Join Our Telegram channel to stay up to date on breaking news coverage
July has proven to be a great month for Verge (XVG) as it continues to demonstrate impressive gains, with a substantial 334% increase in value.
With back-to-back listings on major exchanges and a focus on privacy and security, Verge shows no signs of slowing down.
This makes it a cryptocurrency to watch in the current market.
XVG Back-to-Back Listings Generate Excitement
Verge has witnessed a flurry of listings across prominent exchanges such as Houbi, Binance, SuperEx, and Giottus. This has driven its prices higher this week. Huobi announced the introduction of XVG/USDT perpetual futures trading on July 6, 2023. This opened up new avenues for traders to speculate on Verge’s price movements.
In a similar move, Binance added XVG as a borrowable asset on its Isolated Margin platform on the same day.
SuperEx’s listing of the XVG/USDT perpetual contract trading pair on July 6, 2023, further extended Verge’s reach and accessibility. This presents traders with additional options to engage in perpetual contract trading.
Additionally, Giottus, another exchange, has welcomed XVG, highlighting its compelling use case and emphasis on user security-focused cryptocurrency.
The impressive surge in XVG’s value this week could be attributed to these back-to-back listings by popular exchanges.
XVG (Verge) Shows Promising Growth Potential, According to CompareMarketCap
According to the data provided by CompareMarketCap, it is suggested that if XVG (Verge) were to attain the current market capitalization of Litecoin (LTC), its price would surge to $0.46. This remarkable potential price increase indicates a significant growth potential, as it implies a 60-fold return on investment.
Such a comparison highlights the favorable prospects for XVG in terms of market capitalization and price appreciation. This insight may attract the attention of investors who seek opportunities for significant returns. As such, it presents a favorable outlook for XVG, positioning it as an attractive investment option.
Privacy-Focused Cryptocurrency with Decentralized Security
Verge is a digital asset that prioritizes privacy and security for its users. It was launched in 2014 and has gained popularity for its focus on anonymity and decentralization. With Verge, no central authority controls the platform, ensuring independence and resistance to censorship. This makes it appealing to individuals seeking financial autonomy and freedom from external interference.
At the core of the Verge ecosystem is its native cryptocurrency, XVG, which serves multiple purposes. These include making payments, transferring funds, and storing value.
Users can quickly and securely send XVG directly to each other across the Verge network, enabling fast transactions.
To ensure the security of the token’s holdings, Verge offers a range of wallet options.
These include software wallets, mobile wallets, and even hardware wallets that keep private keys offline. This provides an extra layer of protection.
Verge (XVG) Price Analysis
The four-hour chart of XVG/USDT demonstrates the prices following an ascending trendline, indicating a positive trajectory. The cryptocurrency has experienced a remarkable and continuous 334% increase in value since the commencement of July. This highlights a substantial growth pattern.
Furthermore, the technical indicators provide additional insights that support the notion of potential further gains. The Relative Strength Index (RSI) currently stands at 61, indicating a favorable outlook for additional upside movement.
Moving near the overbought region, the RSI suggests there is still room for the crypto pair to experience upward momentum.
It is worth noting that the MACD indicator reflects some downward pressure, with the histograms remaining below the zero line. This observation might be attributed to a temporary price correction within the context of the prevailing bullish trend.
Such corrections often indicate the strength and resilience of the upward trend rather than signaling a complete reversal.
The substantial gap between the 50-day Exponential Moving Average (EMA) and the 100-day EMA further reinforces a strong bullish trend.
This discrepancy between the moving averages underscores the persistent buying pressure and implies that prices will likely continue their upward trajectory.
Considering these factors collectively, it is reasonable to expect that the XVG/USDT cryptocurrency pair may witness further gains in the near future.
The ascending trendline, impressive value increase, and supportive technical indicators all contribute to a positive outlook, suggesting potential for continued upward movement.
While VXG shows signs of further upside, some investors who believe they have lost the buying opportunity might consider another project with similar growth potential.
Promising Alternative to VXG
Ecoterra is a blockchain ecosystem that facilitates user rewards and drives company action against climate change. It offers an all-in-one Recycle2Earn app encompassing recycling tokens, ecology actions, and marketplaces for recycled materials and carbon offsets.
With a focus on empowering companies and rewarding consumers, Ecoterra provides a comprehensive solution for sustainability and environmental impact.
Ecoterra Enters Final Presale Stage
Ecoterra has reached its final presale stage ending in 5 days. The presale offers a unique opportunity for individuals to participate in an eco-friendly digital project.
Ecoterra aims to combine blockchain technology with sustainable initiatives to create a greener future.
The project successfully raised $5.9 Million until now. The funds raised through the presale will support developing and implementing eco-conscious solutions.
Only five days of presale are left, which means $800K will be required to complete the target of $6.7M.
Ecoterra is providing presale investors with a 10% token bonus to add further value to the offering. This means that for every $ECOTERRA token purchased, 10% will be added to their holdings, amplifying their investment potential.
Ecoterra Ranks Seventh on Gems Radar’s List of Top 10 Best Gems
Today, Ecoterra achieved the seventh position on Gems Radar’s esteemed list of the top 10 best gems, determined through community votes.
This notable ranking is a testament to the increasing support and acknowledgment that Ecoterra has gained within the blockchain community.
The inclusion in this list underscores the project’s potential and appeals to investors who prioritize eco-friendly endeavors.
Also Read:
- Binance And Coinmerce Collaborate In The Netherlands For Smooth Asset Handover
- Billionaire CEO of Galaxy Digital Plans to Move Some U.S. Staff Overseas, But Won’t `Flip The Middle Finger’ at SEC
- Exodus of Senior Managers From Binance ‘No Cause For Concern,’ Says CZ
Most Searched Crypto Launch - Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards - pepeunchained.com
- $40+ Million Raised at ICO - Ends December
Join Our Telegram channel to stay up to date on breaking news coverage
