As a consequence of crypto explosion of 2017, the crypto market is brimming with different coins these days. Later, an ICO trend caused tons of startups to appear with their own coin and offer it to investors.
As huge investors and traders were caught up in a crypto fever, many were seeking to purchase any coin. Although, many of them were weak projects or scams, there were also number of legitimate coins, or even rather good.
Verge (XVG) is an example of a coin that was considered to be quite sensible at the time, with a huge potential in front of it. It didn’t hold an ICO, though, and it appeared as an open source project.
Let’s take a look at Verge price prediction for the nearest future…
Introduced in 2014, with its original name of DogecoinDark by Justin Sunerock. Verge (XVG) is an open-source privacy coin operated by a group of international developers. It uses the anonymity tool Tor and an anonymous network layer I2P to conceal specific transaction’s locations and IP addresses.
The transaction speed on Verge is nearly 5 seconds due to the use of Simple Payment Verification (SPV). The Core QT wallet has integrated with TOR and SSL encryption which hides the IP addresses of users. The rise of the Wraith Protocol upgrade allows users to privately transact across the Verge blockchain with stealth addressing services.
Moreover, users can reportedly switch between public and private and ledgers on the Verge blockchain. It provides five different Proof-of-Work algorithms for mining – Lyra2rev2, Scrypt, X17, blake2s and myr-groestl.
Attacks on Verge (XVG)
The first huge trouble with the mining occured in April 2018, when attackers altered block timestamps and forced the system to use the same algorithm. As a result, the mining difficulty dropped, and they were able to knock a new block every second. This is called time warp attack, and Verge experienced 3 of them overall.
Recently, Verge had an update on February 15th, in which developers stated that miners were facing difficulties in setting up mining environment due to insufficient timestamps in Coinbase transactions.
XVG Price Prediction for 2019
Few crypto experts and traders claim that, XVG is in the ‘bullish’ zone, which refers that investors believe in its potential, and their contribution makes the coin rise in price.
XVG, as 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 in this year.
According to megacryptoprice, Verge will rise to $0.169428 in a year, which adds 1,100 percent to the present value.
Verge coin price prediction on Wallet Investor is less optimistic, users hope it to reach $0.02.
Facebook is more assured with its forecast $0.07. The website states XVG will grow to $0.039 in a year.
According to Coinfan, later, in 2020, we can observe a significant growth of Verge price, it can rise from $0.1 to $0.45.
Wallet Investor claim that Verge price may reach $0.06 in 2020. .
Verge Price Today
With the Market Cap of $97,026,300 USD and a huge circulating supply of 15,172,086,051 XVG coins, Verge sells for $0.006395 USD. XVG is on the 51th place in the rating of world cryptocurrencies. It is available on various exchange platforms, so you can easily buy some coins.
New developments in Verge
According to the head of marketing and operations, Verge team, have disclosed a patch which has also been released on Github. However, they were quite fast to mention that it might take some time for them to get the changes across.
Till now, the XVG has resembled the bearish run of the crypto market as it continues to slide down the pecking order. Additionally, Verge XVG’s present ranking is a long way from its position when reports revealed that it was partnering with Pornhub. Thus, the development team is looking for latest methods to fast-track the mass adoption of XVG.
To sum up, is Verge a worthy investment? Although it’s difficult to give any certain forecasts, this crypto coin assures to grow. Slowly but steadily! Therefore, if you are ready to wait for 2 to 3 years to get revenue, invest right now. Verge is one of the crypto pioneers in the niche of private transactions, so should definitely retain its position.
Verge Price Prediction 2019 – What Is The Future Of Verge?
Verge price prediction for the upcoming years. What is the verge coin price prediction for the year 2018? What is the price of verge?