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Verge Price Prediction – How High Will XVG Price Reach in 2021?

Verge Price Prediction

The post Verge Price Prediction – How High Will XVG Price Reach in 2021? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Verge is one the cryptocurrencies to appear in the blockchain ecosystem during the reign of the nearly extinct Initial Coin Offering (ICO) days. Back in 2017, during the “mass movement to the moon”, the crypto ecosystem was filled with a “sea of coins”, all aiming to make a name within the community.  Amid several such …

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Verge is one the cryptocurrencies to appear in the blockchain ecosystem during the reign of the nearly extinct Initial Coin Offering (ICO) days. Back in 2017, during the “mass movement to the moon”, the crypto ecosystem was filled with a “sea of coins”, all aiming to make a name within the community. 

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Amid several such cryptocurrencies gracing the community with brilliant ideas and unstoppable technology, Verge was one of the few that happened to succeed until now. 

Are you currently thinking of investing in Verge? or Worried about your current XVG holdings and their potential? This Article includes Verge price prediction for 2021 and beyond.

Table of contents

Overview

Cryptocurrency Verge
Token XVG
Price $ 0.0133
Market cap $ 219,114,066.0000
Circulating Supply $ 16,420,958,343.3634
Trading Volume  $ 33,419,719.0000
All time high $ 0.2619     December 24, 2017
All time low $ 0.0000     February 6, 2015

What is Verge?

Launched in 2014, Verge came out under the name “DogecoinDark” which was introduced by Justin Sunerock. Verge, according to its official documents, is an open-source secrecy coin which is governed by a group of cross-border developers. Verge runs on its native cryptocurrency, XVG and it utilizes the obscurity darkweb tool Tor for its anonymity feature and a mysterious network layer I2P to hide certain transaction areas and IP addresses.

The trade speed on Verge is virtually 5 seconds as a result of the usage of Simple Payment Verification (SPV). The Core QT wallet has incorporated TOR and SSL encryption which conceals the IP addresses of clients. The advancement of the Wraith Protocol improvement enables users to personally transact across the Verge blockchain with stealth addressing services.

Besides, Verge’s users may reportedly shift between public and private records on the Verge blockchain. The network gives five distinct Proof-of-Work algorithms for mining – Lyra2rev2, Scrypt, X17, blake2s, and myr-groestl.

Verge Coin [XVG] Technical Analysis

XVG first appeared on the exchanges on October 15, 2014. At the time, the coin merely had any value and continued to trade at the $0.000013 mark for almost two years. The coin had a very low market capitalization and traded at nearly zero volumes on exchanges.

2017

The first major exchange volume was recorded in 2017 when over $3,000 XVG was traded during the month of March. In mid-2017, XVG was affected by the general crypto surge that escorted many similar coins to greater price heights. As the frontrunner crypto, BTC was nearing its ATH value, XVG turned up and touched $0.0046 in June of the same year. At the time, its market capitalization had soared to around $21 million amid a daily exchange volume averaging around $6 million. 

By December of 2017, XVG had soared and touched its all-time-high price at $0.26. The coin’s market capitalization has soared accordingly and exchange volume was hovering around 600 million on a daily basis. 

2018

A price decline set in early on in 2018 which brought about a steady decrease in the price of XVG. By January of the year, XVG had plunged to $0.19 as further decline was rapidly materializing. By February, XVG had successfully plunged to $0.04. Exchanged volumes were also vacillating at $18 million. The price surged a little bit into the second quarter of the year and prices were around $0.078 per unit. 

2019

In 2019 however, XVG price had fallen back to the $0.007 level. This was where the things were held until the end of the year. Although alternate price increase and decrease was experienced, the overall change in 2019 was majorly insignificant. 

2020

 In January, the price started the year at around $0.0035 and traded sideways. Further, a progressive price increase escorted XVG price towards $0.006 but a steep fall crashed it back to $0.002 by mid-March.

Due to an immediate price reversal, XVG rose quite steadily until June. By the beginning of June, the price was around $0.004 and further a push got the price trading higher at $0.007 per unit by the middle of the month.  Later on the price continued to trade between the $0.004 and $0.007 until the end of November.

Dramatically, the price surged to $0.009 by the end of November as Bitcoin continued to expand its price rally. Further, the price started to plunge and traded at $0.007 during the end of December 2020.

Verge Coin [XVG] Price Prediction 2021

On a bearish note, XVG continued to trade at $0.006 by the start of 2021. It might trade at $0.019 by the end of January. XVG might suffer some price fluctuations for the further days, as the bears are trying to drag the market, XVG might fall to $0.002 by June and expected to continue the same range for several months. By the end of 2021 XVG might trade at $0.05.

