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.
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.
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”.
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.
You can follow them: Facebook GitHub Twitter
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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.