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Verge Prices Notes Some Impressive Gains Compared to Bitcoin

It may turn out to be a semi-decent weekend for cryptocurrency traders after all. Even though most markets are stuck in sideways momentum, by the look of things, others are popping. The Verge price, for example, notes a very strong 36% increase in value over the past 24 hours. It is evident there is a lot of attention for any currency focusing on privacy and anonymity as of right now.

Verge Price is Soaring High

It is always interesting to see how the cryptocurrency markets evolve during the weekend. This particular period is notorious for awkward trading trends and market movements which make virtually no sense whatsoever. This weekend seems to be a bit more normal, which is rather peculiar in its own right. With the Verge price firing on all cylinders as we speak, it is evident there’s some good money to be made during these interesting times.

More specifically, the Verge price is currently $0.086. That is quite a healthy increase compared to about two weeks ago, even though it’s far removed from the all-time high of over $0.2. As most cryptocurrency markets are still recovering from the rough start to 2018, it is not surprising to see even the Verge price remaining a lot lower than some people would like. As such, the current Verge price is in a good place, when looking at the bigger picture.

This 36% increase in Verge price is also a direct result of strong gains over Bitcoin itself. With a nice 26% increase in the XVG/BTC ratio, it has become rather evident altcoins are looking to recover their lost ground against Bitcoin first and foremost. For Verge holders, this current trend is quite positive, but it is doubtful such momentum can be sustained for longer than a few hours. Then again, stranger things have happened in this industry.

With over $303m in 24-hour trading volume for Verge, this altcoin is certainly in high demand as of right now. We live in an era where governments and banks are removing any financial privacy users can achieve, which is a major problem As such, there is a growing demand for privacy and anonymity, even in the world of cryptocurrency. Whether or not this volume will remain stable or potentially even increase later today and tomorrow, has yet to be determined.

Unsurprisingly, the Binance users are determined to push the Verge price up even further. With $123.6m in volume with their BTC pair and another $21.1m n the ETH market, is evident Binance is the place to be right now. Upbit and Bittrex are also in the top three, yet none of the top three platforms offer a fiat currency gateway. The first fiat market is Litebit’s EUR pair, which generates just under $565,000. Once Verge gets actual proper fiat currency pairs, things will undoubtedly get very interesting.

For now, it remains to be seen what the future holds for the Verge price. This current uptrend will eventually calm down again, and those looking to cash out profits may want to consider doing so now or in the next few hours. It’s not impossible the Verge price may climb a bit higher, but all good things eventually come to an end, especially in the cryptocurrency industry.

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Bitcoin Sinks Below $3,200 as Teenage Bitcoin Millionaire Says Its Dead

It’s yet another dark day for Bitcoin. In fact, it’s the darkest one this year. The currency has once again set a new low for the year. At press time, the currency was trading at $3,230, down 10 percent in just 24 hours. The currency was performing especially poorly on some markets such as BitMEX, Coinbase Pro and Bitstamp where it was trading at $3,180. Since the week began, Bitcoin has lost close to $500. The currency’s immediate future looks bleak, especially given that it’s entering the weekend. Historically, cryptos have performed very poorly during weekends. With the currency sinking further and further for the year, one investor who made millions through Bitcoin has further added fuel to the fire. According to Erik Finman, the currency is dead. Finman made millions by investing in Bitcoin back in 2011 when only a few investors knew of the currency. However, according to him, the currency could have a few more bull runs but in the long term, it’s dead. Bitcoin Could Test the $3,000 Level Bitcoin hasn’t been for the faint hearted this year. It has tested various support levels and come up short. The $6,000 level seemed strong for quite some time, but even that came up short. And now, the currency seems poised to test the $3,000 level. In just the past one month, Bitcoin has halved in value. The assault had seemed to begin a reversal days ago when it hit $3,700 on some markets, but the bears seem to be in control of the market movements. On most markets, the father of crypto was trading just above $3,200. HitBTC continues to be one of the most friendly markets, with the price standing at $3,318. However, on American exchanges, the currency continues to perform dismally with Coinbase, Kraken and Gemini all trading at $3,180. Bitcoin could test the $3,000 level soon, with the current market making many investors frantic and eager to sell. The current sellout is the largest since July when the currency lost $3,000 in weeks causing traders to panic. With the weekend kicking off, it could drop further. Whether the currency can bounce back will largely depend on its ability to stay above the $3,000 support level. Bitcoin Is Dead – Teenage Millionaire As if the current turmoil isn’t enough for investors, a teenage Bitcoin millionaire has some more devastating news. According to Erik Finman, Bitcoin is dead. Finman believes that while it may not be immediate, it will slowly ebb away. He told MarketWatch: Bitcoin is dead, it’s too fragmented, there’s tons of infighting I just don’t think it will last. It may have a bull market or two left in it, but long-term, its dead. Finman began investing in Bitcoin in 2011 using money gifted to him by his grandmother. The early adopter grabbed the headlines last year after he turned his $1,000 investment into a $4 million fortune. However, he believes that those investors that are out to make millions as he did will lose their investment. And it’s not just Bitcoin. Finman believes that the future is even bleaker for Litecoin, the ‘silver to Bitcoin’s gold’. The currency is currently trading at $23, down 93 percent from its all-time high of $365. Litecoin has been dead for a while. It’s like when the sun is going down and there’s that eight minute period just before it goes dark. Litecoin is in its seventh minute. The post Bitcoin Sinks Below $3,200 as Teenage Bitcoin Millionaire Says Its Dead appeared first on NullTX.

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