Verge coin price has been making steady gains in recent weeks as the crypto market has rebounded after a slow start to the year. One major factor that has contributed to the growth of XVG has been the spate of partnerships and developments released on its blockchain.
Last week the privacy coin revealed that it had completed the rebasing of its codebase to meet the latest protocols used on Bitcoin. The new update named Lumous v5.0 is available for public use and brings several benefits to the coin.
It is expected that with this update would bring about improved security, standard user interface and flexibility on the blockchain platform. The response to this announcement has been largely positive with crypto analysts predicting a big future for the coin.
This has translated into the market as Verge consistently made positive returns all through the weekend as investors have renewed confidence in the coin.
Verge coin price analysis May 20, 2019
- Verge (XVG) ranks 48 on the list of largest coin based on Market cap
- As of the time of writing, the price of the coin was $0.010466
- Total market value of the coin was $167,711,823
- 24-hour Trading volume is $11,933,312
- Total coins in circulation 16,024,606,714 XVG
Verge (XVG) Price comparison statistics
Verge experienced its highest surge on 16-May-2019 with the price of the coin increasing to $0.012115 with a market cap of $194 million.
Current market cap has increased by 0.52% when compared to yesterday’s figures and the price of the coin is up by the same percentage.
When compared to the price increase on 16-May-19 the current price of the coin shows a downward trend in terms of loss in the value of the coin by around 13%
Verge (XVG) Price prediction
Verge (XVG) has more updates slated for this year with its mining update and desktop wallet close to release in Q2. These developments will impact the price of the coin in the long rune and should position the coin to make huge gains in value.
We expect that Verge continues this steady run and the coin could hit the $0.02 mark by the end of May.