Verge Price Prediction – How High Will XVG Price Reach in 2021?

This 2021 Verge (XVG) Price Prediction article is based on technical analysis alone. Below, you will see the key measures that we have taken into consideration to come up with our XVG price analysis and prediction.

Verge (XVG) is one of the cryptocurrencies that surprised the crypto world at the beginning of the year. Interestingly, XVG has succeeded in nailing a growth rate of over +360% in the past 12 months. As a result, XVG is now one of the most talked-about virtual assets in the crypto world. With all these achievements, we can say that XVG is a cryptocurrency with a lot of potentials.

There are many cryptos that spiked this 2021 bull run. In contrast, some crypto had a downtrend. Therefore, many cryptocurrency traders and investors are confused about whether it is time to hold for a good price or sell their digital assets. This might be the same scenario for some XVG traders and investors.

Moreover, the crypto market is consolidating lately, and most cryptos are losing their previous gains. Is the scenario the same with XVG price? We’ll find out shortly in this XVG price analysis 2021 article. But first, let’s have a look at what XVG is.

What is Verge (XVG)?

Verge is a privacy-focused digital asset and blockchain that seeks to offer a fast, efficient, decentralized payment network that improves upon the original Bitcoin (BTC) blockchain.

Furthermore, it includes additional privacy features including integrating the anonymity network Tor into its wallet, called vergePay. In addition, Verge provides the option of sending transactions to stealth addresses. The project is community-driven, relying on volunteers and priding itself on being open source.

Now that we have an idea about what Verge is, do you think XVG will be profitable Crypto in 2021? Join me and let’s take a look at some charts in this XVG price analysis and XVG price prediction.

XVG Current Market Status

XVG is one of the most aggressive virtual assets in the crypto market today. In fact, crypto was able to record a huge growth rate of over +360% in the past year. For this reason, XVG has become one of the most talked-about digital assets in the crypto world.

In terms of its market standing, the crypto positions itself as one of the top 150 cryptocurrencies in CoinGecko. As a result, XVG market capitalization rose to almost $391 million with a 24-hour trading volume of $46.5 million. Indeed, this market status of crypto attracts global investors around the world.

Furthermore, XVG has a current circulating supply of 16.47B XVG. Currently, the top cryptocurrency exchanges for XVG are Binance, Huobi Global, HitBTC, Gate.io, and Bitfinex.

Now that you already have an idea about what XVG cryptocurrency is, do you think XVG is a good investment this year? If you are already excited to know, come, and together let us check this XVG price prediction and price analysis article.

Verge Price Analysis 2021

Recently, XVG held 136th place on CoinGecko. But will the recent upgrades and changes in the blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this XVG price prediction article.

In the chart above, which is set in a daily time frame, we can see the Descending Triangle pattern. This is an important indicator since XVG has been showing bearish over the past month. Consequently, the descending triangle pattern hints that XVG will finally go bearish

In the foreseeable future, we can say that XVG has a higher chance of going bearish than bullish. As shown above, at the beginning of this month, XVG turned from its bear to bull trend. This is the result of the high trade volume that occurred in that period.

The Relative Strength Index (RSI) is at 64.62, which means that XVG is in a nearly overbought state. However, this may lead to a price reversal at any given time. Therefore, crypto traders must trade wisely and must not be affected by the market hype. With this in mind, traders must be careful to avoid unexpected losses due to the crypto market’s wild swings.

Let us also look at the Exponential Moving Average (EMA) and the Simple Moving Average (SMA) of Verge.

Since the start of 2021, XVG’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by consolidation, fluctuations and corrections right away. Taking this into consideration, XVG has a competitive market this 2021.

XVG Price Prediction 2021

As shown below in this XVG price forecast chart, in a smaller time frame, XVG has shown a bullish uptrend.

The above Verge price forecast shows that XVG displayed a consolidation trend. In ideal cases, this might even push the XVG price to a bullish state. More so, in the short-to-mid term scenario for our 2021 XVG price prediction, XVG has to break past the Fib retracement level at $0.068. To do this, it has to establish more support at the Fib level at $0.0558. If not, bears may gain the upper hand and drag Verge to their territory.

XVG Price Prediction 2022

If XVG moves in a bullish trend, Verge will reach $1.5 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $1.8. Then this rise will slow down, but no major falls are expected. With upcoming partnerships, and developments reaching $1.5 is quite optimistic in the price point of view but undoubtedly feasible for the near future. This indicates that Verge has a high possibility of reaching a new ATH soon.

XVG Price Prediction 2023

The price of Verge can move even great heights, however reaching $2.5. Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency Verge breaks past the psychological resistance level.

XVG Price Prediction 2024

As per the latest upgrades, developments, Verge price prediction, and new project forecasts of the platform the price surges. Moreover, this might boost the price of Verge in the crypto market, and it will be the best investment as the price can spike and reach around $3.5.

XVG Price Prediction 2025

In the next four years, Verge prices could race up to $5.75. However, reaching this level could not be so difficult for Verge as additional medium, short-term, and long-term price targets could be found to purchase or sell orders.

Conclusion

Verge seems to have a great future ahead in 2021. With the ongoing developments happening within the Verge ecosystem, as well as in the overall crypto market, we may see Verge reach new heights.

Even more, the bullish Verge price prediction in 2021 is $0.068. Meanwhile, our long-term Verge price prediction 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $0.26 this year. However, that will only happen if it breaks the previous number of psychological resistances. It may even reach $1 if investors continue to side with Verge this year along with mainstream cryptocurrencies like Bitcoin and Ethereum.

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Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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