Monday, February 26, 2018

Verge Price Update 25/02/2018: Temporary Dip in Price, Rise Expected Soon

Verge, which is a privacy-focused cryptocurrency, has been on quite a roll over the past few months. Late last year when the much talked about wraith protocol was announced, the currency rode on a hype train and surged to massive levels. Verge (XVG) has since gone through a number of ups and downs over the past few weeks. Let us take a closer look at what to expect from the currency over the next weeks, as well as how it has been performing of late. Verge price over the past 24 hours has been on a slow downtrend, going from $0.063 to $0.057 to close the day, with the lowest point of the day being at $0.055. The market cap of the currency too suffered as it fell from $921 Million to $847 Million. However, while it might be a momentary dip, Verge is still looking forward to a positive growth.
Verge price update 25 February 2018 Expected movement of Verge price | Image: Tradingview
As seen in the tradingview graph above, Verge will continue losing some price before it finally gains momentum and reaches point (E), which is at $0.1, almost double of what where it is expected to fall to.

Over the past seven days, Verge has fallen from $0.088 to $0.057. However, if market analysts are to be believed, an uptrend will soon be on its way. Moreover, the path that Verge is following is one which is being followed by the markets at large. Bitcoin and other major currencies too, are losing price at the moment. However, a surge is on its way.

Source: https://cryptocrimson.com/

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