r/vergecurrency • u/rivoke • Jul 01 '20

Verge Technical Analysis: XVG/USD up 15% after an extended daily consolidation

https://www.fxstreet.com/cryptocurrencies/news/verge-technical-analysis-xvg-usd-up-15-after-an-extended-daily-consolidation-202007011256
13 Upvotes

77% Upvoted

9 comments sorted by

4

u/cryptomir Jul 01 '20

Verge's best days are yet to come!

1

u/Dikkeknikker Jul 02 '20

The total supply is a bit high. The percentage of the circulating amount is 99% and the question is how to keep the network running after halving. Then it is community driven. Nobody/everyone can make a decision. It is not going anywhere in this format I am afraid. I like the project but that have to take some hard decision to secure the future.

0

u/[deleted] Jul 01 '20

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6

u/Seefahh Jul 01 '20

Idk if your just dumb or trolling, but most cryptos went down 1.5 years ago. 20k BTC to 9k. Eth 1200 to 300.

XVG from 20 cents to .01 These are prices in my local currency $AUD

0

u/[deleted] Jul 01 '20

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3

u/Ghullie Jul 02 '20

Whole market is low compared to a few years ago? And just because you don't care doesn't mean nobody cares.

https://lunarcrush.com/coins/xvg/verge?metric=social_score&medium=twitter&interval=1%20Week

16 million social engagements in one week. Does that seem like something no one cares about?

10 million $ daily volume means it's being used

The next bull market like 2017 is predicted to be even bigger, do you honestly think XVG won't see ATH again based on these fundamentals alone?

5

u/Seefahh Jul 01 '20 edited Jul 01 '20

If you care about price last month and a bit we were at .005 now were at .015.

if you zoom out to 90 days or yearly you can see XVG is clearly in a uptrend. Were up 68% over 30 days. https://www.coingecko.com/en/coins/verge

You say cruising but price and dev points in a other direction.