Verge (XVG) Price Prediction 2023-2030: Will XVG Price Hit $0.013 Soon?

• Bullish XVG price prediction ranges from $0.0077 to $0.013.
• Analysis suggests that the XVG price might reach $0.0030.
• The XVG bearish market price prediction for 2023 is $0.0014.

Verge (XVG) Market Overview

What is Verge (XVG)?

Verge is a privacy-focused cryptocurrency and blockchain that seeks to offer a fast, efficient, decentralized payments network. As such, it improves upon the original Bitcoin blockchain and aims to fulfill its initial purpose of providing individuals and businesses with a fast, efficient, and decentralized way of making direct transactions.

The improvements include additional privacy features which integrate the anonymity network Tor into its wallet, called vergePay. Furthermore, it provides the option of sending transactions to stealth addresses.

As per its “blackpaper,” Verge was created as a way to fulfill Bitcoin founder Satoshi Nakamoto’s vision of a decentralized, trustless electronic payment system while also providing more privacy than is available with Bitcoin. Hence, to accomplish this criterion, Verge relies on a series of key privacy features.

It anonymizes the traffic and masks IP addresses and routes all traffic to and from its vergePay wallet through the Tor network. Furthermore, it also offers dual-key stealth addressing, wherein senders can create one-time wallet addresses on behalf of recipients to help protect the recipients’ privacy.  As well as they could use atomic swaps to power trustless peer-to-peer cross-blockchain transactions.

Analysts’ View on Verge (XVG)

Verge ranked first among the top gainers by gaining approximately 143% within the past 7 days according to CoinMarketCap. Additionally, it too captured the fourth position among trending crypto.

Verge (XVG) Current Market Status

Verge has a circulating supply of 16,520,252,125 XVG coins, while its maximum supply is  16,555,000,000 XVG coins, according to CoinMarketCap. At the time of writing, XVG is trading at  $0.008119 representing 24 hours increase of 6.25%. The trading volume of XVG in the past 24 hours is $74,467,143 which represents a 0.99% increase.

Some top cryptocurrency exchanges for trading XVG are Binance, LBank, Bitget, Bybit, and BingX.

Now that you know XVG and its current market status, we shall discuss the price analysis of  XVG for 2023.

Verge (XVG) Price Analysis 2023

Currently, Verge (XVG) ranks 165 on CoinMarketCap. Will XVG’s most recent improvements, additions, and modifications help its price go up? First, let’s focus on the charts in this article’s XVG price forecast.

Verge (XVG) Price Analysis – Bollinger Bands

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time).

The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average. When the bands widen, it shows there’s going to be more volatility and when they contract, there is less volatility.

When Bollinger bands are used in a cryptocurrency chart, we could expect the price of the cryptocurrency to reside within the upper and lower bounds of the Bollinger bands 95% of the time. The above thesis is derived from an Empirical law.

The sections highlighted by red rectangles in the chart above show how the bands expand and contract. When the bands widen, we could expect more volatility, and when the bands contract, it denotes less volatility. The green rectangles show how XVG retraced after touching the upper band (oversold).

Currently, the gaping Bollinger bands signify that there is very high volatility in the market. The Bollinger band width (BBW) indicator gives a reading of 2.51, an unprecedented value in the recent past of XVG price fluctuation.

It could be noted that after continuously testing the upper band, XVG seems to have retraced and fallen back within the bands. If XVG fluctuates conventionally, it may seek support at the Simple Moving Average. Based on XVG’s past behavior, we could expect the price to fall within just a few days of the SMA.

As such, those looking to enter a short position may need to consider entering the market to make the maximum. This is because the BBW indicator pointing downward suggests that this volatile situation will fade away soon, as such intra-day traders and scalpers may need to make hay when the sun shines.

Verge (XVG) Price Analysis – Relative Strength Index

The Relative Strength Index is an indicator that is used to find out whether the price of a security is overvalued or undervalued. As per its name, RSI indicators help determine how the security is doing at present, relative to its previous price.

Moreover, it has a signal line which is a Simple Moving Average (SMA) that acts as a yardstick or reference to the RSI line. Hence, whenever the RSI line is above the SMA, it is considered bullish; if it’s below the SMA, it is bearish.

Currently, the RSI in the overbought region reads a value of 72.24. However, the RSI is just below the signal, hence, it could be considered bearish. Moreover, the RSI Tops and Bottoms indicator which measures the divergence in the tops in the overbought region and the bottoms in the oversold gives a signal that the present top is invalid.

This means the XVG lose value in the coming days. As such, traders anticipating to sell XVG may need to consider having their stop-loss close to 75.32 or 79.64, as shown in the chart. This is because in case the price rises up once you have set your short position, there’s enough room for it to oscillate before it continues falling back.

Since XVG is still in the overbought region despite crossing under the Signal, it may continue to abide in the overbought region, as long its price is above $0.002586, (Crossunder Overbought). However, once, XVG crosses below the bull zone, it may test the bull zone once again as at previous times. This may ward off sellers, who have a tight stop loss, this could reverse the downward price movement of XVG in the upward direction.

Verge (XVG) Price Analysis – Moving Average

The Exponential Moving averages are quite similar to the simple moving averages (SMA). However, the SMA equally distributes down all values whereas the Exponential Moving Average gives more weightage to the current prices. Since SMA undermines the weightage of the present price, the EMA is used in price movements.

The 200-day MA is considered to be the long-term moving average while the 50-day MA is considered the short-term moving average in trading. Based on how these two lines behave, the strength of the cryptocurrency or the trend can be determined on average.

