The cryptocurrency market is not having a particularly successful run of it today, with the majority of the most valuable coins down in value compared to where they were yesterday. From Bitcoin (BTC) and Ethereum (ETH) to popular altcoins like Bitcoin Cash (BCH) and Dash, the digital coin sector as a whole is sinking this Friday.
Of the 25 highest-valued (by total market capitalization, according to coinranking.com) cryptocurrencies on the market today, only one coin has managed to increase its price today: Verge (XVG). In the past 24 hours, it has gained 6.63 percent. In the past week, on the other hand, this crypto-coin has surged a whopping 557.8 percent higher.
And Verge’s wild growth has been even more stunning if you look deeper into the recent past, with its per-coin price more than 2,000 percent higher than it was exactly 30 days ago.
What Kind of Crypto-coin is Verge (XVG)?
This digital currency is based on blockchain technology that puts a big emphasis and privacy. Its peer-to-peer transactions are completely untraceable because the company utilizes more than one anonymity-focused networks, like I2P and Tor.
Apart from its mission to make online exchanges of value totally private, Verge is also focused on providing its users with super-quick transactions – its Simple Payment Verification (SPV) system keeps confirmation times close to 5 seconds.
On top of that, Verge (XVG) is different in that it isn’t a private company – like a ton of other cryptocurrencies out there. The platform is actually run by the members of the blockchain’s community.
As the sole survivor of today’s big cryptocurrency slump, we are watching Verge to see if it maintains its resilience.
The author of its article does not own any of the assets mentioned above.