Verge (XVG) Price Prediction : Will XVG/USD price hit Another High or make New Low?

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Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

Verge (XVG) is a blockchain based state-of-the-art cryptocurrency focused on privacy. The first-ever privacy-centric coin, verge, offers complete anonymity to all its users and tracking the origin or destination of the transaction is impossible. It is an encrypted, open source, decentralized encryption coin with very short turnaround time. It relies on the TOR browser to hide the IP address of users. The Verge platform offers users five different job validation algorithms for exploration.

Verge (XVG) ranked 53rd in the cryptocurrency market with a return on investment of more than 9,000%. The circulating supply of this coin amounts to 15,917,791,168 XVG. Market capitalization on May 1 at 2:24 UTC is $ 120,522,212. The value of each coin is 0.007572 USD and 0.00000140 BTC. The 24-hour volume is $ 2,164,583 at the aforementioned UTC time.

XVG Price Prediction

On April 30, the price of the Verge was in a downtrend, the bulls crossed the 12-day EMA and the 26-day EMA when they were in the downtrend zone. Verge was not performing well on EMAs. If bull breakout the price of the crypto will increase to exceed the resistance level of $ 0.009400 and reach the previous high of $ 0.01100.  

However, if the bulls fail to keep the price above the EMA, the price of crypto will fall back on the downtrend zone. Meanwhile, the stochastic indicator is in the overbought zone but above 60%. This indicates that the price of crypto is in a bullish momentum and a buy signal.

Crytonewsz predicted that The value can be up to 0.0065 USD. But the value will rise and face resistance at $ 0.010. By the end of 2019, the value is expected to be around $ 0.1, as the entire market is on the brink of a boom. By the end of 2020, the value must exceed 1 USD. It should be noted that the growth of Verge coins will not be immune to instability. But the price correction will help the market to get rid of speculators.

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