In particular, when the short-term moving average (50-day MA) approaches the long-term moving average (200-day MA) from below and crosses it, we call it a Golden Cross.

Contrastingly, when the short-term moving average crosses the long-term moving average from above then, a death cross occurs.

Usually, when a Golden Cross occurs, the prices of the cryptocurrency will shoot up drastically, but when there’s a Death Cross, the prices will crash.

Whenever the price of cryptocurrency is above the 50-day or 200-day MA, or above both we may say that the token is bullish. Contrastingly, if the token is below the 50-day or 200-day, or below both, then we could call it bearish (triangle section).

Currently, XVG is above both the EMA’s as such it could be considered bullish. Moreover, since both moving averages are titling upwards, XVG is bullish in the short and long term. The golden cross seems to have produced this exponential rise for XVG.

In the event that XVG crashes, it is intuitively understood that it may seek support at the 50-day EMA. However, based on the observation made in the historic behavior of XVG, it could be noted that the 50-day EMA has been more of a resistance than a support level.  

Verge (XVG) Price Analysis – Elder Force Index

Elder Force Index is an indicator that was invented by Alexander Elder, who was an entrepreneur. The indicator mainly uses two parameters to adjudicate the buying and selling force and thereby predicts the market trend. In particular, it relies on price change and volume. As such the strength of the buying force or selling force is dependent on either the price change or the volume.

Whenever the EFI is greater than zero, or positive, we could say that the trend is bullish, as there is more buying pressure. However, when the EFI is in the negative zone, we could say that the cryptocurrency is in the negative zone and the selling pressure is more.

Moreover, the Elder Force could also be used to figure out trend reversals and breakouts. For instance when the EFI is making lower highs while the cryptocurrency is making higher highs, then we could say that this is a bearish divergence.

However, in the event that the cryptocurrency is making lower lows while the EFI is making higher lows, then it is a bullish divergence represented in the chart.

Currently, the EFI reads a value of 11.084M. However, since it is facing downward, there is a high probability that the EFI could keep reducing. This thesis could be supported by the Bear-Bull-Power indicator which shows that the bears are gaining control of the market with a value of 0.003606. This value could edge closer to zero and if it crosses the zero mark, then the bears will have total dominance over the market.

Verge (XVG) Price Prediction 2023-2030 Overview

Verge (XVG) Price Prediction 2023

When considering the chart above, it could be seen that XVG was trading inside a falling wedge since May 2023. Once it broke out of the falling wedge, it rose exponentially surpassing a conventional breakout.

For instance, as per the best practice of trading the falling wedge, it is an accepted norm to have the take profit by transposition the height of the wedge at its early stage, at the breakout point. Had it been a conventional breakout XVG could have reached Support 1 at around $0.006129 but it went above $0.01.

Since the spike seems to be over it’s likely that the XVG could be moving downwards in search of support. As such, XVG may settle at support 1. However, Support 1 has been a stronghold for XVG, hence, it may crash to Support 2 at $ 0.002967. In the event that Verge rises, traders may expect it to reach Resistance 1 at around $0.0129.

Verge (XVG) Price Prediction – Resistance and Support Levels

When considering the chart above (June 2021-May 2022), the initial price loss of XVG highlighted by the red triangle shows how XVG tested the 1:2 Gann line as it slid along it. However, after this phase of losing value, XVG started to gain value before once again losing value. This time it resorted for support from the 3:1 Gann line.

Currently, it could be seen that XVG has received support from the 1:1 Gann line. As such it may slide along the 1:1 Gann line and reach Support 2 if Support 1 fails to hold up.  However, in the event that the bulls empower and help XVG gain value, it may find support at the 3:1 Gann line which has been a strong support as shown in the previous chart above.

Verge (XVG) Price Prediction 2024 

There will be Bitcoin halving in 2024, and hence we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. However, the year of BTC halving didn’t yield the maximum XVG based on the previous halving. Hence, we could expect XVG to trade at a price not below $0.00911 by the end of 2024.

Verge (XVG) Price Prediction 2025

XVG may experience the after-effects of the Bitcoin halving and is expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, XVG will continue to rise in 2025 forming new resistance levels. It is expected that XVG would trade beyond the $0.032221 level.

Verge (XVG) Price Prediction 2026

It is expected that after a long period of bull run, the bears would come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, XVG could tumble into its support regions. During this period of price correction, XVG could lose momentum and be way below its 2025 price. As such it could be trading at $0.018121 by 2026. 

Verge (XVG) Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. However, that excitement has not been reciprocated in XVG. As such, we could expect XVG to trade just below its 2026 value at around $0.016895 by the end of 2027. 

Verge (XVG) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, XVG may reciprocate its past behavior during the BTC halving. Hence, XVG would be trading at $0.023336 after experiencing a considerable surge by the end of 2028. 

Verge (XVG) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market would gradually become stable by this year. In tandem with the stable market sentiment, XVG could be trading at $0.044244 by the end of 2029.

Verge (XVG) Price Prediction 2030

After witnessing a bullish run in the market, XVG and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, XVG could be trading at $0.04055

Verge (XVG) Price Prediction 2040

The long-term forecast for XVG indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point. 

If they start selling then XVG could fall in value. It is expected that the average price of XVG could reach $0.083731 by 2040.

Verge (XVG) Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, XVG could hit $0.125545

Conclusion

If investors continue showing their interest in XVG and add these tokens to their portfolio, it could continue to rise. XVG’s bullish price prediction shows that it could reach the $0.013 level. 

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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