1. Current price and metrics:
Verge ($XVG ) is trading at around $0.019, which is ~1.7% lower over the last 24 hours. The market capitalization is approximately $320 million, with a daily trading volume of about $50 million. The coin is still far from its all-time high of $0.3, reached in December 2017, but shows consistent interest on exchanges like Binance, Bitvavo, and others.
2. Technical aspects:
$XVG is known for its focus on privacy and transaction speed. It uses Tor technology to anonymize user data. This makes it popular among those seeking confidential transactions with low fees.
3. Chart and trends:
$XVG shows stable recovery after a decline, remaining within a consolidation range of $0.018-$0.020. However, trading volumes are decreasing, indicating a decline in speculative activity.
4. Forecast:
Short-term: Possible growth to $0.022-$0.025 if positive sentiment in the cryptocurrency market continues.
Long-term: Forecasts up to 2027 suggest a price increase to $0.026-$0.038, provided that improvements and partnerships are successfully implemented.
Recommendation:
For short-term trading, it is important to monitor resistance and support levels ($0.020 and $0.018). Long-term investors should consider the project's volatility and its dependence on the overall market conditions.
