The Privacy coin Verge (XVG) has been going through a bumpy ride in 2018. Verge dropped from top 20 stop to 40th spot due to some controversial partnerships as well as the bearish effect of the market. The Partership with Pornhub brought a lot of misconception amongst the Verge users. Verge (XVG) dropped from the heights of Burj Khalifa to the bottom of Mariana Trench. Basically, it was more of FUD and slander roaming around the XVG users, and in consequences it led Verge to drop very badly. But, now Verge has been stabling itself and its recent partnerships and development shows that Verge (XVG) will be at the top once again. Last Month adoptions have been a good sign for XVG and they are to look forward. Will they lead XVG to touch $1 mark?
Verge (XVG) Adopts Ledger Nano S
Ledger Nano S, supports more than over 30 cryptocurrencies including Bitcoin, Ethereum, XRP and other top digital assets. It allows the user to manage multiple assets with the same hardware wallet. Verge adoption to Nano S, is a great boost for XVG, as it will help the users of Verge with much more security, simplicity and option to back up and restore. This hardware wallet is built around a secure chip, providing optimal security.
The adoption of Ledger Nano S is a refreshing news for any HODLer, whose coins are stored on online wallet or in any exchange. There is always threat of hacking and other technical faults on Exchanges, thus this hardware wallet will provide their token to HODL offline. HODLers can then get their coins off the exchanges and into a safer place in cold storage.
Hardware Wallet support for Verge is still in developing phase and will be official as soon as it is developed. It is excepted to be official in near future.
Bitnovo Adds Verge (XVG)
Bitnovo, a Spanish company offering to buy Cryptocurrencies with a card, bank transfer, FlexPin voucher across Europe. It now allows its users to purchase Verge. Users can buy XVG across Europe through this platform, the company has about 20,000 ATMs from where users can purchase Verge.
This adoption is a huge win for Verge, as it will increase XVG’s adoption across Europe. Ultimately, increasing the volume of XVG and leading it to a high price.
Crypto Planet Accepts Verge (XVG)
Crypto Planet is one of the biggest online stores for purchasing goods with digital currency. Purchasers of Crypto Planet can buy products while paying in Verge (XVG). Verge Adoption is improving swiftly as Bitnovo and Crypto Planet has brought Verge to everyday use. As the world is getting familiar with the cryptocurrency day-by-day, more customers and retailers are opting to use digital currencies rather than fiat and VISA.
Technical Analysis of Verge Touching $1 Mark
In January 2018, Verge started to reduce to the all-time high. The uprising trend towards the end of 2017 lead XVG trade around $0.1 mark. But, since mid of Jan 2018, it started to decline from $0.1 and touched to $0.02 in March. After Verge announced that they are going to unveil a partnership and Justin Vendetta termed it as the “partnership of the year”. The price rose back to $0.1 mark on 17th April, but after the announcement Verge real downfall started.
In the first two weeks of September, the crypto market strengthened the prevailing losses. Verge (XVG) recovery from $0.12 up to emergency resistance testing at $ 0.02, shows that Verge is not far away from touching $1 mark.
At the time of writing, Verge was trading at a price of $0.015, with rising up to 1.12% in last 24 hours. In past few weeks the market has shown signs towards a bull run, it might not be similar to the one at the end of 2017, but still it will be a good sight for coins to surge. So, it is excepted that Verge will hit $1 mark and this will help XVG to improve its ranking.