The Verge community is all abuzz with the expectations of an incoming rally. Halving is about to happen in a matter of days, and the price has been consolidating for a while. With all this in mind, let’s take a look at Verge price prediction for 2020 and beyond.
- 1 What is Verge Currency?
- 2 Verge price history
- 3 What can influence the XVG price?
- 4 Verge Price Analysis
- 5 Verge price prediction in 2020
- 6 Verge price prediction a year from now
- 7 Verge price prediction for 2021–2024
- 8 Verge price prediction for 2025
- 9 Verge Price Prediction for 2030
- 10 ChangeHero’s Verge Price Prediction
- 11 Disclaimer
What is Verge Currency?
Verge Currency is a cryptocurrency with optional privacy functionality. Launched in 2014 as Dogecoin Dark, it was rebranded later in 2016 as Verge Currency. Since then it has secured a few significant partnerships and introduced several game-changing technical updates like the Wraith protocol that enabled stealth transactions.
For more information on the origins and history of Verge Currency, you are welcome to read our Beginner’s Guide on XVG.
Verge price history
Verge Currency, or Dogecoin Dark at that time, was launched without a premine or ICO. Basically, this means that the Verge coin’s price started at zero. Only in early 2015, its price solidified to a threshold above $0.00001 USD a piece. Anyway, at the start of its journey, XVG’s price was volatile and would often rise to $0.00002 but then go back to $0.00001. More than a year later, in February 2016 its first bull market began and took the XVG price up to first $0.0009 and then, in March, to $0.000211. This is certainly tied to the rebrand to Verge Currency. The 2000% increase over three months, however, would not go without correction, so the XVG price was back to $0.00002–$0.00003 levels by June.
In the following years, Verge coin price would see another bull market, an even more impressive than the previous. Up until the spring of 2017, it would be traded on the same levels as in 2016, but in April the XVG price started to gain incredible momentum. By the middle of the month, Verge coin’s price had more than doubled, and in May it was already five times the opening price at $0.001673. But it was only upward from there and until the end of 2017. The current ATH was observed on December 23, 2017, when Verge was worth $0.300588.
Coincidence or not, just before the crazy 2700% pump, John McAfee made a tweet that endorsed privacy coins such as Monero, Zcash and less known at the time Verge Currency. This was not the last time he would talk about it, but over a few weeks his statements became more bearish on the coin, as he denied ever making crazy predictions such as $15 for 1 XVG. McAfee’s tweets could hardly be responsible for the sudden price spike but, for all we know, they might have accelerated both the rise and fall of the price of XVG.
2018 was the year when Verge Currency became known as the partner of Pornhub. The announcement was surrounded by mystery up until the end, so there was a lot of hype going on around the coin, especially in March and April. During these months, Verge coin’s price significantly added in value, from $0.03 to $0.111 on the day of announcement. Sadly for Verge HODLers, this rally was not meant to last, and for the rest of the year it was losing value.
2019 opened with 1 XVG being worth $0.006851. In the first half of the year, it was showing promising results, almost doubling by May, when it was worth $0.011559 at peak, but this, too, had to switch with a bear market. The downtrend took the XVG price down to $0.003263 by September, 2019, and since then, it has mostly been trading sideways.
At the very beginning of the year, Verge was being traded for $0.003. With the rest of the market, it experienced a bullish trend early in the year, reaching $0.005696 in mid-February, but then the consequences of the global pandemic caught up to the XVG’s price, too. On a bright side, its fall was not as sharp as with some other currencies, and the recovery did not take too long. The May and June spikes correspond to the announcements of MeconCash and MobiePay partnership announcements respectively. In the first case it was an increase by 25%, and the June rally amounted to a 70% increase in just a week.
At the moment of writing, the price of one XVG is $0.007415. The circulating supply is 16,319,642,743 XVG and the total market capitalization of the currency is $121,002,335.
What can influence the XVG price?
A programmed event when the miner reward for mining a block is reduced in half is usually just called “halving”. This is a mechanism to keep the issuance rate deflationary first introduced in Bitcoin. Miners are compensated in the long run with the increased value of their mined coins.
Generally a bullish event, halving is by no means a guarantee of the increase of price. For smaller cap coins it can even result in a mass miner flight, as the coin will no longer be profitable to mine for a while, while the expenses stay the same. For Verge, the July’s halving will be the 11th, since the block issuance rate is high in this blockchain.
Verge Currency faces serious competition with other privacy coins, especially considering Verge has both innate and opt-in privacy features. It all hinges on the success of Verge team’s technical updates and improvements that will make Verge coin more competitive. Rootstock, for one, can make a huge difference to the utility, and therefore, value of the network, increasing its throughput and versatility by enabling smart contracts.
This would not surprise anyone that all cryptocurrencies strive to become the digital money for the masses. For that, they need partners and solid use cases. Verge’s strength is in scoring partnerships that are unique and exclusive, giving it an edge in comparison to its competitors. For Pornhub, Verge is the cryptocurrency of their choice that passed a strict selection procedure. For MobiePay, Verge is the launch partner, meaning both of them will be spearheading adoption among the ecosystem’s users.
