Great News For Verge (XVG) Crypto Holders Today: Resurgence in price with massive 31% increase with the updates and new announcements

The Crypto market has started increasing again for the last a couple of days. The Verge XVG coin has also seen a big increase before the last quarter of the year.

Verge privacy functionalities and its everyday usability seem to be driving the digital asset to the world and the rising adoption has continually impacted positively on the price gains. This is among the very few coins that combine privacy, decentralization, efficiency and fast transactions in the crypto-sphere.

Demand for private transactions is on the rise and this is one major reason why AnycoinDirect has chosen Verge to provide the missing link between crypto and fiat privacy. As the crypto verse appears to be moving in unison, Verge XVG coin seems to be among the gainers of the day. The market adjustment could not have come at a better time as XVG tries to go for mass adoption.

Verge (XVG) Rises By 30% in a day as “Alt-Season” in Q4 Approaches

The rise in Verge Currency in the past few days comes as no surprise as the whole market faces a resurgence in price. The privacy coin saw its price increase to $0.018643 USD, representing a massive 31% increase in the last 24 hours. The coin has however, had a rough year as the partnership with Mindgeek was heavily criticized by various sections of the cryptocurrency community and the platform facing various 51% hacks on mining. With August troubles gone in the cryptocurrency universe and a fresh air of gains here with September, we look at the blessing of the ‘alt-season’ on Verge currency.

Verge (XVG) Price Today

Name Price24H (%)
Bitcoin (BTC)
$10,946.07
-0.17%
Verge (XVG)
$0.004462
2.43%

Verge to reach $0.1 during ‘alt-season in Q4?
“After the summer holidays in July and August ends, real work begins in September” – this was the sentiment of one Twitter user on the state of cryptocurrencies for the past two months. The world of cryptocurrency has seen a strong bullish momentum on the first day of September following the sharp fall in prices experienced in June, July and August.

The ‘alt-season’ is here with us as September commences. This is a period when smaller cryptocurrencies gain rapidly in price during a given period of time. The past 24 hours has seen the total market capitalization surpass $240 billion mark, representing a 6% day gain which is very positive to the crypto communities.

Rise in the altcoin market
During the Bull Run witnessed at the end of 2017 and earlier this year, the smaller altcoins were gaining at a ferocious pace compared to the well – established tokens. Verge was one of the coins to join the “alt-season” as the coin hit an all-time high in December at $0.30 USD across some exchanges. The coin has however had it tough during the year as it experienced a huge fall in price after the Pornhub partnership and successive 51% attacks on the blockchain.

In previous years [especially during the massive bull run in 2017] altcoins have been the biggest gainers and this should signal hope for XVG. As we approach the last quarter of 2018, pundits and experts expect to see a massive entry in the cryptocurrency market as buyers shake off the summer mood.

Low price of XVG is a blessing
After the huge fall in price of XVG earlier in the year, the coin dropped in the market capitalization rankings from 14th to 40th within some days. The coin has since seen a boost in its price as the cryptocurrency market is experiencing a bullish reversal.

The low price of XVG provides a cheap option to an investor to acquire a number of privacy coins. If the market starts to rally as we saw in 2017, XVG will stand to benefit as most investors look for a cheap option to purchase. With the price at $0.01 USD, it is easier for the coin to hit 100X gain to $1 than the larger cap coins.

With the Verge Foundation working hard to erase the reputation damage experienced from the FUD spread on XVG, and the continued partnerships, the market resurging will prove to be the Chemical X in pushing XVG’s price towards its all-time high price once again.

Latest Verge (XVG) News Updates and Developments

Verge [XVG] releases developer updates; Verge to Bitcoin Core version 0.13 rebasing completed

On 1st September, Verge [XVG] tweeted the recent development updates of the team on their official Twitter handle.

In a Medium post, Core Developer Swen van Zanten stated that the team has begun work on the Insight API client. The client will be used to communicate with hosted Verge nodes.

Further, Zanten mentioned that Insight API client which is built particularly for Bitcoin by BitPay, can now be used with Verge. The upcoming codebase of Verge will be fully compatible with Bitcoin.

The API clients will be set up as individual packages each specific for one programming language. By making it language specific and modular, the team intends to contribute to open source projects, he stated.

