(Update January 15, 2022) Everyone wants to know how XVG price will behave in the coming years. Created in 2014, Verge is an open-source cryptocurrency. It offers anonymous transactions by hiding the IP address and geolocation of its users. The coin has a market cap of $81 million and it’s currently trading at $0.005 after a 10% change over the past 24 hours. Verge resurgence is buoyed by PayPal’s decision to withdraw its services from the leading adult entertainment platform, Pornhub.
Also, there are other recent developments that show investors have a reason to be optimistic when it comes to the price of XVG. Below we’ll detail out factors that are likely to push the price of Verge upwards.
Experts Opinion On Why Verge XVG Price Will Rise
Experts believe that the Verge (XVG) price will surpass predictions for the long-term. The coin faced some harsh conditions in 2018, but analysts believe that towards the end of this year it will be different for the coin. Let’s look at reasons why experts foresee a great future for Verge.
WalletInvestor predicts that the price of XVG may reach $0.0370 by the end of this year. MegaCryptoPrice sees the price of XVG reaching $0.7401 by the end of 2020, with the possibility of trading at $2.39 by the end of 2023.
Coin Fan predicts that XVG may reach $0.45 at the end of the year on the higher side and $0.21 on the lower side. Digital Coin Price predicts XVG hitting $0.0257 by the end of 2020 and even reaching $0.043 by 2022.
According to Chriss Chase, the head of marketing and operations at the firm, the cryptocurrency suffered a similar fate as other digital coins throughout 2018. But these market conditions did not affect the acquisition of new partners and developments. The team has worked to ensure more partnerships, which if successful, will propel the coin’s price to greater heights in the future.
John McAfee posted a tweet promoting the project. On this tweet, McAfee stated that Verge is a good coin to invest, and also predicted that the coin’s price would hit $15! He has since said that he meant $0.15 which would be close to its peak price of $0.22 recorded in December 2017. Nonetheless, he is known to make crazy predictions.
Moreover, expert analysis by BitDegree gave various reasons why they think the coin is a good investment. Among the reasons, is that the platform became the first privacy coin to facilitate smart contract technology, and added that this could push the coin’s price higher.
Other factors influencing the price of Verge include;
Bitnovo adds support for XVG
Recently, Bitnovo a crypto exchange platform decided to add support for XVG. A move that will see crypto users in Spain and Italy purchase XVG via ATMs through their over 20,000 stores. Bitnovo started operating in 2016 and has become a significant player in the crypto industry.
The platform announced Twitter stating:
“We also have Bitnovo exchangeable coupons to buy Verge, available in establishments like Fnac, Eroski, Carrefour, in Spain and Italy. A simple way to acquire #Verge.”
The company adds that users can quickly buy and receive XVG in their wallet. Also, they can buy anonymously using the platform’s vouchers and gift cards fast for users to purchase and receive XVG to access the platform, users also have the option of using prepaid debit cards or a mobile app (IOS and Android).
This move should bring new users to the Verge, and as a result, it will boost XVG price.
In another move that will boost the price of XVG, Crypto Planet – one of the largest and fastest-growing e-commerce retailer using crypto has decided to add support for XVG. The platform is built to address the need for affordable shopping destination using virtual currencies.
It focuses on the accessibility of all kinds of products in the electronic and apparel space. Also, it allows people to use the currency of their choice to make purchases.
To motivate more users to use the privacy coin, they will offer discounts for purchases made with the Verge using the #ILoveVerge code.
In a Twitter announcement, the retailer says:
“We would like to congratulate @vergecurrency for successfully integrating with our Online Store. Verge Network Participants can now Shop Goods with $XVG. We are offering a 15% Discount on the First 1000 Orders Purchased with $XVG.”
Adult Website Payment Gateway
In another move that will add more users to the Verge network, Pornhub, the world’s leading adult website started accepting XVG on the platform. The announcement was made in April. Corey Price, the CEO of the adult website, said that Verge offered security and convenience. Something that makes XVG suitable as a means of payment when compared other crypto coins.
The official statement published on the website read:
“The future has come. In our efforts to keep current with our community’s privacy and payment preferences, Pornhub will now be accepting Verge as a means of payment for services like Pornhub Premium and more, on our platforms. Building on Verge’s core values of security, anonymity, and practicality, the introduction of this cryptocurrency as a means of payment Pornhub signifies an important foray into the future from the industry that is always on the cutting edge of technology.”
