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Verge (XVG) Going Above MA200 4H, Do You Trust Me By Now?XVGBTC (Verge) is now moving above the MA200 black line, this opens up the potential for strong bullish action. We have a very solid setup here for XVGBTC. The real action is yet to start, so much room available for additional growth. The MACD is now above zero and trending up strong. The RSI is ultra-high which is also really good. I've marked the next two targets on the chart with light green dashed lines. Above MA200 we are strongly bullish. Below it, we get some more consolidation but ultimately we remain bullish. We switch to bearish only if prices move and close below the red dashed line at the bottom of the chart. Thanks a lot for reading. Remember to hit LIKE! Namaste.
XLong
by AlanSantana
19
24.3.2021 - Verge (XVG / BTC)Hi Traders! Today we will trade a well-known cryptocurrency - Verge. It is known especially from 2017 when in a short time its price increased compared to bitcoin by 4,000% . Since then, however, he has not shown much and is basically only declining. I certainly wouldn't recommend holding Verge, and like UMA (in the previous analysis), it's just short-term speculation. On the chart, we can see 3 basic cycles - growth from 2017, followed by a significant decline and finally consolidation. On the weekly chart, we can create a trend line that we have already overcome. The increased trade volumes at the bottom of this structure also work well. That is the reason why I am devoting myself to XVG today because in their absence it would mean that no one is interested in Verge even at this price level. The BK indicator lies below the chart, is ready for growth and also forms strong support. I would set the targets to 138 and 255 satoshi. By going for higher goals, means that the trade can last 2-3 months. I would set stoploss to the current low - in our case to 16 satoshi. This is a low stoploss and you can lose a lot of capital, but on the other hand, we can also gain a lot. I would certainly not trade this trade on leverage, especially due to fees and the risk of liquidating the position. It can take several weeks and we would risk more loss. Trading on leverage is ideal for fast trades for a few hours. May the crypto be with you!
XLong
by DolleroTechnology
2
🔥 XVGBTC 🔥 +300%What Is Verge (XVG)? Verge is a privacy-focused cryptocurrency and blockchain that seeks to offer a fast, efficient, decentralized payments network that improves upon the original Bitcoin ( BTC ) blockchain. It includes additional privacy features including integrating the anonymity network Tor into its wallet, called vergePay, and providing the option of sending transactions to stealth addresses. The project describes itself as community-driven, relying on volunteers and priding itself on being open source. Verge was first launched in October 2014 as DogeCoinDark, a fork of Peercoin ( PPC ). In February 2016, it was renamed Verge in order to rebrand for easier mass-market adoption and to distinguish itself from Dogecoin (DOGE), with which it has no direct connection. The project is now based on the Bitcoin source code. Who Are the Founders of Verge? Verge was launched in 2016 by Justin Valo , also known as "Justin Vendetta" or "Sunerok," a developer with over 20 years of experience in network security and nearly a decade in blockchain technology. He first developed the cryptocurrency as a fun passion project to empower individuals around the world with a greater sense of privacy. Valo has stated that he has been programming since the age of 8 and became involved in network administration after high school, working for a Fortune 500 company. After a few years, he decided to start his own network security company. Valo first became interested in Bitcoin in 2011, later getting involved with Dogecoin after its late 2013 launch. He began working on Verge because he believed that none of the altcoins being developed at the time were adequately functional as digital currencies and that the only other serious privacy coin projects --- Bytecoin (BCN) and Monero (XMR) --- were not sufficient. In 2017, Valo was appointed to the advisory board of TokenPay (TPAY), a privacy-focused cryptocurrency. What Makes Verge Unique? According to 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 . In order to accomplish this goal, Verge relies on a series of key privacy features. It automatically routes all traffic to and from its vergePay wallet through the Tor network, anonymizing the traffic and masking IP addresses. It also offers dual-key stealth addressing, through which senders can create one-time wallet addresses on behalf of recipients to help protect the recipients' privacy, as well as using atomic swaps to power trustless peer-to-peer cross-blockchain transactions. Verge seeks mainstream adoption, and as such, the Verge Core team pursues strategic partnerships to increase its awareness and use. It sponsors professional athletes and has partnered with platforms such as payments and rewards ecosystem MobiePay, crypto payments platform and ATM provider MeconCash, and blockchain-based online gambling platform Crazy8Token, among others. The Verge Core team often relies on crowdfunding and community support to be able to scale, market and pursue partnerships. In April 2018, the project raised 75 million XVG (approximately $7 million at the time) to cover the costs of integrating with a major payments processor.
XLong
by MiguelFTCurado
2
Verge seems to be Undervalued and Good for Investment 24/02/2021Verge (XVG) is a decentralized open-source cryptocurrency which offers various levels of private transactions. It does this by obfuscating the IP addresses of users with Tor and by leveraging stealth transactions making it difficult to determine the geolocation of its users. Verge Currency has a maximum supply capped at 16,5 billion XVG. It uses the Proof of Work (POW) mining principle with multi-algorithm support and 5 different hash functions: Scrypt, X17, Lyra2rev2, myr-groestl and blake2s. Verge Currency was created in 2014 and originally named DogeCoinDark. It was rebranded to Verge Currency in 2016. Following the bitcoin principle, Verge Currency has a transparent ledger that allows anyone to view all of its transactions, but protects user identities and locations. This was achieved by integrating both Tor to not expose IP addresses and using stealth transactions, formerly known as Wraith Protocol, to hide the value of transactions. In April 2018, it was announced that the adult entertainment provider MindGeek would begin accepting Verge Currency as a payment option on its website network. Also during April and May 2018, Verge Currency suffered from timestamp exploit on one of its 5 mining algorithms. This could have resulted in a 51% attack if it had only one algorithm. as of now we can have up to 4 TPs for this coin and it seems to be very promising as an investment alternative and worth of reweaving and researching more on its fundamentals...
Long
by BitonGroup
10
Verge (XVG) Looking Good Short-Term (Targets)Here is another one that looks great short-term, that's Verge vs Bitcoin (XVGBTC). As we have been seeing today, the MA200 line has been conquered, which means that prices closed and stayed above this level. We can also appreciate high volume as this level was being conquered. The RSI and MACD are now also bullish and strong. We are going to 54 satoshis followed by 66 and then some more... Thanks a lot for reading. Thanks a lot for your continued support. Namaste.
XLong
by AlanSantana
16