It has been a while since cryptocurrency traders and enthusiasts openly discussed Verge. While this altcoin still has a very loyal following first and foremost, there hasn’t been much exciting Verge price action either. That situation may come to change following the current momentum, as an unexpected price change has taken place all of a sudden.
Verge Price is on Fire Once Again
It is always interesting to see how different cryptocurrencies respond to a bullish Bitcoin price run. Whereas most of the alternative markets have come under significant pressure all of a sudden, it would appear Verge is going in the opposite direction. A rather remarkable turn of events, primarily because it has been a while since anyone got excited about Verge’s value. That may come to change once the price surpasses $0.01 again, assuming that will effectively happen.
Over the past few hours, the Verge price has shot up like a rocket. Following a strong 7.54% gain in USD value, one XVG is now priced at $0.009136. There is also a 2.62% gain in XVG/BTC< which is perhaps the biggest surprise of them all. Most altcoins lose a lot of value in BTC terms, yet it seems Verge is more than capable of effectively doing the exact opposite. Very interesting developments worth keeping an eye on.
The big news of the week is how Verge now has an official iOS wallet capable of supporting transactional privacy through the Tor network. This is widely considered to be a major development for this particular altcoin. It is unclear how much it influences the XVG price right now, but rest assured the hype may allow this momentum to carry over until the evening or even tomorrow. The push to $0.01 might become even more interesting in that regard, although there is no guarantee for success.
The #Verge #iOS wallet is built to respect your transactional #privacy by routing your wallet connection via the @TorProject.
The wallet is now available for download on all @Apple iOS devices running iOS 11.4 or newer!
Link:https://t.co/ljjaoAJUxO#VergeFam #XVG $XVG pic.twitter.com/uCwibFJddJ
— vergecurrency (@vergecurrency) April 23, 2019
Some traders even go as far as offering Verge-related advice pertaining to which levels to keep an eye on. CryptoWolfTeam expects the 160-165 Satoshi range to be great to buy XVG at this time. The current value sits in between these levels as of right now. Whether or not it will hit the sell area of 190 Satoshi or slightly higher, is a different matter altogether. Anything is possible in this volatile industry.
#XVG buy 160 – 165 Sell area 190 – 200 pic.twitter.com/zqHqyu0gja
— CryptoWolfTeam (@cryptowolfteam) April 23, 2019
For those who are looking for a quick buck without holding onto Verge for too long, there is a triangular arbitrage opportunity which can yield some big profits. Although it involves a few different currencies, it eventually comes down to flipping the obtained XVG on Bitbns to maximize one’s profits. Options like these are always worth exploring in the cryptocurrency industry, even when the overall Bitcoin momentum is bullish.
Hurry! 30.59% triangular arbitrage considering volume in #ODE via #Bitfinex. If you buy #ODE in #BTC market from #Livecoin and convert it to #XVG in #Bitfinex and sell it on #BitBns.
— KoinKnight (@KoinKnight) April 23, 2019
All things considered, it would appear Verge is making some sort of a minor and potentially temporary comeback all of a sudden. Whether or not there is any long-term momentum to keep an eye on, remains somewhat questionable right now. Even so, it is good to see at least one market move up when Bitcoin is bullish, as other markets tend to struggle significantly in this regard.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.