Hi all, did you check XVG price today?
https://bittrex.com/Market/Index?MarketName=BTC-XVGWhich interesting kinds of stuff can you see in the chart?
It seems to verge reached its bottom (400sats) and ready to exponential increases in the rest of this year.
The drop was because of the crypto market. In the last few days the crypto market was downward that is why the price of all of the coins was downward. It happens because people have their money in these coins and they want to secure themselves from the dump and keep their money at a side and when they see the price rising again then they again invest their money in that coin from which they get aside.
Now the market of all of the crypto is going to be better. There are many reasons for that which also include the FIFA worldcup in which many people will feel convenient to use crypto. As the use will be international so in that case people like privacy coins and in that it is pretty sure that the price of XVG will boost up much higher.
The adoption of different companies in this year of XVG is at the peak and the halving also occurred in this year which means that when the market will recover then the price of XVG will increase at a double speed.
yes everything and every price of all the coins rely on the overall market of crypto in which bitcoin is the backbone. But it will not be down for longer time as the future of crypto is brighter and in the long term it is confirmed that all of the businesses will come to this blockchain technology and because of that more people will come to adopt this coin like mindgeek felt the importance of crypto for their business and they adopted Verge currency for their business.