Before we dive into to predicting the Verge future and XVG price forecast, let’s quickly sum up what awaits you in this article:
First, we take a look at year behind us. Then we cover our own XVG price predictions and market XVG forecasts. We will also dip our toes into the far future of Verge and give our Verge price predictions for 2020, 2025 and 2030.
We will also answer some of the most common questions about Verge price targets and how high it can go, like will XVG hit $10 or will Verge reach $100 and similar.
What is Verge coin
Verge coin is a cryptocurrency that strives to make blockchain transactions anonymous and untraceable. Its native token is known as XVG.
One of the project’s other key objectives is to dramatically increase throughput and deliver fast confirmation rates, in such way bringing blockchain transactions into everyday life.
The blockchain manages to ensure complete privacy for its users by leveraging a non-standard technology to connect users to the network.
Verge also draws attention because it is an open-source and 100% community-driven project – there is no big foundation or company pulling the strings behind the curtain.
The project had no ICO and is making the most out of volunteer work and public donations. To stress the project’s commitment to privacy, anonymity, and decentralization. Verge’s core team have signed its black paper with their usernames only.
Verge launched in 2014, as DogeCoinDark. In 2016, yearning to cut the ties with the “Doge” meme and ditch the “dark” connotation, the team rebranded itself as Verge.
With their eyes set on making the list of the top privacy coins, the Verge team is betting on interesting new technologies and introducing some powerful security measures to inch closer to their goals.
Verge at a glance
Symbol: XVG
Launch date: October 9, 2104
All-time high: $.26 on 12/24/17
Available supply: 15.4 billion
Total supply: 16.6 billion
How can Verge Coin be used?
Much like any other cryptocurrency, Verge coin can be used to send and receive funds between wallets. The ultimate aim is that it will be used as a global payments system. Although this might take a long time, the technology is perfect for this purpose.
Firstly, think about how you would send fund to a family member living in a different country? You can go to your local bank, sign some forms and transfer the funds. However, this is normally really expensive and takes days to arrive.
And what about if the person you are sending the money to lives in a remote village in Africa? There might not be any banks for miles! Another option is using a money transfer company like Western Union, but again this is really expensive!
Instead, if you were to transfer funds using Verge coin, your transaction would reach your family member in just 30 seconds, costing less than a cent. You also wouldn’t need to drive to your local bank/Western Union branch and fill out lots of forms, as you can do it anonymously from your computer!
In the real-world, when you spend fiat currency using notes or coins, you don’t need to give anyone your name and address, nor do you need to show any identification. This is the same idea as Verge, however instead of using paper notes, you spend money virtually.
History of Verge Price
The coin appeared in October 2014, and until April 2017, the cost of Verge was only $0.000006. The market capitalization of cryptocurrency totaled a little more than 20 thousand dollars.
The project developed very slowly. The main team often changed employees, remade the official website several times, searched for investors for a long time, and raised funds to enter the market.
Verge began to show a subtle upward trend only in the fall of 2017. The developers managed to increase the capitalization of the cryptocurrency at the expense of their own funds, investments from interested companies and donations from ordinary users. In addition, the coin appeared on the Bittrex and Binance listings.
Many online resources have begun to implement Verge blockchain technology and even accept XVG to pay for their services. Today there are more than 80 such resources. A complete list of them can be found on the official website of the project.
In November, the cryptocurrency market capitalization exceeded $600 million. And in December, the coin reached its historical maximum – 15 cents per 1 XVG.
Experts note that a sharp jump in prices occurred literally in a day. Soon after the famous programmer and businessman John McAfee wrote a tweet in which he mentioned Verge. He named his TOP 3 most promising cryptocurrencies: ZCash, Monero, and Verge.
Many users were surprised that McAfee placed the little-known and cheap coin on a par with the top altcoins. Retweets even began to appear on the network with assumptions that the entrepreneur, known for his keen interest in cryptocurrencies, made a mistake on the list and put Verge in the wrong place.
The next day, the price of the coin went up sharply. The McAfee’s tweet began to spread on the Internet and quickly made the Verge not only recognizable but also popular cryptocurrency.
In January, the rate corrected and dropped to 10 cents, and in March it fell to 4 cents altogether.
Analysts attribute the fall in prices to the general trend in the market and the presence of serious competitors whose success is blocking development opportunities for Verge. For example, ZCash also focuses on transaction anonymity but has great support among traders. It costs $650, not a couple of cents.
However, in April, Verge again began to show an upward trend. Successful contracts with well-known companies caused an increased interest in cryptocurrency.
For example, UQUID now issues debit cards with XVG support. They accepted the token in the TokenPay payment system. Its management is even considering issuing its cards for XVG.
Today Verge coin price is $0.004446 with a daily turnover of more than $1,5 million.
Market Prediction for Verge price
The cryptocurrency market has remained very volatile and is known to be fluctuating. Forecasting what will happen in one day is tough enough, now you can understand how difficult it is to predict for years.
Most of the market investors are looking up to Verge because of its unique qualities and features. Let's check some of the predictions given by editorials/ websites/ investors/ enthusiasts:
Wallet Investor
One of the best crypto market analysis site, walletinvestor.com stated that verge coin might reach up to $0.000370 by the end of 2020. They even stated that in 5 years, XVG might go up by 2-3%.
Mega Crypto Price
According to this website, XVG might reach $0.7401 by 2020 (Verge Coin price prediction 2020). They even added that by 2023, Verge might reach $2.39.
Coin Fan
Coin Fan predicts that by the end of 2020, XVG might reach as much as $0.45 and on the lower side, it can reach $0.21.
Digital Coin Price
This website predicts that XVG might reach $0.0257 by the end of 2020 and might reach $0.043 by 2022. It even shows a fall in price in 2023 and predicts that XVG price might get devalued to $0.041.
Trading Beasts
Trading Beasts predict that XVG might reach around $0.07 towards the end of 2020. This forecast is a very pessimistic one.
Verge Price Prediction 2020
By 2020, its overall demand might grow and its use cases will hit high hence XVG price prediction 2020 looks full of promises. It could be widespread and might be available in every exchange platforms.
Users bet that the Rootstock project can significantly promote Verge. The team is also working on the Wrath Protocol which will hide all details from the transaction.
BY 2020 end, XVG might reach $0.175, which is a great possibility as by then, XVG is going to grow manifold because of its developments.
Verge Price Prediction 2025
In five years Verge is going to gain its popularity and user base exponentially. Verge has been building strategic partnerships since 2018 which have seen increased adoption.
Some unique and interesting partnerships include Bamb-U: an Australian outfit that would be using Verge as a payment option for its wide range of watches and sunglasses.
Other partners accepting XVG payments include Europe based Royal Queen Seeds which deals with cannabis and Panchanko, an audio cable firm.
Verge Price Prediction 2030
Over the years, the market for the altcoins will notice a significant increase as people have already started moving in the directions of altcoins.
Being an altcoin, 2030, maybe a crucial year for XVG as the price of the coin might increase further. According to the trends, the prediction says that the price of XVG will reach $1 to $1.5 by the end of 2030. This shift can also improve its reputation in the market.
Frequently Asked Questions ( FAQs)
Q1. What is the current price of Verge (XVG) ?
The current price of Verge (XVG) is $0.0042.
Q2. Is it profitable to invest in Verge (XVG) ?
Based on the data, it can be predicted that it is Profitable to invest in Verge (XVG) for the long term. By long-term, we mean that the Verge forecast for a period of 5+ years.
Q3. What will be the price of Verge (XVG) in 2022?
The price of Verge (XVG) in 2022 will be about $0.0753.
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