The amount of information in the digital space is rapidly increasing annually. Confidentiality and protection of user data are the most critical tasks in the modern world of IT-technologies. One of the digital projects aimed at enhancing the security of user data is the Verge platform and cryptocurrency (XVG).
The Verge cryptocurrency was created in 2014 with the name of DogeCoinDark by Justin Saneroc. He thought Bitcoin could not be the digital asset made for everyday life. The cryptocurrency became well-known after the partnership with Pornhub in 2018. Premium subscription was available for users to pay with Verge (XVG) coins.
Verge works on Proof of Work protocol. However, there are five more algorithms to mine cryptocurrency. The platform can process 100 transactions per second. Well, it’s quite impressive. So let’s explain some Verge basics, and find out what is the Verge future price. There’s a Verge (XVG) price forecast 2019&2020 by Changelly!
Verge Fundamental Value
Unlike many other cryptocurrencies, there was not even an ICO to launch DogeCoinDark. The developers created a branch from the Bitcoin blockchain, invested their money in the project, and mined the first coins themselves.
Verge cryptocurrency developers focus on anonymity and confidentiality. They did not create completely new technology, but took as a basis the existing Bitcoin blockchain and made some improvements to it (first of all, this concerns the algorithm, with Bitcoin, SHA 256).
In the process of working on the Verge project, TOR and i2P were added to the blockchain, which allows anonymizing the transitions of users to the Internet. The Verge network has a system that enables almost instant transactions. You can transfer XVG cryptocurrency much faster than other coins since SPV technology is used, through which developers were able to reduce the transaction time to 5 seconds.
The system uses five types of mining algorithms:
It helps to make mining smoother and more convenient. Many miners prefer the Lyra2REv2 algorithm, which allows you to mine coins on video cards (the new NVIDIA, Radeon, and GeForce models are suitable).
|Consensus Protocol||Proof of Work|
|Curr. Supply / Total Supply||15,930,957,089 XVG / 16,555,000,000 XVG|
|ROI since launch||More than 9000%|
Verge Price History
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.
Verge (XVG) Technical Analysis
Well, there is not actually any technical analysis expertise of Verge (XVG). However, here is the aggregate rating for XVG from several traders & analysts on TradingView.
The coin history began with the darknet. Thanks to the word Dark in the name, it could be concluded that it is safe to use cryptocurrency on the darknet for anonymous transactions. Since the coin coped with the tasks, offered reliable and fast anonymous transactions, the project began to develop.
2016 changed the course of history for Verge. The decision to rebrand was made since the project ceased to resemble the original product. Now the Verge project is all about anonymity and security.
Reddit users seem to be quite supportive:
All in all, users just advice to hodl the Verge cryptocurrency because it can go to the moon one day:
If we compare the price chart with Google trend chart, we can see price dependence of the popularity factor.
Influencers’ Views on Verge
I have already mentioned John McAfee’s impact on the Verge thing. In 2017 he advised his followers to invest in Verge. However, in June 2019, McAfee wrote a controversial tweet:
Charlie Lee, the creator of Litecoin, is moсking the Verge on his Twitter:
There is not only one tweet with mickey. Lee also laughed at the 51% attack on Verge and criticized a variety of mining algorithms.
Anthony Pompliano, Morgan Creek founder, mentioned Verge and its partnership with Pornhub on his Twitter:
As well as Meltem Demirors:
Squeeze, crypto trader and venture capitalist, joked about Verge price drop:
Crypto trader and market commentator The Crypto Dog yet in 2018 claimed Verge to be a shitcoin:
What to expect from Verge in 2019&2020
Verge has a lot of cons, which can help its price rise. First of all, it’s a long history of the coin. The developers improve coin since 2014. A combination of algorithms (Tor, I2P, Wrath) gives the system anonymity and security. The developers support the decentralization idea: open source code, independent project. There are some opinions about the Verge’s future price.
The Coinrepublic Price Prediction for 2019
The development of new technologies can help boost the price of the coin. By the end of 2019, XVG can reach $0.0092.
Trading Beasts Price Prediction for Q4 2019, 2020, 2025
In December 2019 XVG price will reach $0.0059. By the end of 2020, the coin rate may vary from $0.00816 to $0.012.
Walletinvestor Price Prediction for 2019, 2020, 2025
The source predicts $0.05 by the end of this year. This shows the price fall by 3.56%. In 2020, the coin will be $0.00411. In 5 years XVG price will change to $0.0069.
Digitalcoinprice Prediction for 2019, 2020, 2025
In 4Q of 2019, the coin price will go up to $0.073. In 2020 the XVG may crash to $0.007516. However, in 2025, the coin will rise up to $0.0144. The source claims that XVG is a profitable investment for a long-time period.
Coinpredictor Bearish Price Prediction for the end of 2019
The source forecast for the end of this year is $0.0009. The change is totally negative. The XVG will go down by 78.9%.
Cryptogroung Price Prediction for 2019
The price will have a positive tendency. By the end of 2019, price will be $.01507. The XVG cryptocurrency is a profitable investment for a period of 5+ years.
All in all, Bitcoin is a reference point for the crypto market and altcoins price change. If BTC will rise, so will altcoins.
Buy XVG at Changelly with USD, EURO or GBP
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.