Key Points
- Privacy-focused coins see a renewed interest, and Verge (XVG) is definitely a part of this trend.
- Verge’s token XVG managed to rise in price by more than 50% in the past 24 hours, and it’s currently trading at $0.014 on CoinMarketCap.
- The current total market cap of XVG is just a little above $231 million.
Verge (XVG) privacy coin saw a significant price rise of over 50% in the past 24 hours. XVG is trading in the green on CoinMarketCap, and at the moment of writing this article, XVG is priced at $0.014.
The coin managed to surge by more than 110% in the past seven days. The current total market cap of XVG is just a little above $231 million.
Also, its YTD stands at 238%, highlighting a positive outlook for the upcoming months.
The overall crypto market is currently seeing increased volatility just ahead of the Bitcoin halving, which is scheduled to take place on April 20.
The XVG token continues to display a strong bullish sentiment by recording a significant uptrend in valuation, highlighting a switch of interest among investors.
Verge privacy-focused blockchain
Verge is a decentralized blockchain and crypto that prioritizes privacy and anonymity for its users.
Built on the principles of enhancing the original Bitcoin (BTC) blockchain, Verge incorporates additional privacy features, such as integrating the anonymity network Tor into its wallet, vergePay, and providing the option of sending transactions to stealth addresses.
Verge uses a public blockchain for transaction auditing but offers one-use public addresses (formerly known as the Wraith Protocol) to keep transaction details hidden. This ensures that only the recipient can identify the sender.
XVG was launched in 2014 under the name DogeCoinDark (a fork of Dogecoin) and it was rebranded to Verge in 2016.
Verge aims for fast and efficient transactions with Simple Payment Verification (SPV) technology. The project faces competition from other privacy-focused coins like Monero and Zcash.
CoinMarketCap recently announced that they have received reports from the Verge team that withdrawals are impeded on Yobit.
