This post will focus on the Verge (XVG) price prediction in more detail.
The blockchain industry and cryptos deliver customer-friendly solutions in terms of privacy, security, and accessibility. The Verge blockchain is an example of such a platform that ensures privacy and an efficient decentralized payment option that adds value to the existing Bitcoin blockchain. Verge provides the option of sending transactions with the utmost transparency, privacy, and security for customers, making their lives easy with Verge Pay.
Then let’s start and take a closer look at this cryptocurrency and find out what crypto experts are saying about its future outlook. Hopefully, after reading this comprehensive guide concerning the Verge (XVG) price prediction, you will have a better understanding of the Verge and whether it is a project with the potential to rise to the top or not.
What Is Verge (XVG)?
As mentioned earlier, the Verge project creates a decentralized, secure electronic payment system while simultaneously enhancing privacy. Verge is not just designed to be more anonymous than Bitcoin; it can perform much better as well! For instance, Verge can process on average 100 transactions per second, while Bitcoin can only manage seven. Moreover, Verge can process a transaction every 30 seconds, but Bitcoin needs 10 minutes! Then, in short, Verge is much faster, private, and more scalable than Bitcoin and Bitcoin cloud mining. It is also much cheaper to send a transaction too. On the whole, these characteristics make Verge a better global payment system than Bitcoin. Verge uses two approaches – Tor and I2P – to meet connection anonymization.
For building mass awareness, Verge sponsors professional athletes and has collaborated with platforms such as the payments and rewards ecosystem, including MobiePay, crypto payments platform, and ATM provider MeconCash.
The Verge network is based on a proof-of-work (PoW) consensus algorithm, and it supports five different mining algorithms (Namely, Scrypt, X17, Lyra2rev2, myr-groestl, and blake2s) with significant privacy. It means miners can mine XVG in five different ways. They are all based on proof of work. However, some favor ASIC hardware while others are GPU compatible or lighter. This multi-algorithm approach benefits greater decentralization as multiple algorithms mean many different types of crypto cloud mining rigs can participate in XVG mining.
The XVG coin provided security and privacy to users, giving them a safer cryptocurrency for their transactions. The Verge developers did not hold an ICO, used a branch from the Bitcoin Blockchain, and mined the first set of XVG coins themselves with their funds. There will be 16.5 billion XVG, with 9 billion mined in the first year (2014) and 1 billion every year after that. All well-known exchanges like Binance, Huobi Global, Gate.io, BKEX, Bitfinex, etc., have XVG on their list.
Who Are the Founders of Verge?
Verge was founded in 2014 by Justin Valo, more popular as “Justin Vendetta” or “Sunerok.” He has more than 20 years of experience in network security and nearly a decade in blockchain technology. When the project first started, it was called Dogecoin Dark. However, the founder decided to change it in 2016 as it sounded like a coin associated with crime. The project is entirely open source and community-led, as there is no company or foundation behind Verge. The core team signed Verge’s black paper with only their usernames. The community is well committed to privacy, anonymity, and decentralization.
Justin Sunerok decided to build the Verge because he felt Bitcoin wasn’t anonymous enough. Therefore, he designed a blockchain that would allow people to send and receive funds privately. For example, in sending a transaction with Bitcoin, although the public address does not indicate who owns it, it is possible to find other information, such as historical transactions, details of who sent and received the funds, and account balances. Nevertheless, Verge hides all of this information, making every transaction completely untraceable.
The Verge team is working on a protocol that will hide every part of the transaction except the sent amount. That’s cool.
XVG Price History
From 2014 to 2016, the value of XVG remained at about $0.000005 per coin. After the rebranding from Dogecoin Dark to Verge in February 2016, XVG rapidly increased from its average of $0.000005 per coin to $0.00001 (meaning a %100 increase). The highest 2016 price of XVG happened in April, where it reached $0.000227.
The XVG Price Chart from the beginning to 2017
In the early months of 2017, the value of XVG continued to rise slowly. This growth was partly supported by a new black paper from the Verge team, explaining what they planned to do in the future. It was late 2017 when the value of XVG took off (along with many other cryptocurrencies)! In essence, the entire cryptocurrency market experienced huge gains. In the first three weeks of December, the price of Verge went from $0.005 up to $0.14, showing a %2,700 increase! However, after the record heights of late 2017, XVG dropped in price.
The Verge (XVG) Price Rise in the Late 2017
XVG Price Performance from 2018 to 2021
The price of Verge continued to decline until mid-March 2018, where it hit lows of $0.02. This crash means if you bought $1000 worth of XVG in late December, your investment would now be worth only $80. A complete failure.
The Verge team is well known for spreading false information about new partnerships and developments, leading to much speculation. For example, in March 2018, Verge tweeted that a “Mystery Partnership” would be announced on March 26, 2018. Nevertheless, this tweet was later postponed. At first, this good news caused the price of Verge to rise quickly, reaching the heights of $0.11 in 2018! However, later the price dropped again after the postponement.
Many believed the Verge cryptocurrency to be dead as the price remained relatively constant since the 2018 crash. However, XVG has succeeded in nailing a growth rate of over +360% in the past year. At the beginning of 2021, the price rallied high, keeping the bull run hopes alive. According to Pick, A Crypto Verge (XVG) has a good chance of visiting the $0.15 to $0.30 in 2021 if the current trend continues and the team continues to work on their products and partnerships.
