Introduction
In 2014, Justin Saneroc realized that Bitcoin is a cryptocurrency that could never be the digital asset that can be used every day. This thought led to the creation of the cryptocurrency Verge. Initially, it was launched with the name DogeCoinDark. It was the cryptocurrency that provided safety and security to the users and their transactions by making them untraceable.
This decentralized open-source cryptocurrency leveraged the Wraith Protocol along with Tor to encrypt the IP address of the user and hide the transactions. The developers did not hold an ICO for the coin and used a branch from the Bitcoin blockchain and, using their own money, mined the first set of coins themselves. TOR and i2P were added in the blockchain to allow the make the transactions anonymous to the internet.
Note: Verge consists of a transparent ledger that allows everyone to view all the transactions, but at the same time, it claims that the user data, identity, and locations are not exposed because of integrating Tor.
Currently, XVG is trading at $0.00371 with strong resistance at $0.00390 with immediate support at $0.00370. The cryptocurrency has seen an increase of 1.39% in the past 24 hours, indicating the increase in the adoption of the crypto coin. However, the coin sits at the 74th position with a market cap of $60,603,076 as it is slowly climbing in the charts.
What is the Verge (XVG Coin)?
With a transparent ledger that allows anyone to view the transactions but protect the user identity and locations, Verge is a decentralized open-source cryptocurrency that offers anonymous transactions. It does so by encrypting the IP address of the users using TOR, which makes it difficult to trace the other user.
Verge is well-known across the globe after it decided to team up with Pornhub in 2018, allowing users to pay with XVG coin for the premium subscription of the website. Verge is among the cryptocurrencies that face the least fluctuations in the market as compared to others. Verge is an open-source project, and the XVG community actively participates in the network, helping the developers make decisions regarding new feature implementations.
The Origin of Verge Coin
In October 2014, Verge cryptocurrency emerged from nowhere as DogeCoinDark. The very process of establishment of the Verge cryptocurrency went through a lot of confusing paths, including its name.
Surprisingly, one month before the launch of the cryptocurrency, another project named DogeCoinDark was launched that based its code off PPCoin, Bitcoin and NovaCoin.
The Verge was launched as a privacy-focused crypto asset to keep transactions anonymous and untraceable. Verge allows its users to make either public or private blockchain transactions. Verge, however, doesn’t make use of cryptography like other cryptocurrencies.
Note: The coin was rebranded from DogeCoinDark and was renamed Verge in February 2016.
XVG Price Prediction & It’s Partnerships
Cryptocurrency forayed its grounds into the porn industry by making smooth transactions via its platform, anonymously. XVG price prediction or Verge price prediction exists because of the partnerships and collaborations that took place, like,
Pornhub Partnership
Verge partnered with the adult entertainment enterprise MindGeek, which enabled users to use the Verge coin or the XVG coin for making payments for buying adult content from the Pornhub and Brazzers. It was regarded as one of the most significant crypto adoption cases by different industries.
German Bank Partnership
Verge closed a partnership deal through the payment platform TokenPay, with the German bank WEG Bank AG which led to considerable demand and, consequently, a surge in XVG’s value by over 22%. Through its partnership, both plan to launch the highly anticipated debit cards, which will allow Verge users to make card payments like the regular bank debit cards.
Advantage of using Verge:
- Focused on user security and privacy
- virtually untraceable
- implements advanced blockchain techs like TOR and i2P
Verge (XVG) Market Data
Verge was created in 2014, and initially, it was called DogecoinDark. Verge (XVG) is an open-source privacy-centric cryptocurrency with a team of international developers. Currently, the market capitalization of the cryptocurrency is $67,882,940, with a 24-hour trading volume of over $2,400,000. The coin has a total circulating supply of 16,165,643,159 XVG, with a total supply of over 16 billion XVG.
Note: Verge is ranked 77 among all cryptocurrencies that are trading in the market.
Verge XVG Fundamental Value
The cryptocurrency’s developers created a branch from the bitcoin blockchain and mined the first coin themselves. Unlike other cryptocurrencies, there was no ICO to launch DogeCoin dark. The developers of the cryptocurrency focused on providing anonymity and confidentiality to the users. Instead of creating new technology, developers used the existing bitcoin blockchain and made some changes.
Note: The developers added TOR and i2P to the blockchain project.
Different mining algorithms
Verge XVG uses five different types of algorithms to mine cryptocurrency.