As you can see, XVG price is a hot topic in the crypto industry as the coin continues moving higher. Everyone wants to get access to the most valuable coins and how they are expanding all around the world. In the next sections, we are sharing with you the opinions of some of the most successful traders in the market.
Verge Price in 2020 and 2021
When it comes to Verge (XVG) we see that the last half of 2018, 2019 and 2020 have been quite flat years for this virtual currency. Not only this, XVG registered its last all-time high in early 2018, showing that investors have been waiting for a long time for an all-time high.
Analysing 2020, we see that the year started with XVG registering the lowest price in years as this coin is close to $0.00325. Then, a recovery started, something that we have not seen in order virtual currencies. The recovery allowed the coin to get closer to $0.01 in 2020 without being able to surpass that level.
However, things changed in 2021 when the market turned completely bullish. We have seen how digital currencies started to move higher and Bitcoin (BTC) was a clear leader in this bull market. XVG left years of accumulation behind and the virtual currency expanded to $0.07 per coin (briefly).
Despite this price growth, the coin remained far from its all-time high in 2018 (close to $0.25 per coin). Now, the coin entered a period of accumulation that seems that have broken downwards and that could push the virtual currency to new lows in the coming days. However, it is still far from its key support level at $0.01 per coin.
Verge (XVG) Price Prediction TradingView Analysis Updated January 15, 2022
Verge (XVG) has been giving traders the possibility to make money with different and very clear price moves for the last year. The analyst says that the stop-loss is currently under the bottoms at 0.015 USDT per coin. The stop loss got executed as the coin is now being traded close to 0.01385 USDT, which shows that the recent patterns might not be repeated in the near future.
In order for XVG to come back to previous levels, it would have to surge once again to 0.03372 USDT per coin before breaking through 0.024 USDT. It might be necessary a strong impulse from Bitcoin and the whole crypto market in the coming days and weeks for it to happen. Nevertheless, we need to closely follow this coin and how it could trade in the coming weeks.
This analyst has been working on a very clear analysis for the XVG/USDT trading pair in which we see three falling wedges over the last weeks in a range between 0,01755 USDT and 0,03496 USDT. The coin has recently broke the last falling wedge and it started moving higher, however, it was not possible for it to reach the 0,03496 USDT target.
It would be very important to see what could happen with this coin in the near future as it could start moving higher and hit the previous targets. However, it would highly depend on how Bitcoin evolves and how the general crypto market evolves in the near future. It would be very important for the coin not to fall lower in the coming days as this could push the coin to even lower levels.
XVG is currently being traded at a very important support level close to 0.0168 USDT that could be very important in the coming days. This could prove to be a very important support level for this digital currency if the market continues to move downwards in the coming days and weeks.
As the analyst says, holding this support could be very important for XVG as it could help it move higher in the coming weeks to reach the first resistance zone. This resistance is at 0.032 USDT and it could be reached if the market bounces from the current support region.
Then, the expert says that if it breaks the first resistance zone, we could see XVG moving to 0.05 USDT and even further in 2022. Everything will depend on the crypto market and how Bitcoin (BTC) and the largest cryptocurrencies behave.
This XVG/USDT analyst was able to spot the price action that the digital currency experienced a few days ago when Bitcoin and the entire crypto market dropped by over 15%. This analyst showed that it was possible for the virtual currency to hit 0.0158 USDT and this is what happened. This was considered a reverse zone after breaking down from a growing trendline in recent months.
Now, XVG was able to recover part of the value lost and it is now being traded close to 0.019 USDT. Nonetheless, it would be very important to follow the price of Bitcoin in the coming days in order to understand what could happen to this virtual currency. Let’s not forget that the market is now heavily correlated to traditional financial markets.
For the XVG/USDT trading pair, we see that the analyst has drawn a bullish chart for the near future. Indeed, we see that there are different Fibonacci levels that work as support or resistance for this virtual currency.
Some of these resistance levels include 0.02654 USDT, 0.02823 USDT, 0.03 USDT and 0.035 USDT. When it comes to resistance, we see that 0.0244 USDT is a very important level for this virtual currency. On the daily chart, the expert remains bullish but he is bearish on the 4-hour chart. Finally, he sees that there could be a head and shoulders pattern forming.