Verge Price Analysis: Bears is Influencing the Verge Cryptocurrency

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Arushi Dubey
Arushi Dubey is a student of Bachelor in Arts( Psychology). She is pursuing Psychology in arts with English literature and French Language. She is well versed in the English language. She is good at expressing her thoughts into words. She is still getting more and more trained in gathering knowledge related to Crypto Currencies and expressing them.

The cryptocurrency market is struggling to get over the bearish correction. Some currencies like Bitcoin, Ethereum, Ripple are struggling to have bullish momentum in their values. Verge, on the other hand, is under continuous bearish pressure and has been a lot of ups and downs this year. The currency is experiencing the bearish pressure since July and having difficulty to gain the bullish values.

The market is volatile and it is difficult to say or predict anything about the future of the currency. On the 90-day value chart, it is showing that the currency is hovering between the range of value of $0.0034 to $0.0065.

Current Status of Verge: Currently, the currency is trading at the value of $0.003428 and it is decreasing by 0.75%. The BTC value of the currency is 0.00000042 and it is also decreasing by 3.86%. The market capitalization of the currency is $54,867,907 and the 24-hour volume of the currency is $1,044,605. The circulating supply of the currency is 16,005,003,909 XVG.

Verge Price Analysis: On the three-months price chart of the Verge, it is clear that the bears have the upper hand. The currency was trading at the value of $0.0065 on 27th July and the value decreased by 33.09%, later on, 15th August the currency was trading at $0.0044. However, after ten days on 25th August, the currency was trading at the value of $0.0054 and the total increase in the value was around 28.38%.

Unfortunately, the currency again eexperiences the decrease in the value of Verge around 36.26% and the cryptocurrency Verge was trading at the value of $0.0034 on 28th September. The currency experiencing a slight increase by 12.67% in the value and traded on the value of $0.0039. From the value, the currency again experiences a loss of 12.82% and currently trading at the value of $0.0034.

The currency’s analysis is not looking at the currency will soon be trading along with the bulls and most of the traders are doing rethinking about the investment in the currency. The experts think that the value of the Verge will stay bearish on the short-term trend but by the end of this year, the currency will gain the bullish movement. The cryptocurrency market will also become more stable by the end. The expert’s prediction about the long-time trader or investor is that they should hold on their investment because the market is not stable and they will not gain profit buying selling it. On the other hand, the short-term investors should wait for some stability in the market.

 

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