Verge (XVG) is one of the cryptocurrencies that caught the crypto industry off guard at the start of the year. Surprisingly, XVG has grown at a rate of more than 360 percent in the last year. As a consequence, XVG is currently one of the most discussed virtual assets in the cryptocurrency market. With all of these accomplishments, we may conclude that XVG is a cryptocurrency with enormous potential.
A slew of cryptocurrencies has fuelled this 2021 bull run. On some cryptocurrencies, on the other hand, we’re in a downturn. As a result, many cryptocurrency traders and investors are unsure if it is time to retain their digital assets for a decent price or sell them. This might be the case for certain XVG traders and investors.
Furthermore, the crypto market has recently been stabilising, with most cryptos shedding their past gains. In this XVG price prediction 2022 post, we’ll find out soon. But first, let’s define what XVG is.
What is XVG Verge?
XVG Verge is an open-source, decentralised cryptocurrency that claims to provide entirely anonymous transactions by masking the transacting parties’ location and Internet Protocol (IP) address. You can trade Verge on major cryptocurrency exchanges under the ticker XVG.
Verge was founded in 2014 as DogeCoinDark, but it was renamed Verge in 2016. DogeCoinDark was a Dogecoin fork that was created to give an anonymous alternative to Dogecoin. Verge belongs to the category of “privacy currencies,” which also includes Monero, Pivx, and Zcash.
Prioritising privacy, Verge prioritises masking users’ IP addresses. An IP address is a number that identifies a particular machine or computer network. Using an IP address, it is possible to trace the user and the online activity on the linked device; however, obfuscating IP addresses renders transactions completely untraceable.
Many major cryptocurrencies (including Bitcoin) suffer difficulties in ensuring total anonymity for participants. Cryptocurrencies like Verge have increased the use of private ledgers, which provide innovative ways to conceal users’ identities.
The Verge provides anonymity by utilising numerous anonymity-centric networks, including The Onion Router (TOR) and The Invisible Internet Project (I2P). TOR safeguards users’ identities by routing their communications through a dispersed network of relays and tunnels. This network is managed by volunteers from all across the world. I2P encrypts user data and delivers it across an anonymous peer-to-peer internationally dispersed network managed by volunteers.
Now that we’ve established what XVG Verge is, let’s examine some charts in our XVG price analysis and XVG price prediction.
XVG’s Current Market Situation
XVG is now one of the most aggressive virtual assets in the cryptocurrency industry. In reality, cryptocurrency has increased by more than 360 percent in the last year. As a result, XVG has emerged as one of the most talked-about digital assets in the crypto industry.
In terms of market position, the coin ranks among the top 150 cryptocurrencies according to CoinGecko. As a consequence, the market capitalization of XVG has increased to about $391 million, with a 24-hour trading volume of $46.5 million. Indeed, the market position of cryptocurrency draws worldwide investors from all over the world.
Furthermore, XVG currently has a circulating supply of 16.47B XVG. Binance, Huobi Global, HitBTC, Gate.io, and Bitfinex are currently the major cryptocurrency exchanges for XVG.
XPR Price Analysis
XVG was recently ranked 136th on CoinGecko. The Descending Triangle pattern may be seen daily. This is a crucial signal because XVG has been trending downward over the last month. As a result, the falling triangle pattern suggests that XVG will eventually become bearish.
In the near future, we can assume that XVG is more likely to become bearish than bullish. As illustrated above, XVG shifted from a bear to a bull trend at the beginning of this month. This is due to the significant transaction volume that happened during that time period.
The Relative Strength Index (RSI) is 64.62, indicating that XVG is virtually overbought. However, this might result in a price reversal at any point. As a result, crypto traders must trade prudently and avoid being swayed by market excitement. With this in mind, traders must exercise caution to avoid incurring unexpected losses as a result of the crypto market’s violent fluctuations.
Since the beginning of 2021, XVG’s price has undergone several positive movements that are greater than the previous one. Furthermore, these are immediately followed by consolidation, volatility, and corrections. Taking this into account, XVG will have a competitive market in 2021.
XVG Price Prediction 2022
If XVG continues to rise, Verge will reach $1.5 by the end of 2022. Furthermore, the first half of 2022 will see rapid growth, reaching $1.8 billion. The growth will thereafter moderate, but no significant drops are forecast. With planned collaborations and advances, reaching $1.5 is fairly ambitious in terms of pricing, but it is undeniably doable in the near future. This suggests that Verge is quite likely to hit a new ATH in the near future.
XVG Price Prediction 2023
The Verge’s price can soar to dizzying heights, eventually reaching $2.5. Furthermore, this is only conceivable if the market maintains its positive trajectory. Furthermore, only if the cryptocurrency Verge surpasses the psychological resistance level will it be considered successful.
XVG Price Prediction 2025
Verge costs might reach $5.75 in the next three years. However, hitting this level may not be as tough for Verge as a new medium, short-term, or long-term price objective for purchase or sell orders may be discovered.
XVG Price Prediction 2031
According to the XVR price prediction and technical analysis, in 2031 the XVG price is expected to cross an average price level of $6.48. This means that the expected minimum price value of Verge by the end of the current year should be $6.47. Moreover, XVG can reach a maximum price level of $6.58.
Conclusion
The Verge appears to have a bright future in 2022. With the current improvements in the Verge ecosystem and the overall crypto market, we may see Verge reach new heights. Furthermore, the optimistic Verge price forecast for 2022 is $1.5. Meanwhile, our Verge price estimate for 2022 is positive.
Also read: Ethereum Classic Price Prediction for 2022, 2025, 2030
