Why did Verge (XVG) price rise today?

While the overall cryptocurrency market is suffering from price declines, Verge’s native token, XVG, has stolen the spotlight with a 50% rise over the past 24 hours, now priced at $0.014. This rise highlights the growing interest in privacy-focused cryptocurrencies.

Verge XVG coin has made huge gains

As of now, Verg (XVG) is gaining significant momentum, and is currently trading at around $0.013. Although it saw a slight decline from its previous peak, the token still enjoyed a 27% increase over the past 24 hours, showing its resilience.

Over the past month, XVG’s price has risen by 90.7%, adding an average of $0.00034 to its value. This steady growth highlights its strong position in the cryptocurrency market.

Additionally, with an impressive year-to-date growth of 238%, XVG’s market cap now stands at just over $215 million.

What makes the edge stand out?

The edge is decentralized blockchain Which focuses on privacy and anonymity. It improves on Bitcoin’s native blockchain by adding privacy tools like Tor and VergePay integration, which allow users to send funds to hidden addresses.

Verge was originally launched in 2014 as DogeCoinDark, and was rebranded in 2016 to better align with its goals. It uses Simple Payment Verification (SPV) technology for faster transactions and competes with other privacy-focused currencies like Monero and Zcash.

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XVG price forecast

according to Coinpedia forecastXVG could reach $0.0149 by the end of 2024 if its bullish momentum continues. Looking ahead, the token could rise to $0.03508 in 2025, provided it maintains its resistance levels.

With its strong performance and focus on privacy, Verge is gaining traction as a noteworthy competitor in the evolving cryptocurrency market. If its current trajectory continues, XVG may achieve new milestones in the coming months.