference between a stock exchange and a crypto exchange is the number of participants. The number of participants on crypto exchanges is significantly lower, so the exchange basically plays the role of matchmaker, matching each buyer and seller. The exchange also helps determine the price of Verge by providing an ample amount of buyers and sellers. Thus, traders don’t need to be personally connected to make a trade.
Some of the exchanges where you can trade XVG are Binance, Bittrex, ChangeNOW, and others. Let’s stop on ChangeNOW, which is a limitless instant exchange service, a unique quality marking the platform as different from exchanges like Binance.
ChangeNOW allows you to swap currencies without any limit in a user-friendly interface. Here, you can enjoy top of the line rates and instant exchanges that require no registration. You can buy XVG on ChangeNOW by following 4 easy steps:
Step 1. Navigate to the ChangeNOW main page. Select the currency (e.g BTC) you want to send from the dropdown menu and enter the “You Send” amount.
Step 2. Select the currency (e.g XVG) you want to receive from the dropdown menu. Check the “You Get” amount and submit the Exchange button.
Step 3. Enter the Wallet Address for receiving your coins.
Step 4. Check the confirmation page and press the confirm button.
Send Bitcoins to the deposit address mentioned on the screen and receive the swapped XVG within 2–40 minutes.
After looking into the facts and figures that have been discussed above, we can conclude that the ongoing and upcoming projects of XVG make it an attractive option for potential investors. This conclusion is backed by hard data and reliable cryptocurrency analysts. With its unique properties and potential for mass adoption, the future of XVG is promising, but the success of its developers in rolling out new technologies will play a key role in that future. For now, XVG is looking forward to introducing themselves as a day-to-day tradable currency and our prediction for Verge supports a forecast of long term consistent growth.