He went on to state that the package will be available for download on their GitHub page under MIT licences. The packages will be published for TypeScript, Swift & Java initially. However, the packages will share a similar API definition, eliminating the need for users to learn 3 different APIs.

In the blog, the developer also posted screenshots of interfaces created for TypeScript and Swift version. The team has been working on the Insight API as it is a requirement for their upcoming iOS, Android and Desktop wallet.

The team also announced that their code rebasing is in its final stage. Zanten reveals that the team has finished rebasing Verge to Bitcoin Core version 0.13. Moreover, the team will move into concentrating on Bitcoin Core version 0.17.

Explaining what rebase means, he stated:

“Anyone can fork Bitcoin Core, change a few lines of code, and have a new coin. Since Verge has been around for a while, and we have our differences, the challenge has been to merge those differences onto the latest Bitcoin Core.”

Zanten claims that features like Tor, multi-algorithm, stealth addressing, are the things that distinguish Verge from Bitcoin Core.

Moving further Zanten mentions that the team has also been working on Wallet Keys. The Wallet keys have been created structurally. Through this, the team aims at covering commonly used cases regarding handling user funds.

The team has integrated the hierarchical structure of the wallets into their library which will allow easy managing of wallets by self. This feature will allow users to distribute their funds into multiple accounts and chains, he concluded.

Verge (XVG) Listed on AnycoinDirect and XVG Fiat Trading Possible

As the jittery market continues to show positive recovery strides, Verge (XVG) is among the gainers for the last 24 hours. Major coins and select altcoins are showing an upward momentum with the overall market volumes beginning to climb. The Verge family has every reason to smile as they anticipate a series of straight lines in the charts in the coming days.

The nervous market dip experienced two days ago appears to be ebbing away and set to usher in new heights. The market has shown a slight dip from $233billion recorded on 29 August to the current $231billion and with the current corrections, the next few days might see a short term breakout and Verge (XVG) is set to be among the highest gainers.

Good News for Verge Coin Holders

Anycoin Direct has announced addition of Verge (XVG) and traders can buy and sell the coin. With the new support, it is now possible to sell XVG and the proceeds deposited directly into your bank account. Anycoin is a Europe based crypto exchange and has become popular hub for traders looking for a seamless and frictionless trade between digital currencies and fiat money.

The XVG visibility is on the rise given that traders can now trade their XVG directly with the Euro and other listed fiat currencies on the Anycoin Direst platform. The beauty of the exchange is that it supports direct payments and they do not actually hold any user funds. However, users have rated the service provider as a reliable one that fast and respected.

In a short tweet through their official twitter handle, AnycoinDirect said:

While making the announcement to the VergeFam, a Verge Core team member, Arend wrote:

“#VergeFam, we are happy to announce that Europeans can now buy $XVG directly with $EUR on @anycoinDirect! Anycoindirect is one of the biggest European exchanges for #cryptocurrency. Buy your XVG now on http://AnycoinDirect.eu #XVG#Verge#CryptoCurrency#crypto#FIATtoXVG”

The listing of Verge Coin has seen a lot of positive reaction with fans optimistic that the move was long overdue AKshay, a software developer and crypto enthusiast based in Bangalore in India added support for the move saying:

“After #indians, now its #europians, who can purchase verge with native fiat currency. #XVG”

Increased Verge (XVG) Popularity and Price Gains

Verge privacy functionalities and its everyday usability seem to be driving the digital asset to the world and the rising adoption has continually impacted positively on the price gains. This is among the very few coins that combine privacy, decentralization, efficiency and fast transactions in the crypto-sphere.

Demand for private transactions is on the rise and this is one major reason why AnycoinDirect has chosen Verge to provide the missing link between crypto and fiat privacy. As the crypto verse appears to be moving in unison, Verge XVG coin seems to be among the gainers of the day. The market adjustment could not have come at a better time as XVG tries to go for mass adoption.

The last 24-hour period has seen the Verge (XVG) price get a spike of 6.63% to the dollar to trade at $0.015161. With reduced volatility in the market, no extra ordinary gains are anticipated from Verge Coin. The coins’ off and on movement between green and red will remain prominent early September.

Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.