Verge Archives - 2100NEWS

BrankoSeptember 20, 2020
1127137065497889.st1i9I7dA7CjwifIlks2_height640.png

8min151


XVG (Verge) as Large-cap Coin is 95th in the 2100NEWS ranking. The quality of the order book of XVG is Ordinary. The average quality of the order book for large caps members of the NWSL100 index is 16.7. What is the true value criterion in the crypto world?

*Among all, the price is always at the forefront. By comparing with the index, we can gauge the price-performance with similar digital assets that are members of the index. Considering an investor’s point of view, peer comparison should be efficient and effective. We present you tokens that are worth keeping in mind.

 

About coin

XVG has been launched in 28 exchanges. The maximum supply is capped at 16.5 billion XVG.

Verge as Large-cap Coin is 95th in 2100NEWS ranking (after Index Review of 11th September 2020). It is an Index member: NWST1100, NWSL100, NWSCo100.

2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 14.9, (Average for Large caps: 16.7)


Over the past week, the average market cap was $75.6 million, average daily volume was $1.4 million.


 

In this section, we will examine how the market, with price changes, evaluates project progress. It seems important to us if the project is outside of the usual tide of crypto project prices. In order to make an appropriate peer comparison, we gauged the XVG (Verge) with 2100NEWS DA Coin Index (NWSCo100).  On average (violet area chart), the relationship between XVG to NWSCo100 has shown that it was weaker over the last three months, tt has underperformed  the NWSCo100 57%. However, if we compare the XVG green area graph with the orange index area graph while observing the correlation graph, the correlation graph gives us an explanation that the correlation is extremelly weak (Pearsons correlation coefficient = 0.02). For 55% of the time, it was moving in the same direction as the NWSCo100. So, it has been a bad representative of the NWSCo100 index in terms of price changes.

*The chart below shows the XVG compared to NWSCo100 at the top, the box in the middle of the chart shows the original XVG price, and at the bottom of the chart we see NWSCo100 and the correlation between  XVG and NWSCo100.

 

2100NEWS observation:

Although Verge is a volunteer-driven project, looking at the work done in recent years, we can say that it operates as a serious and strong company. In August 2020, they introduced a stock exchange, where 213 cryptocurrencies are already available. Cryptocurrencies can also be bought with fiat. This year, they also concluded some partnerships, mainly in the field of the payment system. That the community works for them or that it is led by volunteer community members can also be seen by the number of members or followers on social networks. They have an enviable 289.1K followers on Twitter,

 

About Verge – what they do

Verge is a cryptocurrency designed for people and for everyday use. It improves upon the original Bitcoin blockchain and aims to fulfill its initial purpose of providing individuals and businesses with a fast, efficient and decentralized way of making direct transactions.

Their mission is to empower people around the world by bringing blockchain transactions into everyday life. Verge makes it possible to engage in direct transactions quickly, efficiently and securely. With Verge, businesses and individuals have flexible options for sending and receiving payments securely and effeciently all around the world in a matter of seconds.

Electrum is an open-source Bitcoin lite wallet solution. Verge has forked the Electrum wallet codebase and updated to have it work with the Verge blockchain.

QT is a cross-platform application and UI framework for developers using the C++ programming language. It allows developers to write code in C++ and then release their software to various software and hardware platforms. Per Wikipedia, the toolkit was named QT because “the letter Q looked appealing in Haavard’s Emacs typeface, and ‘t’ was inspired by Xt, the X toolkit”.

 

General information

Verge Currency was created in 2014 under the name DogeCoinDark. In 2016, it was rebranded to Verge Currency. Verge currency is 100% open-source. The project is ran entirely by volunteer community members and dedicated indiviudals who wish to make a difference in the world.

 

Exchanges: ATOMARS, Binance, Bitbns, BITEXLIVE, Bitfinex, Bitsonic, Bittrex, Bitvavo, CoinDCX, Coindeal, CoinEx, Crex24, Gate.io, Graviex, HitBTC, Huobi Global, Huobi Korea, Huobi Russia, LiteBit.eu, Livecoin, Omgfin, Sistemkoin, SouthXchange, STEX, TradeOgre, VCC Exchange, WazirX, YoBit.

 

Website: https://vergecurrency.com/

You can follow them:     Facebook    GitHub    Twitter

 

Do you know more about this topic or would you like to report an error in the text? Leave a comment or email us at info@2100news.com.

 

The Crypto Highlights are considered the opinion of 2100NEWS and the material is for informational purposes only and 2100NEWS is not soliciting any action based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell a security nor is it to be construed as investment advice. At the time of this article’s writing, the author did not hold any tokens XVG.



2min1761

Verge is holding the very first Verge meet-up ever sponsored by the food giant Subway. The meet-up will take place on the 9th of June in Amsterdam, the capital of the Netherlands, which will take place on a boat cruising through the Amsterdam canals.

