Verge (XVG), which has gained a significant boost and momentum after agreeing with Porn Hub, is currently experiencing the worst days of the last period. Verge, which has gained a serious momentum especially after the announcement of the agreements and cooperation they have done, is now facing a serious correction. Today, Verge has lost 3.68 percent, is currently trading at $ 0.057 .
In the past few days, KOON has been one of the harshest reactions to the correction of the market, especially Bitcoin, and has lost its place in the top 25 with a serious drop in its total trading volume.
Verge is currently ranked 28th in front of the ZRX.
Crypto money analyst Dharan, who talked about the decline that can be counted in the market during these periods, said:
“This seems like a uniform fall as the price is below the moving average, there are a lot of traders in the market who are selling. There is an observation in the RSI as the prices dropped out of the blue. Currencies like XVG, XRP, and XLM saw a massive blow”
Dharan stated that even as an investor, he did not expect such a fall in this timing and amount, he said that he started to take out almost all the cryptographic money market. Noting that Verge’s very serious commercials and PR work, Dharan explained the dimension of the decline.
Another noteworthy statement from Abra , a well-known stock exchange platform, that Monero (XMR), Verge (XVG), NEO and several other cryptocurrencies will be listed as well as the XVG’s other crypto money installations. It was the opening of the road that you could take. But when it came to the news that XVG would first be turned over to Bitcoin, some people who protested Abra’s decision expressed their reaction through social media platforms.
Heidi, a Twitter user, used the following expressions:
“Who in the world is gonna use an exchange that won’t let you withdraw altcoins? C’mon!
In Reddit, the subject was discussed quite often. A reddit user; saying that all these news and declines are manipulation, he said he would be cautious and would not sell the Verge in his possession. Another Reddit user who supports the user saying that the price will not be known when the upgrade will go through is as follows:
“Next week is Consensus 2018. Major news sources are saying it’ll probably result in another 75% price rise like last year. If I were a whale and I saw the market tanking, I’d join in in the hopes of lowering the price even further to buy back in lower prior to the event.”