XVG Price Prediction 2022

XVG might commence the year 2022 with a trading price of $0.004. The price is expected to fall to $0.0007 by April and may continue the same price trend for a few months. On a bearish note XVG might arrive at $0.0004 at the end of November. By the end of December 2022, XVG might manage to climb $0.06.

Verge Coin [XVG] 5 Years Price Prediction

Within the next 5 years, as adoption grows and cryptocurrencies generally become more popular, XVG price is predicted to have surged more than 5 times of its present value. By the end of 2025, prices may touch as high as $0.15.

XVG Price Market Prediction

Few crypto experts and traders claim that XVG price is in the ‘bullish’ zone, which refers that investors believe in its potential, and their contribution makes the coin rise in price.

XVG, like the rest of the market, is tied behind bitcoin’s price action. If bitcoin enters on another bull run, XVG can hope for one too. As is very unlikely, we can’t expect much to change for XVG price-wise this year.

  • DigitalCoinPrice

According to DigitalCoinPrice, XVG might reach $0.043 by the end of 2022. The price might fall in 2023 and might get devalued to $0.041.

  • Mega Crypto Price

According to Mega Crypto Price, Verge might reach $2.39 by the end of 2023.

  • CoinSwitch

According to CoinSwitch, In 5 years Verge is going to gain its popularity and user base exponentially. By 2025 Verge might reach $0.2069. 

Our Verge [XVG] Price Prediction

With a price of $0.006, XVG started the year 2021. The price continued to rise as the marketers focused to invest in XVG. XVG might come up with certain improvements and might announce certain partnerships for collaborations in the future. By the end of 2021 XVG may hit $0.030 and it might trade at $0.065 in the future.

FAQ

What is Verge?

According to the founder, Verge is a cryptocurrency designed for people and for everyday use.

When was Verge Currency created?

The Verge Currency project was established in 2014 under the title DogeCoinDark. In 2016, it was rebranded to Verge Currency.

Is verge coin a good investment?

Yes, by 2021 end, XVG might reach $0.1, which is a great possibility as by then, XVG is going to grow because of its developments.

How to buy or exchange Verge coin?

Verge can be traded on exchanges like Binance, Bittrex, Bitvavo, HitBTC and many more.

Source: https://coinpedia.org/price-prediction/xvg-verge-price-prediction/

Blockchain

ConsenSys-Backed Virtue Poker to be Launched on Superstarter, SuperFarm’s Launchpad

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Virtue Poker, the decentralized poker platform built on top of the Ethereum blockchain, will hold an initial DEX offering (IDO) on SuperStarter. The announcement follows a successful round in which VP closed funding worth $5 million.

Virtue Poker to Hold an IDO

Founded in 2016 within ConsenSys, Virtue Poker is an Ethereum-based decentralized poker platform enabling peer-to-peer networking aiming to operate as an “online poker site that’s safe, honest, and fund.”

After a few years of development, the project announced the upcoming IDO in a press release shared with CryptoPotato earlier. The statement reads that VP has partnered with SuperFarm’s recently released launchpad SuperStarter.

Apart from handling the IDO procedures, SuperFarm will be involved in other initiatives following the event, such as integrating non-fungible tokens into Virtue Poker.

“We are excited to be helping spread NFT adoption to new types of ecosystems and use cases. Virtue Poker makes for an excellent partner for our recently introduced SuperStarter platform, showcasing its enormous benefits to the SuperFam community and the high caliber of projects wishing to integrate NFTs in their stack.” – commented Elliot Wainmann – Founder of SuperFarm.

According to the announcement, VP will put a small portion of its native coin (VPP) for sale on SuperStarter. Future token holders can stake their assets to run Justice Nodes and earn 50% of the platform’s fees.

Additionally, they will access marketing initiatives, save on fees, and “shape the development of the Virtue Poker platform.”

Ryan Gittleson, Founder and CEO of VP, noted that his project was built on Ethereum because the latter enables the creation of a “provably fair and easy-to-access poker platform,” which could be “revolutionary for the multi-billion-dollar online poker industry.”

Securing $5M Funding

Before the IDO announcement, Virtue Poker completed a strategic investment round of $5 million in April 2021. Apart from Consensys, other prominent names that took part included Pantera Capital and DFG Group.

Furthermore, the statement highlighted that the Poker Hall of Famer Phil Ivey is a stakeholder and a spokesperson for the project.

Virtue Poker also touched upon the license it received from the Malta Gaming Authority. After working together for “nearly two years in establishing a regulatory framework,” VP became the “first and only blockchain-based company” to receive such a license from MGA.

