(Update May 21, 2022) Everyone wants to know how XVG price will behave in the coming years. Created in 2014, Verge is an open-source cryptocurrency. It offers anonymous transactions by hiding the IP address and geolocation of its users. The coin has a market cap of $81 million and it’s currently trading at $0.005 after a 10% change over the past 24 hours. Verge resurgence is buoyed by PayPal’s decision to withdraw its services from the leading adult entertainment platform, Pornhub.
Also, there are other recent developments that show investors have a reason to be optimistic when it comes to the price of XVG. Below we’ll detail out factors that are likely to push the price of Verge upwards.
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Experts Opinion On Why Verge XVG Price Will Rise
Experts believe that the Verge (XVG) price will surpass predictions for the long-term. The coin faced some harsh conditions in 2018, but analysts believe that towards the end of this year it will be different for the coin. Let’s look at reasons why experts foresee a great future for Verge.
WalletInvestor predicts that the price of XVG may reach $0.0370 by the end of this year. MegaCryptoPrice sees the price of XVG reaching $0.7401 by the end of 2020, with the possibility of trading at $2.39 by the end of 2023.
Coin Fan predicts that XVG may reach $0.45 at the end of the year on the higher side and $0.21 on the lower side. Digital Coin Price predicts XVG hitting $0.0257 by the end of 2020 and even reaching $0.043 by 2022.
According to Chriss Chase, the head of marketing and operations at the firm, the cryptocurrency suffered a similar fate as other digital coins throughout 2018. But these market conditions did not affect the acquisition of new partners and developments. The team has worked to ensure more partnerships, which if successful, will propel the coin’s price to greater heights in the future.
John McAfee posted a tweet promoting the project. On this tweet, McAfee stated that Verge is a good coin to invest, and also predicted that the coin’s price would hit $15! He has since said that he meant $0.15 which would be close to its peak price of $0.22 recorded in December 2017. Nonetheless, he is known to make crazy predictions.
Moreover, expert analysis by BitDegree gave various reasons why they think the coin is a good investment. Among the reasons, is that the platform became the first privacy coin to facilitate smart contract technology, and added that this could push the coin’s price higher.
Other factors influencing the price of Verge include;
Bitnovo adds support for XVG
Recently, Bitnovo a crypto exchange platform decided to add support for XVG. A move that will see crypto users in Spain and Italy purchase XVG via ATMs through their over 20,000 stores. Bitnovo started operating in 2016 and has become a significant player in the crypto industry.
The platform announced Twitter stating:
“We also have Bitnovo exchangeable coupons to buy Verge, available in establishments like Fnac, Eroski, Carrefour, in Spain and Italy. A simple way to acquire #Verge.”
The company adds that users can quickly buy and receive XVG in their wallet. Also, they can buy anonymously using the platform’s vouchers and gift cards fast for users to purchase and receive XVG to access the platform, users also have the option of using prepaid debit cards or a mobile app (IOS and Android).
This move should bring new users to the Verge, and as a result, it will boost XVG price.
E-Commerce Opportunities
In another move that will boost the price of XVG, Crypto Planet – one of the largest and fastest-growing e-commerce retailer using crypto has decided to add support for XVG. The platform is built to address the need for affordable shopping destination using virtual currencies.
It focuses on the accessibility of all kinds of products in the electronic and apparel space. Also, it allows people to use the currency of their choice to make purchases.
To motivate more users to use the privacy coin, they will offer discounts for purchases made with the Verge using the #ILoveVerge code.
In a Twitter announcement, the retailer says:
“We would like to congratulate @vergecurrency for successfully integrating with our Online Store. Verge Network Participants can now Shop Goods with $XVG. We are offering a 15% Discount on the First 1000 Orders Purchased with $XVG.”
Adult Website Payment Gateway
In another move that will add more users to the Verge network, Pornhub, the world’s leading adult website started accepting XVG on the platform. The announcement was made in April. Corey Price, the CEO of the adult website, said that Verge offered security and convenience. Something that makes XVG suitable as a means of payment when compared other crypto coins.
The official statement published on the website read:
“The future has come. In our efforts to keep current with our community’s privacy and payment preferences, Pornhub will now be accepting Verge as a means of payment for services like Pornhub Premium and more, on our platforms. Building on Verge’s core values of security, anonymity, and practicality, the introduction of this cryptocurrency as a means of payment Pornhub signifies an important foray into the future from the industry that is always on the cutting edge of technology.”
More details on the partnership can be found here, detailing also how this may affect Verge’s visibility and XVG price.
As you can see, XVG price is a hot topic in the crypto industry as the coin continues moving higher. Everyone wants to get access to the most valuable coins and how they are expanding all around the world. In the next sections, we are sharing with you the opinions of some of the most successful traders in the market.
