Altcoins

Verge Market Report: $XVG Takes Hefty Loss

Brief:


The recent rise in bitcoin wasn’t reflected in Verge as $XVG takes a hefty loss overnight. Verge is down -9.71% in 24 hours, down -12.54% on the week and down -30.86% on the month on a last price of 0.00000307 BTC or about $0.0225. The Verge marketcap is $338,722,100 with a circulating supply of 15,054,315,539 $XVG. $XVG/BTC is trading between a 24hr high of 0.00000345 BTC ($0.0253) and a 24hr low of 0.00000304 BTC ($0.0223) on a 24hr Binance volume of $2,880,200. This trading volume is moderate. The weekly price trend is mixed.

Rank #40

Verge is ranked #40 today by cryptocurrency market capitalization.

Last price

0.00000307 $XVG/BTC

$USD

last price $ 0.0225
one week ago $ 0.0258

Price change

Price change is the $XVG percentage change within the period:

period change
day -9.71%
week -12.54%
month -30.86%

Volume

Volume

$XVG 24 hour volume
BTC $2,880,200
all $XVG currencies $7,814,100

The 24 hour volume for $XVG/BTC on Binance is $2,880,200. This volume weight is moderate when compared with Binance daily trading levels for $XVG over the last month.

The total 24 hour volume for all reporting $XVG markets is $7,814,100.

Market Share

The Binance currency pair $XVG/BTC is 36.86% of all $XVG traded in twenty-four hours. Bittrex is second with 21.14% today.

Top $XVG Pairs
Tap or click for detail:

Remarks

The recent rise in bitcoin wasn’t reflected in Verge as $XVG takes a hefty loss overnight. Verge is down -9.71% in 24 hours, down -12.54% on the week and down -30.86% on the month on a last price of 0.00000307 BTC or about $0.0225. The Verge marketcap is $338,722,100 with a circulating supply of 15,054,315,539 $XVG. $XVG/BTC is trading between a 24hr high of 0.00000345 BTC ($0.0253) and a 24hr low of 0.00000304 BTC ($0.0223) on a 24hr Binance volume of $2,880,200. In moderate volume trading the weekly trend is mixed.

The weekly trend is called ‘mixed’ but its beginning to form the shape of a downtrend. The last four daily candles are all in the red. Today’s low is the weekly low. This is a classic downtrend pattern.

The last time we saw prices so low was in mid March 2018. At that time $XVG bottomed out at 325 satoshi. The current last price at print time is 307. Either we’re looking at a trading bargain – or a disaster in the making.

Notwithstanding the descending price, the MACD on the daily chart has been in the green for many days.

Looking way back into 2017 we last saw this price when bitcoin was on a tear reaching for $20K. $XVG started that run at a low of just 53 satoshi in late November – according to CoinMarketCap data. Today’s price is about six times that amount.

One Year $XVG Chart

$XVG One Day Candles

Friday July 20 2018 Bitcoin Background

Altcoins such as Verge ($XVG) may show a relationship with Bitcoin ($BTC) which changes with the alt, bitcoin and market conditions:

24 Hours of Bitcoin
24 Hours of #Bitcoin
-1.18% price $7,356.59
vol $4,992,040,000
mktcap $126,242,394,866
17.16M #XBT 20:54
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

XBTLivePriceTM

Five Days Ago

Altcoin Market Reports
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Highlight Chart

Tap / click to enlarge:

The recent rise in bitcoin wasn't reflected in Verge as $XVG takes a hefty loss overnight. Verge is down -9.71% in 24 hours, down -12.54% on the week and down -30.86% on the month on a last price of 0.00000307 BTC or about $0.0225.
The recent rise in bitcoin wasn’t reflected in Verge as $XVG takes a hefty loss overnight. Verge is down -9.71% in 24 hours, down -12.54% on the week and down -30.86% on the month on a last price of 0.00000307 BTC or about $0.0225.

Data sources

Main Data Source

Binance is the main data source for this report. The One Day Candles chart, highlight chart, and digital asset numeric trading data are from Binance.

Secondary

CoinMarketCap is the secondary data source for this report. The One Year Chart, cryptocurrency rank, token circulating supply, and daily market share are sourced from CoinMarketCap.com.

Tertiary

XBTLivePriceTM and 24 Hours of Bitcoin are fine data products from KittyBitcoin.com

Other sources are credited where used.

Market capitalization

Market capitalization is the total $US dollar value of the Verge market calculated using the formula:

market cap = ( circulating supply x last price )
Market cap $ 338,722,100
Circulating supply 15,054,315,539
Last price $ 0.0225

Daily High Low

daily high 0.00000345 BTC
daily low 0.00000304 BTC

Trend

The weekly trend is mixed.

trend is MIXED

Trend is "mixed" when the week contains both green and red daily price candles, price movement up or down is significant, and there is no clear weekly price direction.

Resistance

Resistance is the highest price within the period:

period resistance
day 0.00000345 BTC
week 0.00000375 BTC

Support

Support is the lowest price within the period:

period support
day 0.00000304 BTC
week 0.00000304 BTC

Market sentiment

$XVG market sentiment is bearish.

sentiment bearish

Image courtesy Pixabay.com

Summary

The recent rise in bitcoin wasn’t reflected in Verge as $XVG takes a hefty loss overnight. Verge is down -9.71% in 24 hours, down -12.54% on the week and down -30.86% on the month on a last price of 0.00000307 BTC or about $0.0225. The Verge marketcap is $338,722,100 with a circulating supply of 15,054,315,539 $XVG. $XVG/BTC saw weekly resistance at 0.00000375 BTC ($0.0275) and weekly support at 0.00000304 BTC ($0.0223). Market sentiment is bearish. The weekly price trend is mixed in daily moderate volume trading.

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Disclaimer

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Printed

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