Verge (XVG) Price Analysis: Will the Price Of Verge Continue Its Downslide?

• Verge (XVG) price will take a long time to recover as seen from the weekly price chart

Verge (XVG) is a popular coin on the blockchain platform which has been severely hit by the current crypto market volatility. The bears have been continuously on the move for the past week with the prices continually in the downward range. The XVG community has not been able to take any decisions though Verge has great growth prospects. The short-term looks bleak for XVG with the weekly price fluctuating in the range of $ 0.0054 – $ 0.0065.

Latest Statistics of XVG

As on July 31, 2019 at 5:38:17 UTC, current statistics is as below:

• Current market price of XVG is $ 0.0057
• Current rank is 72
• Current market cap is around $ 90,583,688
• 24 h volume is at $ 783,506 
• ROI is at a great > 9000 % and Circulating supply is at a sound 15,852,770,439 XVG

Verge Price Analysis

The 7-day chart shows a narrow and flattish price fluctuation for XVG with the bears pushing the price in the lower range. On July 24, the price was at $ 0.0055. In a matter of 8h 10m, the price rose to $ 0.0061 to the extent of 10.47%. With the bearish sentiment in full swing, the price went down to $ 0.0057 on July 25 in a span of 19h 50m to the tune of 5.66%. In 1d 15m on July 26, XVG price had a good rally to the extent of 15.19% with the price rising to $ 0.0065. From there the bears took control totally with the price sliding down to $ 0.0055 on July 28 within 2d 2h 15m to the extent of 15.94%. The price has gone up slightly today by 3.64% at $ 0.0057. The trend shows the bears are still holding the market and expected to be going strong.

Analysts feel that the current bearish sentiment will continue for Verge for the short-term. Verge is expected to recover in the medium term and the price is expected to touch around $ 0.01 by the year end.

Conclusion:

Long term investors should consider the future potential of Verge and invest for the long term. Short-term investors may not gain much in the current crypto market volatility as the bears are going strong.