The five algorithms are:
- Scrypt
- X17
- Blake2s
- Groestl
- Lyra2rev2
Block Masters is a popular Scrypt pool that adds transparency to mining efforts and payouts. Some other Scrypt mining pools include Zpool, Aikapool, and BSOD.PW and there are more than seven mining pools for the Groestl mining algorithm.
Verge price history
DogecoinDark was launched back in October 2014, and its price remained $0.000006 till April 2017. Initially, the total market capitalization of the cryptocurrency was only around $20,000. The coin started gaining momentum in late 2017 when the developers managed to increase the market capitalization of Verge using their own funds and investments from interested companies.
Note: The cryptocurrency reached its all-time high at $0.26187 on 24th December 2017.
Verge (XVG Coin) Price Prediction by market
1. Wallet Investor
Wallet Investor is among the best crypto market analysis websites, and this time, they have predicted that the price of XVG might reach $0.05 by the end of 2019. They believe in the coming years; the price will rise by 2-3%.
2. Coin Fan
This site has predicted that the price of XVG will be highly bullish and might reach $0.172 by the end of 2019. For 2020 they believe that the price can reach $0.45 to $0.61 by 2020.
3. Trading Beasts
Trading Beasts is another platform that has predicted the price of XVG can reach $0.05 by the end of 2019. The prediction is achievable and bullish.
4. Digital Coin Price
This price prediction platform has predicted that the price for the Verge coin can reach $0.0257 by the end of the year 2019. This prediction is again bullish and achievable.
5. Cryptoground
This platform has provided analysis and predictions for the price of XVG, and their forecast is bullish as they believe the price might reach $0.01507 by the end of 2019.
Coinnounce’s Verge Price Prediction
The cryptocurrency market is volatile, but Verge, however, is less volatile as compared to other cryptocurrencies making it a better investment for the early investors as it involves less risk. The price predictions can never be accurate as the prices keep changing every day, depending on the trading volume.
Verge Price Prediction 2020
The demand for the coin has increased after the terrible decline, and it is slowly gaining popularity in the market again as the price is going upwards again. The trading volume has increased as well, and 2020 can expect the demand to grow, reaching high prices, so the prediction looks bullish for 2020.
The developers are working on Wrath protocol, which will help the platform to hide all details from the transactions, which can help in attracting more users. The price for XVG is predicted to reach $0.100 and $0.250 in 2020.
Note: The platform can process about 100 transactions per second, which are quite impressive for a new cryptocurrency. Verge works on the PoW protocol.
Verge Price prediction 2025
The coin will gain more popularity in the coming five years, and this increase in the user base will improve its position in the market as the market cap will increase. Verge has been moving in the direction of partnerships with various companies since to help in its promotion.
The analysts believe that the price of the Verge will be bullish for the year, and the coin might reach the levels of $0.640 by the end of 2025. This surge in the price will be profitable for the old investors as XVG can be considered as a long term investment instead of a quick earning method.
Note: Verge has recently updated its website and has started offering language translation, which will help in worldwide adoption.
Verge Price Prediction 2030
Over the years, the market for the altcoins will notice a significant increase as people have already started moving in the directions of altcoins. This shift is being made due to lower fluctuations risk, low price of a single unit, and the potential the market sees in the new projects.
Being an altcoin, 2030, maybe a crucial year for XVG as the price of the coin might increase further. According to the trends, the prediction says that the price of XVG will reach $1 to $1.5 by the end of 2030. This shift can also improve its reputation in the market.
Note: Verge is planning to launch Ring Confidential Transactions on its platform to completely hide the transactions making them secure and discrete.
Verge Price Prediction 2018
Verge was new in the cryptocurrency market, and it had just started gaining popularity as the trading volume increased. The price went up as the year just ended on a bullish note, and it entered 2018 with a price of $0.1567.
The price was predicted to reach the levels of $0.50 and $1 by the end of the year 2018, but the bullish trend soon ended for all the cryptocurrencies, including Verge. The price started declining, and the predictions failed as the price reached $0.0074 by the end of the year 2018. The decline continued for a while, taking the price further lower for the coming year.
Note: XVG is also planning to create an online merchandise store with Netcents, where they will offer their products for the community. These will be bought by Verge and Bitcoins.
Conclusion
Verge has come a long way in the past few years, proving its worth to the market and gaining attention from investors while competing with other cryptocurrencies and altcoins. The cryptocurrency was introduced to help the users to make crypto transactions without revealing their identity, and the platform is continuously working to improve their services.
