Verge (XVG) crypto has experienced an impressive surge, surpassing 250%.
This surge has positioned Verge as the top gainer in the crypto market.
Verge (XVG), the prolonged dead crypto currency, has experienced an unprecedented surge in trading volume, skyrocketing by a staggering 383% within the last 24 hours to record $507 million. Also, the Verge (AVG) price soared over 300% in a week.
This remarkable rally in the crypto has propelled Verge to claim the coveted title of the top trending cryptocurrency in the crypto market, leaving enthusiasts and investors astounded by its performance.
Why Verge (XVG) Price Pumping?
Verge (XVG), a cryptocurrency known for its emphasis on privacy and anonymity. The crypto currency initially launched as DogeCoinDark in October 2014, rebranded to Verge in February 2016 for wider adoption and operates on the Bitcoin source code, distinct from the meme coin Dogecoin (DOGE).
However, during this whirlwind period, Verge has attracted an overwhelming wave of bullish sentiment, as investors scramble to seize the opportunity presented by its surging value. At the time of writing, Verge (XVG) traded at $0.005783, which is the highest value since May 2022.
Also, the cryptocurrency price climbed over 25% in the last 24 hours and 300% in a week. In addition, Verge (XVG) market cap soared over 15% in a day to $95 million.
Verge (XVG) Price Chart (Source: CoinMarketCap)
The questions have arisen regarding the legitimacy of this sudden price increase. Speculation has emerged, suggesting the possibility of manipulation by seasoned cryptocurrency investors. Commonly known as “whales,” who may be attempting to sell off their large holdings.
However, the surge in Verge’s market capitalization serves as a stark reminder of the potential gains and risks associated with investing in the volatile world of cryptocurrencies.