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Verge (XVG) Price Analysis : Will XVG Price Surge?

Verge (XVG), a cryptocurrency that was designed initially to improve upon the original Bitcoin (BTC) blockchain. The token is decentralized and aims at maintaining the privacy of individuals. Privacy objective of the coin helps the coin gain popularity among the traders and investors in the crypto market.  Verge (XVG) has introduced remarkable technology such as the Onion Router (TOR) and Invisible Internet Project (I2P) that may be used to hide transaction IP address and location as well.

Verge (XVG) is now moving to launch new technology on its own without any partnerships and looking to establish itself firmly in the crypto market. Verge (XVG) has already launched new products in the market and it is planning to launch new developments technologies later in this year as well.

The launch of these technologies will boost the Verge (XVG) highly in the crypto market. This will also give Verge (XVG) a bullish trend in the crypto market which will attract traders and investors towards the token and in turn will increase the price of the token in the market. Verge (XVG) resisted a kind of hacking attack on it and thus is working hard so that it does not have to face any such attacks in the future. It is working hard for marinating its primary objective of privacy.

Verge (XVG) is currently standing on the 55th rank in the cryptocurrency market. The price of Verge (XVG) is $0.0071 as of writing this article and is showing a slight negative downturn by 0.49 percent. The Market Cap of the token was $113.5 million and the 24 hours trading volume was $3.1 million.

As mentioned earlier the development of the new technologies is going to boost the token in the future and going to help increase its price and additionally the coin also has an advantage of its privacy objective that attracts traders and investors. The launch of the new technology is going to help Verge (XVG) cross the resistance level of 0.0092 USD by the next quarter and by the end of the year, Verge (XVG) can cross the resistance level of 0.015 USD. So how Verge (XVG) plays out in the future remains to be seen.

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About Ritika Sharma

Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.

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