Verge currency has been gaining ground with an amazing blow of momentum over the past week now and is already seen breaching yearly heights. With this, XVG coin has got enough attention from social media as well and has been gaining networkers from the investor’s community to elevate the portfolio. With this, Verge has turned to be the number one altcoin to invest presently. The momentum and support of the currency are commendable and unmatchable.
Alongside, Verge has been extending its service horizons and has partnered with platforms such as MobiePay to increase the usage and adoption of Verge just as the traditional way of transacting. Another such horizon where Verge currency is seen extending its presence is Piixpay, wherein the user is eligible to have simple payouts in Euro and XVG. As the normal and general use of this digital token increases, we can see the price booming.
— Piixpay.com (@Piixpayteam) June 16, 2020
With an increase in price, XVG is no longer an underestimated digital token and has been gaining enough attention. More importantly, the current price and momentum are even unmatchable with that of Bitcoin-the long of cryptocurrencies and the massive crypto by market cap. This has led to an increase in the trading volume and market capitalization.
With social activity accelerating + price moving from $0.005244 to $0.00883 over the past week, Verge has moved to the #1 AltRank™.#altrank = Increasing social activity + strong price performance vs #bitcoin + rising trading volhttps://t.co/KfAXBu5NGg $xvg #vergecurrency pic.twitter.com/kwfDmTDGNj
— LunarCRUSH Social Listening for Cryptocurrencies (@LunarCRUSH) June 15, 2020
Verge Price Analysis
If we look at the Month-to-Date movement of XVG/USD on a 2-hourly chart, the price trend is beyond doubt an enticing view to watch out for. The steep heights have gained a number of networkers to invest in the digital coin and are gaining the utmost support from 50-day MA, 200-day MA, and 200-day EMA. Not to forget the approaching Verge Halving in less than 30 days from now. At the press time, XVG price was seen trading at $0.0093, and a further rise beyond $0.010 is possible within a few days as per the current traction.
The technicals of the currency are utter bullish, and it is already over demanded due to the current price rally and has recorded the highest volume as well.
The bounce on Verge shows me how strong this coin will perform over the next few weeks.
It has a lot going for it and that reflects in price.
— Steve Crypto (@stevecrypt0) June 15, 2020
The major support to watch out for lies at $0.0085 and $0.0080, while the major resistance lies at $0.010 and will be the amazing point to invest and HODL.