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XVG (Verge) Coin Analysis 13/04/2021We have analyzed this Coin earlier and allotted it some funds. We are updating the Publication as we have achieved the 1 and 2 Targets. Fundamentals: 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. 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. The Verge network is secured through a proof-of-work consensus algorithm similar to that of Bitcoin, on which Verge's code is based. At least 51% of all full nodes in the network must agree that a transaction is valid in order for it to be added to the blockchain, and new blocks are created through the mining process, in which users compete among one another to solve complex, energy-intensive problems. However, unlike Bitcoin, Verge supports five different mining algorithms. According to the development team, this makes the network more secure, as more people are able to participate in the mining process. In April 2018, Verge suffered an attack on its network that used an exploit related to the Scrypt mining algorithm to instamine a reported 20 million XVG. In response, the project initiated a hard fork to patch the issue. While it was widely referred to as a 51% attack, founder and lead developer Valo denied this, saying it was actually a timewarp attack, which involves manipulating block timestamps in order to reduce mining difficulty. 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. The total maximum supply of Verge is capped at 16.5 billion XVG. According to Verge, the supply cap is intentionally high as a way to ensure that the value of each individual token remains low, allowing users to avoid fractional payments. It also makes it more difficult for any one individual to take control of a large number of XVG in order to manipulate markets. The cryptocurrency did not have an initial coin offering, nor was there any premining of tokens. As such, the Verge development team has said it does not hold a significant amount of XVG. Rather, all currently circulating XVG was introduced through the Verge blockchain's proof-of-work mining process, which is multialgorithmic and supports Scrypt, X17, Lyra2rev2, Myr-groestl and Blake2s. Verge undergoes a periodic halving event that reduces the amount of XVG miners receive as a block reward by 50%. Under the current emission schedule, rewards are halved every 500,000 blocks. The live Verge price today is $0.040469 USD with a 24-hour trading volume of $45,038,151 USD. Verge is down 1.66% in the last 24 hours. The current CoinMarketCap ranking is #119, with a live market cap of $665,498,401 USD. The top exchanges for trading in Verge are currently Binance, Huobi Global, HitBTC, MXC.COM, and Gate.io. Technical Analysis: the Coin has done its Initialization and Accumulation phases and showed some Impulsion, currently it may have some Distributions, which leads the price to some correction and retracements. Using Fibonacci Retracement Levels, we can define Support areas where as, if the Immediate support Stands it can Shoot the Price directly to the 3 TP which is the Confluences of Fibonacci Expansion -161.8% and Fibonacci Projection of 261.8%. The other Support levels is the Fibonacci Golden Zone, where the Price may show some Support and bounces to the higher levels and Force it to continue its rally. 78.6% of Fibonacci Retracement is the Last Support where we are counting on, but we believe the Price may not reach that extent, as the overall sentiment of the market is Bullish but it is not Impossible to see some shadows or even consolidation and reaccumulation there. There are total of 4 Targets define, 1 to 3 Targets are defined by Fibonacci Projection of the Initial Impulsive wave. 2 and 3 Targets are having Confluences with the Fibonacci expansions of -127% and -161.8%. 4 TP is the Resistance area which got defined by Price Action Analysis. we may have many Distribution and Reaccumulation Phases on the Move Up, which is a healthy sign of any Asset or Coin. so be open to the retracements along the way to the Targets.
Long
by BitonGroup
21
💡Don't miss the great buy opportunity in XVGUSD @vergeTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.02348). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XVGUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 57. Take Profits: TP1= @ 0.02521 TP2= @ 0.02777 TP3= @ 0.02975 TP4= @ 0.03243 TP5= @ 0.03481 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
3
💡Don't miss the great buy opportunity in XVGUSD @vergeTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.02348). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XVGUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 55. Take Profits: TP1= @ 0.02521 TP2= @ 0.02777 TP3= @ 0.02975 TP4= @ 0.03243 TP5= @ 0.03481 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
XVG going for goldXVG: long swing initiated. Similar analysis to DGB so won't rehash too much, but another long-term hold of mine and just retested the high of the impulse wave from August of this year which is big resistance, but if we can get above, will have clear sailing to retrace the the big move from May. Half-size position initiated at 0.031 with an order for the other half at 0.02925. Will take off a quarter size at 0.0375, 0.044, 0.051, and 0.074. That of course will be adjusted based on price action, but those are the resting orders as of now.
Long
by nurseblood
On the Verge of a new move4H bearish market structure; however, still bullish on the daily. General market correction might have lead to this. It came down to the liquidity zone and fell perfectly into the golden FIB pocket. It has reclaimed the 200EMA and is looking to form a bullish cross on the MACD. There is also the possibility of a head & shoulders pattern forming. Things to look out for: - Still trading below the 50EMA - Could continue bearish 4H structure What are your thoughts on this?
Long
by Coinathlon
4
💡Don't miss the great buy opportunity in XVGUSD @verge Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.0255). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XVGUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 46 Take Profits: TP1= @ 0.0277 TP2= @ 0.0298 TP3= @ 0.0327 TP4= @ 0.0350 TP5= @ 0.0374 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
10
💡Don't miss the great buy opportunity in XVGUSD @verge Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.0255). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XVGUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 46 Take Profits: TP1= @ 0.0277 TP2= @ 0.0298 TP3= @ 0.0327 TP4= @ 0.0350 TP5= @ 0.0374 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
5
XVG To Blow Our Minds 🚀🚀XVGUSDT | Weekly: Verge Currency 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 (XVG) is an open-source, decentralized cryptocurrency that claims to offer completely anonymous transactions by obfuscating the location and the Internet Protocol (IP) address of the transacting participants. ✔️ Double bottom ✔️ Daily Cup and Handle in progress ✔️ All time high yet to hit again . Are you guys ready for this explosion? Follow 🚶 @CryptonKidd for daily unbiased analysis , with 98% success rate
Long
by CryptonKidd
3
XVGUSDT - Enjoy the butterfly effect :)Sold at the right time ... And buy at another convenient time Enjoy the butterfly effect ... . . . . -------------- This is not financial advice, The purpose of these Charts is to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to do your own research, and follow your risk management. the Cryptocurrency market is very volatile and involves gains and losses, so know very well what you are heading towards before engaging in it. --------------- The information we mentioned here is a personal effort that is subject to success or failure and we welcome constructive criticism.
Short
by MeSharif
2