According to their page

The Verge meet-up is not only informative, but is equally a networking opportunity to socialize and meet with other like-minded individuals.
We will finish the evening with a big party, where our Core team and a number of special guests will be present to celebrate this day with everyone.

You can buy a ticket if you are into that sort of stuff at their website ranging from €35 for evening only to €175 for the VIP ticket.

VERGE

We noticed the fast food giant Subway on their official sponsors list, which raises the obvious question of potential partnership between the two. If Subway started accepting Verge it would be another significant step towards mass adoption.

 


Gabrijel ŠerjakDecember 20, 2017

5min356

Verge (XVG) has catapulted into the top 30 cryptocurrencies at #24 with a new market cap of $1.5B USD.

December 2017 has been an unprecedented month for cryptocurrencies. Bitcoin cracking 20K after the launch of bitcoin futures trading on Cboe and CME. In the aftermath, altcoins like Litecoin, Ripple, TRON, Cardano, Stellar, Bitcoin Cash, and Qtum have experienced massive growth to hit record highs.

Another coin that has been rising this past week is Verge (XVG).

What is Verge and why is surging?

Verge Currency is a blockchain-based cryptocurrency known for its emphasis on being secure and anonymous—built with a focus on privacy and everyday use. It uses multiple anonymity-centric networks (ie. Tor, I2P), which obfuscates IP addresses to make transactions untraceable.

According to the official website, Verge’s mission is to:

Empower people around the world by bringing blockchain transactions into everyday life. Verge currency makes it possible to engage in direct transactions quickly, efficiently and privately. With Verge currency, businesses and individuals have flexible options for sending and receiving payments. With the flip of a switch, we offer helpful integrations and tools that enable them to handle large scale transactions between merchants and small scale private payments.

As we’ve seen with Bitcoin and Ethereum the past month, wherein transactions speeds have lagged considerably under new strains, Verge uses ‘Simple Payment Verification’ (SPV) technology to keep confirmation times to around 5 seconds on average.

Verge foregrounds a policy of ultra-transparency and openness. Unlike many blockchain-based cryptocurrencies/projects, Verge is not a private company funded by pre-mined coins. It is an open-source platform, and the development team maintains an open-contact policy with the thousands of members of the Verge community to field, support, and implement new ideas about the Verge network.

At 2:14pm PST, Dec. 12, XVG sold for $0.009336 USD, according to CoinMarketCap. At 12:34pm PST Dec. 19, that number was $0.074720—an increase of 800 percent. At the time of this writing, the price is $0.105284 

 

The Bitcoin surge of the past month has impacted cryptocurrencies across the board. New investors are flooding the market, particularly through popular cryptocurrency brokerage Coinbase, which is adding around 100,000 new users per day, recently surpassing YouTube as the #1 app on the Apple App Store.

A natural outgrowth is that many investors are starting to understand the current weak spots in Bitcoin investing and trading. In particular, the frustration with lagging transaction times might be sending these new participants to coins trusted to move faster—which is also a possible cause for recent spikes in Litecoin and Ripple.

It’s likely that Verge’s emphasis on privacy is appealing to investors—particularly in times of global political turmoil.

Unlike some of the other privacy coins, Verge emphasizes ease and usability alongside privacy measures. Verge also offers a host of secure wallets to amplify security for its users. Among them is the Tor Android Wallet for mobile anonymity, a unique offering in the community.

The recently announced ‘Wraith Protocol‘ also allows users to seamlessly alternate between public and private ledgers on the Verge Blockchain.

For more information about Verge, visit the official website. To keep up with community updates, join the Telegram channel and visit the r/vergecurrency subreddit.

Editor’s Note & Disclosure: The author invests in cryptocurrency markets, and has invested in this currency. Neither the author nor 2100news endorses participation in any token sale or cryptocurrency investment, all of which have significant inherent risk. Seek advice from a financial advisor as well as do your own due diligence before considering investment.

 

 

 



About us

We are the new economy news hub. 2100NEWS is the professional index, data, and tools provider in the digital asset space, offering Crypto Market Intelligence, providing the perspective you can trust and equipping you with information edge you need to stay ahead. (Real-time data of token issuers and news, analysis and commentary from community.) We are very excited to contribute to the evolution of the industry and build an ecosystem around our offering (the institutional-grade data infrastructure required to enable institutional investments in digital assets). We want our contributions (Contents and Tools on 2100NEWS.com) to be useful for helping investors.


CONTACT US

CALL US ANYTIME



Latest posts



Newsletter


  • ethereumEthereum (ETH) $ 415.69 5.01%
  • rippleXRP (XRP) $ 0.258232 0.37%
  • litecoinLitecoin (LTC) $ 56.35 2.33%