As we mentioned a few days ago, Verge (XVG) has been having a fantastic week for growth – rising in value while other top cryptocurrencies have been pretty volatile. At the time of writing on Tuesday, it’s trading at a solid 19 cents. That means that this coin is up by 29 percent compared to its price 24 hours ago, and it’s shot up by 149 percent in the last seven days.
Looking back at the past 30 days is even more stunning, with Verge’s price being driven 2,740 percent upwards – from $0.006 at the beginning of December.
This unstoppable trajectory certainly didn’t happen for no reason. This particular cryptocurrency is quickly becoming one of the most popular altcoins, and it has some pretty impressive technology to back it up.
Why is Verge (XVG) Such a Special Cryptocurrency?
Anyone who has traded Bitcoin (BTC) before can tell you that, while it is an incredibly useful and powerful crypto-coin, it isn’t perfect: there are transaction capacity limitations, slow processing times (especially compared to competing coins), security issues, and it’s not completely anonymous.
This is where Verge comes in – it has developed blockchain technology that uses more than one anonymity-based network (like I2P and Tor) to make transactions truly anonymous. Its processing times are also super quick, and leaves Bitcoin (BTC) transaction speeds in the dust.
This crypto-coin certainly has the appeal of a more robust version of bitcoin, while also drawing investors in with the fact that it’s an undervalued altcoin – similar to the likes of Monero or Litecoin.
Verge is also the first cryptocurrency that famous entrepreneur John McAfee officially endorsed, and he sure seems to know good investments from bad ones.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.