The cryptocurrency space looks to be approaching its recovery phase, and analysts, as well as traders, are rejoicing with forecasts that claims brighter days are ahead for crypto investors.
Verge (XVG) looks unsung in the crypto market but the privacy-oriented cryptocurrency is not left behind in the present crypto market growth phase as XVG records about 60% growth in just one month. Beyond the expectation of many within the crypto ecosystem, Verge displayed impressive performance recently.
According to the data extracted from ICO Analytics, Verge (XVG) presented the best performance among all privacy-oriented cryptocurrencies in the month of June. Above any other privacy coins, Verge (XVG) presented about 60% growth performance last month.
PIVX and ZEN followed XVG with 22% and 8% respectively. Beam recorded 2% performance in the month of June while other cryptocurrencies had a negative performance.
OneUp Asia, a crypto monitoring and research platform, also unearthed the impressive performance of XVG in the market last month.
The crypto monitoring platform revealed that of all cryptocurrencies which has major events ahead, XVG displayed the best performance within a month, even ahead of the likes of Cardano, TRON, and Zilliqa.
Verge (XVG) which awaits its halving event ahead, on July 13 to be precise, presented 58% growth in a month, while Cardano and TRON which as at then, await Shelley and TRON 4.0 release respectively, presented just 11.1% and 0.9% performance respectively.
For quite some time now, Verge (XVG) has been printing steady growth in the market, but many seem unaware probably because of the position of the coin on the market table (70th).
According to Coincodex, Verge (XVG) recorded the 23rd best performance in the one month among all cryptocurrencies in the crypto ecosystem.
With 26% growth month-to-date, Verge (XVG) is ranked the 23rd best-performed cryptocurrency on the crypto market table.
Verge (XVG) Intraday Price analysis
At press time a unit value of XVG is priced $0.006548 against the US Dollar, having registered -4.65%.
The last few days, especially in the month of July, hasn’t been quite beautiful for Verge (XVG). However, Verge (XVG) was remarkable in the month of June, in terms of growth. On June 17, Verge (XVG) surged massively upward, reaching a monthly high of $0.0097.
However, Verge (XVG) value has dropped since and has been unable to reprint the high figure. At present, the cryptocurrency holds a strong support around $0.005 and its next resistance is $0.0075.