XVG manages to offer anonymous transactions by using both TOR and I2P protocols. TOR, or “The Onion Network”, is an anonymous browser that constantly switches serves in order to convey the identity of the user. The Verge team is also developing an even more enhanced privacy protocol called “Wrath Protocol,” which will conceal all transaction details aside from the sent amount.
Like Bitcoin, Verge uses the Proof of Work protocol, but it also can be mined with five more algorithms. The cryptocurrency gained media popularity through its collaboration with the giant adult content platform, Pornhub, in 2018. Through their partnership, Verge (XVG) coins could be used as payment for Premium subscriptions.
Verge started out November at $0.003739, and up until November 6th, XVG slowly climbed up to $0.004 levels. The coin maintained these gains only on November 7th, but started descending towards the rest of the day, closing at $0.003989.
The following week, Verge fluctuated between $0.0035 and $0.0036 support levels, occasionally touching $0.0037 and $0.0038 levels.
On November 13th, the coin started gaining some momentum in the first part of the day, testing $0.004 resistance levels but dropped back towards the end of the day.
From November 14th, we can see from the charts that Verge increased substantially, trading most of the day at over $0.004 levels. The highest level the coin reached that day was $0.0047.
Verge then continued its growth, surpassing the $0.005 resistance level. However, from November 16th, the coin started losing its gains, going back to $0.0048 level.
Up until the 21st of November, XVG continued its descent and fluctuated between $0.0041 and $0.0048. The coin then once again dipped below $0.004.
After its lowest value of $0.0032 on November 25th, Verge started working its way up once again, closing the day at $0.003695. The following day, the coin continued its growth and reached the $0.004 level.
Today, 27 November, Verge opened at $0.004, but started to lose gains once more. XVG has a current trading price of $0.003765, with a depreciation of 0.58% in the past 24-hour period. It is ranked 64th according to a market cap of $64,280,489, with $3,896,992 traded in the past 24-hours.
These are the pivot, support, and resistance levels calculated by WalletInvesor for Verge:
In October, verge revealed that the blockchain will be undergoing a hard fork, which will take place in mid-December at the block height of 3,700,000 the way its halving is structured. This fork will halve the current mining reward, and everyone expects this event to have a great impact on the price.
The project is currently working on improving its desktop wallet, android wallet, and launching RSK smart contract integration.
On GitHub, the project has 1,555 commits and 57 users that have been making frequent updates on the code.
As several websites have made their own Verge price prediction for December, we have decided to incorporate some of these forecasts to offer a better portrayal of the current XVG market opinion.
The Cryptorating site predicted that XVG will be in one week $0.004647, with an increase of 16.1%, and in one month, the coin is expected to have a trading price of $0.005613, with an increase of 40.21%.
Cryptoground predicted that Verge will have an estimated price of $0.0043 in one week, with an increase of 8.75%, and in one month, a price of $0.0041 with a rise of 4.09%.
Digitalcoinprice predicts that XVG will have a price of $0.00681516, change for 70.25% in December.
The site forecasts that in December, XVG has a probability of reaching $0.0092.
The forecast website predicts that Verge will go down to $0.002399 in the last month of the year, with a depreciation of 37.9%.
Tradingbeasts expects the Verge coin at the beginning of December 2019 to have a price of $0.0051305. The forecasted highest value is $0.0066848, the lowest value is $0.0045457, and the closing price of the coin is expected at $0.0053478.
Coinfan’s Verge price prediction is one of the most bullish ones so far, as it expects the coin to reach a maximum of $0.01035, and a minimum of $0.0081.
WalletInvestor made its own Verge price prediction for every day of the month of December, along with its respective maximum, minimum and average values:
Coinswitch predicted that the price of XVG will go up to $0.09 by the end of 2019.
Altcoinforecast is very bearish, as it expects the coin to be traded at $0.00000098 in December.
Bitverzo has calculated a Verge price prediction for every day of the month of December, along with the average, high, and low values:
We hope that our Verge price prediction will be of help in your future XVG trading endeavors. Keep in mind that there isn’t a single prediction that can be 100% accurate, and all forecasts are pure speculations based on past price movements.
Featured image: reddit.com
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