The post Why Verge (XVG) Price Is Up Today? appeared first on Coinpedia Fintech News
While the overall crypto market struggles with falling prices, Verge’s native token, XVG, has caught the spotlight with a 50% surge in the past 24 hours, now priced at $0.014. This rise highlights the growing interest in privacy-focused cryptocurrencies.
Verge XVG Coin Recored Massive Gain
As of now, Verge (XVG) has been gaining significant momentum, currently trading at around $0.013. While it has seen a slight dip from its earlier peak, the token still boasts a 27% increase in the past 24 hours, showcasing its resilience.
Over the past month, XVG’s price has surged by 90.7%, adding an average of $0.00034 to its value. This steady growth highlights its strengthening position in the crypto market.
Additionally, with an impressive year-to-date (YTD) growth of 238%, XVG’s market cap now stands at slightly above $215 million.
What Makes Verge Stand Out?
Verge is a decentralized blockchain that focuses on privacy and anonymity. It improves on Bitcoin’s original blockchain by adding privacy tools like Tor integration and VergePay, which lets users send funds to stealth addresses.
Originally launched in 2014 as DogeCoinDark, Verge was rebranded in 2016 to better align with its goals. It uses Simple Payment Verification (SPV) technology for faster transactions and competes with other privacy-focused coins like Monero and Zcash.
XVG Price Prediction
According to Coinpedia’s predictions, XVG could reach $0.0149 by the end of 2024 if its bullish momentum continues. Looking further ahead, the token might climb as high as $0.03508 in 2025, provided it maintains its resistance levels.
With its robust performance and focus on privacy, Verge is gaining momentum as a noteworthy contender in the evolving crypto market. If its current trajectory holds, XVG may achieve new milestones in the coming months.