What is Verge?
Verge is the remnant of DogecoinDark, a cryptocoin that forked from Dogecoin proper back in 2014. So it’s safe to say Verge isn’t a new kid on the block, as it were.
XVG aims to protect users’ privacy while sustaining an open blockchain, a necessary dynamic for businesses wanting to use a given cryptocurrency.
How does XVG compare against other privacy coins?
When it comes down to privacy, the other top privacy cryptocurrencies take the cake.
For instance, Monero doesn’t have a public blockchain like Verge does. It’s impossible to know how much XMR any given address holds. That’s airtight privacy.
Verge, on the other hand, works to hide IP addresses. This helps with privacy, but it’s not a full-proof defense. To this end, it is theoretically possible to match IP addresses to wallet address through XVG’s public blockchain.
Good invest or not?
An advantage of using Verge is transaction speed.Algorithm of Verge also prevents IP from being traced or recalled. Another plus is public blockchain, so Verge is easy for mainstream adoption. The great advantage of this coin are also anonymous mobile transactions.
Verge Price Development:
The price of verge went sideways from the time it launched in October 2014 up until its rebranding in February 2016, ranging from $0.000005 to $0.00001. After its rebrand in early 2016, the price jumped in April 2016 to reach its all-time high of $0.000227 on April 7. However, the price dropped quite substantially after reaching its 2016 high and trended between $0.00005 and $0.00001 for another year.
In April, together with the rest of the cryptocurrency market, verge managed to rally once again. It wasn’t until June 2017, when the developers behind Verge published their black paper and made several positive development announcements that the cryptocurrency jumped significantly from $0.001 on June 1, to a new all-time high of $0.0063 on June 7.
Verge performance Predictions:
From a technical analysis standpoint, is Verge expected to perform well? Looking at the weekly chart below of XVG-BTC will give us an idea of the price action that will be anticipated over the long run.
Verge displayed a bullish Ichimoku breakout in mid-May, giving an early signal that an uptrend would materialize. Since then, XVG-BTC has climbed from 0.00000048 to 0.00000170 at the time of writing. The market has displayed a sharp upsurge, with a retracement looking complete, as the chart below also shows the Fibonacci retracement levels. XVG-BTC bounced up from the 38.2 retracement level at 0.000000096 for the week beginning June 26. Over the course of the next month or two, we are likely to see another upsurge to the Fibonacci extension level at 0.00000396.
Personally i love this coin, i got some nice wins on that coin, i think the price will rise nice in the future.
That's my review about XVG, i want to read your reviews too, and tell me what you think about XVG.
Se ya'