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Source: https://cryptopotato.com/consensys-backed-virtue-poker-to-be-launched-on-superstarter-superfarms-launchpad/

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Blockchain

MoneyGram to Enable Users to Buy Bitcoin and Withdraw it From Birck-and-Mortar Locations

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In yet another move of further Bitcoin adoption, the American money transfer giant, MoneyGram, will allow users to buy and withdraw bitcoins from various brick-and-mortar locations.

  • Cryptocurrencies continue to occupy the center stage of the fintech industry following a massive rally in both prices and popularity.
  • Plenty of blue-chip and publicly traded companies have begun accepting bitcoins for their services, and some have even added it to their balance sheet, Tesla and MicroStrategy included.
  • Now, it appears that the latest company to jump on the bandwagon with a move towards serious mass adoption is MoneyGram.
  • The money transfer mogul has partnered up with the cryptocurrency exchange Coinme.
  • The fruit of this collaboration is a feature that allows people to buy bitcoin and withdraw it from brick-and-mortar locations within the US.
  • According to a CNBC report, in the coming weeks, existing and new Coinme users will be able to buy crypto with cash and withdraw it from MoneyGram’s conventional locations.
  • Speaking on the matter was Alex Holmes, MoneyGram’s CEO and Chairman, who said:

This innovative partnership opens our business to an entirely new customer segment as we are the first to pioneer a crypto-to-cash model by building a bridge with Coinme to connect bitcoin to local fiat currency.

  • The move comes soon after PayPal made its foray into the market, allowing millions of merchants to accept crypto for payments.
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Source: https://cryptopotato.com/moneygram-to-enable-users-to-buy-bitcoin-and-withdraw-it-from-birck-and-mortar-locations/

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Blockchain

Craig Wright Allowed to Serve 16 Bitcoin Developers Over $4B of Stolen BTC

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Craig Wright’s legal attempts to sue a dozen developers working on the networks of Bitcoin, Bitcoin Cash, Bitcoin Cash ABC, and Bitcoin SV have been approved. By tapping a law firm called ONTIER, the self-proclaimed Satoshi Nakamoto will go after the developers to make them recover over $4 billion of BTC supposedly stolen from his computer last year.

CSW Granted Permission to Go After Bitcoin Developers

CryptoPotato reported in late February when Wright and ONTIER announced plans to pursue legal action against the developers of Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), and Bitcoin Cash ABC (BCH ABC).

The firm acted on behalf of Tulip Trading Limited (TTL) – a Seychelles-based entity with Wright being the primary beneficial owner. In the statement, both parties claimed that Wright’s computer was hacked in 2020, and the perpetrators somehow stole his private keys to two addresses, which held over $4 billion in bitcoin.

Consequently, the law firm requested that the developers “enable TTL to regain access to and control of its bitcoins on the grounds that they owe Bitcoin owners both tortious and fiduciary duties under English law.”

Although their claims seemed a bit controversial, to say the least, the firm has been allowed to go forward and serve the developers, according to a statement made by ONTIER on May 12th.


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It reads that the firm has “commenced the process of serving legal proceedings on 16 Bitcoin developers.” The company was granted permission to serve them out of the jurisdiction by the Business and Property Courts of the High Court in London after 145-page application submission.

The statement highlighted once again that “Dr. Wright is the inventor of Bitcoin” and described TTL as the real victim in this case.

“Tulip Trading is, purely and simply, a victim of theft. The hacking was first reported to the police in February last year. TTL has not been granted permission to seek recovery of its access to and control of its digital assets from those in a position to remedy its loss. The fact that someone has stolen TTL’s digitally-held, encrypted private Bitcoin keys does not prevent developers from deploying code to enable the rightful owner to regain control of its bitcoin.”

To Help the Masses

As with the first statement in February, ONTIER and Wright asserted that if this case succeeds, it could help numerous others victims that have been hacked in the past.

“In what may prove to be a huge relief to many, a ruling in Tulip Trading’s favor would have considerable implications for those who have lost access to their Bitcoin or had coins stolen.”

This is far from being Wright’s first controversial legal endeavor related to the cryptocurrency industry. After claiming, without conclusive evidence, though, that he is indeed Satoshi Nakamoto, his lawyers recently warned two bitcoin-related websites to remove the asset’s whitepaper as he supposedly owns legal rights to the document and the Bitcoin name.

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Source: https://cryptopotato.com/craig-wright-allowed-to-serve-16-bitcoin-developers-over-4b-of-stolen-btc/

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