Verge Price in 2020 and 2021
When it comes to Verge (XVG) we see that the last half of 2018, 2019 and 2020 have been quite flat years for this virtual currency. Not only this, XVG registered its last all-time high in early 2018, showing that investors have been waiting for a long time for an all-time high.
Analysing 2020, we see that the year started with XVG registering the lowest price in years as this coin is close to $0.00325. Then, a recovery started, something that we have not seen in order virtual currencies. The recovery allowed the coin to get closer to $0.01 in 2020 without being able to surpass that level.
However, things changed in 2021 when the market turned completely bullish. We have seen how digital currencies started to move higher and Bitcoin (BTC) was a clear leader in this bull market. XVG left years of accumulation behind and the virtual currency expanded to $0.07 per coin (briefly).
Despite this price growth, the coin remained far from its all-time high in 2018 (close to $0.25 per coin). Now, the coin entered a period of accumulation that seems that have broken downwards and that could push the virtual currency to new lows in the coming days. However, it is still far from its key support level at $0.01 per coin.
Verge (XVG) Price Prediction TradingView Analysis Updated May 21, 2022
xvgusdt – BULLISH DEEP CRAB – HARMONIC PATTERN by kamiltasci on TradingView.com
This cryptocurrency trading expert says that he observes in the charts a Harmonic Deep Crab for the XVG/USDT trading pair on the daily chart. When he did this analysis a few weeks ago, the sell-off in early may was just taking shape.
The expert shows that there was a strong buying region at 0.007 USDT and 0.009 USDT per coin. However, this region was not able to keep the price of the virtual currency afloat. The market crashed and this pushed XVG to new lows at close to 0.00363 USDT.
Now it would just be necessary to see how the market will evolve in the coming months and whether it would be possible for XVG to recover the price it had before the most recent crash in May 2022. The expert considered that the coin could have moved to 0.001419 USDT.
XVG deserves 300% pump by Hai10Year on TradingView.com
This XVG analyst shows that XVG has behaved very well in recent months despite the selling pressure that we have seen in other virtual currencies. This coin was able to sustain its price level close to 0.00777 USDT per coin, where the analyst shows that there is a strong support area.
Moreover, XVG tried to come back to the parallel channel in which it was traded throughout 2021 but it was not able to break through it. A few weeks ago, the coin fell to the support level at 0.00777 USDT. Now, it would be time to see what could happen with XVG and whether it will stay above the current support level. This would be very important for the long-term price action of this digital currency.
Despite the fact that Bitcoin and the whole crypto market is moving downwards, XVG could definitely start a bull trend itself.
$XVG 33% Soon by ItsMoShehab on TradingView.com
This XVG analyst has shown that XVG was ready to move downwards. Indeed, the virtual currency broke its long term moving average and erased all the gains that the coin made over the last few months. April has been a tough month for XVG despite the fact that Bitcoin and other virtual currencies have been traded in a very clear range.
This coin fell towards 0.00950 USDT and then remained traded in a range between 0.00950 USDT and 0.01176 USDT. Moreover, the average price in April was 0.01138 USDT. Meanwhile, the average price for this coin from April 9 was just 0.01049 USDT per coin. It would be very important to see what will happen with Bitcoin, as this could share information to us about what could happen to the entire cryptocurrency market in the near future.
Verge After 60% Growth (We Are Getting Closer To…) by AlanSantana on TradingView.com
This cryptocurrency analyst sees XVG moving higher in the coming weeks, however, the market has not been very bullish in recent days. When the expert made this analysis, the coin was headed towards 0.022 USDT and it experienced a very fast and parabolic move in early March 2022.
Now, we see that there has been a fast move downwards that is correlated with Bitcoin falling below 43,000 USDT. Now, this expert sees that the coin could hit 0.008 USDT per coin in the near future if the market does not start moving higher once again. This will be highly dependent on Bitcoin and other virtual currencies moving in the right direction.
Some important levels shared by this analyst include 0.01217 USDT, 0.01478 USDT, 0.01918 USDT and 0.02262 USDT.
Verge Going For 150% Potential Wave by AlanSantana on TradingView.com
This analyst shows that XVG could be ready to start a parabolic move higher towards 0.026 USDT per coin. But how would that be possible? We see that XVG has broken from a downward trend that has already been tested in recent weeks. Moreover, it has also been moving higher as it found support close to 0.007 USDT per coin.
Now, the analyst considers that XVG could move higher in the coming months. However, there are different resistance levels that the coin would have to break through if it wants to reach the ultimate target of 0.026 USDT. Some of the resistance levels that have been drawn by the analyst include 0.01217 USDT, 0.0148 USDT, 0.01912 USDT, 0.02262 USDT and finally 0.026 USDT.
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