Coin of the day is Verge.
The Verge coin (XVG) is likely, in the nearest future, to compete with the large players of the privacy-oriented coin class, like Monero and Dash. Verge is a successor of DogecoinDark, a coin that was forked from Dogecoin back in 2014. Verge team claims that they are focusing on the user privacy while maintaining a public ledger making it easy for any market adoption. Also, the coin is an entirely open sourced and considered to be not backed by any companies or big investors. Verge uses IP obfuscation and integration to the Tor and i2p networks to guarantee the privacy of its clients, such stack of technologies allows XVG to compete with other privacy-oriented crypto-companies. One more attractive factor of the coin is the price at the moment and big growth potential.
Verge coin has been growing steadily for nine days already, after finding a bottom at the 0.00000322, slightly above the 0.000003 support level. Yesterday XVGBTC broke above the 100-days EMA, and if the coin will manage to stay above the 100-days EMA that would be one more signal for buyers. From the higher perspective, the price is breaking above the Bearish Trend Line (resistance line of the global downtrend formation). All these factors are working in favor of the scenario that the recession is over and the coin is setting off for the new growth cycle.
Support levels from below: 100-days EMA, 0.00005 level, and Bullish Trend Line.
From the above: return above the 0.000006 level is required to stay in bullish state. Next resistance will be 0.000007 level.
The Verge coin (XVG) is likely, in the nearest future, to compete with the large players of the privacy-oriented coin class, like Monero and Dash. Verge is a successor of DogecoinDark, a coin that was forked from Dogecoin back in 2014. Verge team claims that they are focusing on the user privacy while maintaining a public ledger making it easy for any market adoption. Also, the coin is an entirely open sourced and considered to be not backed by any companies or big investors. Verge uses IP obfuscation and integration to the Tor and i2p networks to guarantee the privacy of its clients, such stack of technologies allows XVG to compete with other privacy-oriented crypto-companies. One more attractive factor of the coin is the price at the moment and big growth potential.
Verge coin has been growing steadily for nine days already, after finding a bottom at the 0.00000322, slightly above the 0.000003 support level. Yesterday XVGBTC broke above the 100-days EMA, and if the coin will manage to stay above the 100-days EMA that would be one more signal for buyers. From the higher perspective, the price is breaking above the Bearish Trend Line (resistance line of the global downtrend formation). All these factors are working in favor of the scenario that the recession is over and the coin is setting off for the new growth cycle.
Support levels from below: 100-days EMA, 0.00005 level, and Bullish Trend Line.
From the above: return above the 0.000006 level is required to stay in bullish state. Next resistance will be 0.000007 level.
