Verge [XVG] stays strong in a bearish market with a 16% price growth


Verge is one of the few cryptocurrencies in the CoinMarketCap which is performing well in the current bearish market. Verge is currently ranked at the 24th place and is very close to jumping up a few ranks if it continues performing well in a bearish market for a couple of more days.

Source: CoinMarketCap

Verge’s total market cap is $1.1 billion and has improved by a mile in the last the 7 days. Seven days ago, Verge’s market cap was just around $1 billion, it’s market cap has surged more than a $100 million. On 25th and 26th of April, the market cap had fallen the $1 billion mark but since 27th April, Verge has seen visible constant growth which not only replenished it’s $1 billion market cap but also crossed it over in the past 3 days.

The price which is currently at $0.078, on Tuesday was around $0.06. Today specifically Verge saw a great price surge and experienced a price as high as $0.08 at one point in the day. Even though it’s price has fallen, it sees a surge of 16.40% in the last 24 hours.

A lot of factors have contributed to the Verge tokens performance in the market, including the enlistment of Verge on Bitfinex exchange. On April 28th, RanNeuNer interviewed the founder of Verge, Justin, which brought a good light to the company in the eyes of the investors.

Verge experiences positive growth rate at the 1-hour mark with a surge of 2.15%, at the 24-hour mark with the volume percentage increase of 16.40%, and 15.42% volume percentage increase in the last 7-day average.

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Verge is only $2 million away from replacing Bitcoin Gold which currently holds the 23rd place with a market cap of $1.18 billion. The possibility of it happening is high as Bitcoin Gold is currently declining at 7.16% in the last 24 hours whereas Verge continues to pose positive numbers.

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