Verge Price Analysis
Kryptomoney experts state the MobiePay announcement as the reason for the most recent upward movement. It renewed this year’s high but consolidation followed suit. According to this analysis, this consolidation is healthy, given the circumstances, and the next level to look out for is at $0.0079.
FXStreet traders support the same sentiment about the place of resistance level and come to the conclusion that Verge price is finally seeing a consistent uptrend after being traded sideways for months on end.
Traders on Twitter share their analyses and predictions as well. @TeamCoreBit’s tweet illustrates how a breakout occurs, implying the same will happen with the price of XVG by the time the halving occurs. If this XVG price prediction comes true, we will see a new high for 2020 at the very least.
User @KaminoCrypto applies Elliott Wave theory to the current Verge price movement to make an XVG price prediction. The theory is mostly based on recurring patterns but also accounts for investors’ sentiments. Through a cycle of increases and corrections, they speculate, Verge coin’s price will ultimately rise over $0.014 within a month.
Verge price prediction in 2020
Crypto Rating XVG price prediction: $0.012843
This XVG price prediction is quite bullish. At the moment of writing, it projects a whopping 82.51% increase by the end of 2020, which will take the price of a single XVG up to $0.012843.
Captain Altcoin XVG price prediction: over $0.235
Julian Joseph Lehmann from the Captain Altcoin team is not of the best opinion of Verge fundamentals but after evaluating some other predictions and the community involvement, he concludes that Verge has a good chance of staying relevant in 2020 and even nearing its current ATH of $0.235.
Verge price prediction a year from now
Gov.capital XVG Price Prediction for 2021: open $0.0588, close $0.0335
As we can see from the graph that is built on algorithmic predictions by Gov.capital, the best time to sell high would come at the very end of 2020, when the Verge price can reach $0.064746–$0.066054. From there on, Verge coin price will devalue quickly, just like it did in 2018. Should the same pattern really occur, 2021 will open with XVG at $0.0588. Exactly a year from the moment of writing, Verge is projected to cost $0.0214, which is an almost 200% increase from the current price. Closing price for 2021 will be slightly higher, $0.0335 for a Verge coin.
Verge price prediction for 2021–2024
WalletInvestor XVG Price Predictions: bearish
2021: open $0.0414, close $0.02095. Maximum price of $0.0728 might be reached in January, and from there, the coin will devalue sharply, recovering only by the end of the year but ultimately losing half of its value.
2022: open $0.0227, close $0.00214. A very similar pattern to the previous year, with the difference that the maximum price will be $0.0557. The total decrease will also be sharper and over the year, Verge is projected to cost ten times less than at the beginning of 2022.
2023: open $0.00160, close $0.000515. The toughest year for the Verge coin in terms of price out of the years we’re looking at because the earnings decline is estimated to be -90.432%.
2024: open $0.000510, close $0.000692. In mid-2024 the maximum prices are expected to reach $0.001 occasionally but without sudden pumps, and the general trend for this year seems to be sideways trading.
Verge price prediction for 2025
DigitalCoinPrice XVG Price Prediction: $0.032295
In this site’s prediction, the algorithm estimates that in 2025 the XVG price will be up from 114% to 363% from now based on the current price history. The start of the year will see great fluctuation, but by the end of it, the XVG price will overcome a $0.03 threshold and start changing hands for more than that. The highest monthly average is supposed to be observed in November, when it will amount to $0.032295.
Coinnounce XVG Price Prediction: $0.64
Coinnounce experts, based on a variety of existing predictions and different methods, conclude that in five years, Verge Currency might be worth $0.640. Increasing popularity and new partnerships will further propel Verge coin to the limelight and attract capital. By that time, the overall supply of XVG is expected to be mined almost completely, so the overall value of coins will keep increasing.
Verge Price Prediction for 2030
Coinnounce XVG Price Prediction: $1–1.5
In that same article, ten years from now, they speculate, Verge might be worth more than $1 for the same reasons: limited supply, community support, developing partnerships and adoption.
ChangeHero’s Verge Price Prediction
Verge Currency in 2020 defies the expectations of being pegged to Bitcoin. The performance, especially in the last month, proves that it can experience trends of its own, influenced by the events in the community and development. The ChangeHero team can conclude that Verge is here to stay and depending on the market movements score new all-time highs. In case you are as confident in Verge as we are, feel free to get yourself some XVG with cryptocurrency on ChangeHero — easy, with no hassle and lightning-fast!
This article does not constitute financial or investing advice. No price prediction or forecast is guaranteed to provide exact information on the future price. Past performance is not indicative of future results.
When dealing with cryptocurrencies, remember that they are extremely volatile and thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investitions in cryptocurrencies only after careful consideration and analysis and at your own risk.