The XVG Price Performance in 2021
XVG Price Prediction in 2021 and Onwards
Always keep in mind that the cryptocurrency market is very volatile. Thus, it is impossible to make a crypto price prediction for cloud miner websites with complete certainty. However, we will do our best to gather the most recent forecasts made by reliable platforms to answer the question of whether it is good to invest in the XVG coin or not?
WalletInvestor XVG Price Prediction
According to the WalletInvestor forecast system, XVG is a profitable long-term (One-year) investment. Therefore, if you look for virtual currencies with good returns, XVG can be a beneficial investment option. Based on their forecasts, a long-term increase is expected. Thus, their XVG price prediction for 2026-10-24 is $0.118. With a 5-year investment, the revenue is expected to be around +429.15%. As such, your current $100 investment may be up to $529.15 in 2026.
Short-term XVG Price Prediction
Long-term XVG Price Prediction
As shown in the graphs above, there will be a positive trend in the future, and the XVG might be a suitable option for investment. The XVG price can increase from $0.0223 to $0.0414 in one year. The long-term earning potential is +85.55% in one year. Since this virtual currency has a positive outlook, they recommend it as a part of your portfolio.
TradingBeasts XVG Price Prediction
The platform thinks that the XVG price prediction is likely to be $0.0294281 by the beginning of November 2021. The expected maximum price is $0.0367852, and the minimum value is $0.0250139. By the beginning of December 2021, Verge is expected to reach $0.0295101. The predicted maximum price is $0.0368876, and the minimum cost is $0.0250836. Then, according to their forecasts, the Verge price is going to increase in 2021. Now, the Verge price is $0.0223685, but by the end of 2021, it is expected to be $0.0295643.
The XVG Price Prediction for 2021
The Verge price is forecasted to be $0.0295643 by the beginning of January 2022. The XVG will be at least $0.0231351 by the end of 2022. Hence, the platform thinks that the Verge price will also increase in 2022.
CryptoNewsZ XVG Price Prediction
Verge is one of the open-source protocols that work on the blockchain with tremendous transaction speed, security, and privacy. So massive adoption shall gain momentum, pushing the trading price of XVG to $0.040 in 2021. Under the best scenario, XVG’s price may cross all barriers reaching $0.054. On the downside, bears may take the Verge price to $0.045, but later, it may recover up to its next resistance level by the end of 2022 as per XVG price prediction.
The solid fundaments and mass adoption can take the XVG coin to a much higher price. If the drive for functional crypto continues into 2023, the price may even see a paradigm rush. In 2023, the Verge cryptocurrency price may cross its primary resistance level around $0.060 if it sustains the bullish trend. Even the XVG price might cross the $0.070 mark as per the crypto prediction in 2023.
The XVG price prediction is likely to be $0.092 in 2024. Keeping in mind that all factors play safe and fortune of the digital asset takes a favorable turn, the Verge (XVG) price can rise to the level of $0.10 in 2025. The current long-term trend shall continue to drive the Verge price upward to $0.12 in 2026. Then based on fundamental and technical analysis, this digital asset is a good investment. In the long-term, the XVG coin might hit $0.130 in 2030.
Digital Coin Price XVG Price Prediction
XVG Price Prediction from 2021 to 2028
As shown in the graph above, the platform predicts that XVG will be $0.0337529416 in 2021. Moreover, XVG price will reach ($0.0391933879) in 2022, ($0.0466714045) in 2023, ($0.0537287015) in 2024, ($0.0680686078) in 2025, ($0.0772907044) in 2026, ($0.0888209889) in 2027, and eventually ($0.1016283247) in 2028. Then, the lowest price of XVG will be up to $0.0907553006, and its highest price will be up to $0.1085666762. Therefore, Verge (XVG) prices will increase according to their predicted data. In short, XVG is a profitable investment based on forecasting. According to their technical analysis data, the coin reflects a promising future.
Gov Capital XVG Price Prediction
According to their historical data, the asset price has been in an uptrend in the past year. Therefore, they believe that this asset is suited as a new addition to your portfolio as trading in bullish markets is always a lot easier. The XVG price is predicted at $0.035238053617282 (representing a %66.217 growth) after a year. It means that if you invest $100 now in XVG, your current investment may be worth $166.217 on October 28, 2022, and it is good news for investors and cloud miners.
XVG Price Prediction for 2021
Long-term XVG Price Prediction
XVG Price Predictions are generally encouraging and optimistic. Also, the Verge team recently announced good news regarding a partnership with Token Pay and a German bank. It can be a positive sign for XVG. The new partnerships will increase the demand for XVG and drive its price higher in the market. Moreover, the Verge team is developing a new protocol for their blockchain, called Rootstock. Once this is implemented, it will allow the blockchain to facilitate Smart Contract technology. If it comes true, XVG can become the first privacy coin that enables Smart Contract technology. Achieving anonymous Smart Contracts would be an essential milestone for the crypto sector.
On the other hand, Verge has powerful competitors such as Monero, Dash, and ZCash. It means that if either of them performs well, it could negatively affect the price of XVG. Therefore, it makes sense to wait a bit more and see what happens with the plans, partnerships, and the development of its Rootstock protocol.