Before we dive into to predicting the Verge future and XVG price forecast, let’s quickly sum up what awaits you in this article:
First, we take a look at year behind us. Then we cover our own XVG price predictions and market XVG forecasts. We will also dip our toes into the far future of Verge and give our Verge price predictions for 2021, 2025 and 2030.
We will also answer some of the most common questions about Verge price targets and how high it can go, like will XVG hit $10 or will Verge reach $100 and similar. We also give our opinion if Ripple is a good investment at all.
So, let’s get down to business and start the thankless task of predicting Verge future.
Dogecoin Dark was created in September 2014 with the two-pronged goal of maximum anonymity and true decentralization. Almost two years after launching Dogecoin Dark, the team re-branded to Verge with the same privacy and decentralization goals.
How to evaluate fundamentals of a crypto project
We should consider crypto valuations like educated gambling, a ‘prediction market’ where we are betting on the odds of project and token success. There are some catalysts of success we can identify:
- Project success drivers (user traction, strong financial bottomline, good treasury management, network effects/synergies between users and token investors)
Real user traction is the most important driver of success, that is what most of holders call “adoption”. If people start using certain crypto project because they find it useful and it makes their life easier, that is a guarantee of success. So far, almost no crypto project can claim to have done so.
Strong financial warchest that will enable teams behind the project to develop their visions, incentivize other developers to join them and start using their product is also a crucial aspect of any project. Tied into it is treasury management – especially for the project that had big ICO proceeds. Temptation to squander all those millions into “conferences and events” (read hard-core partying on yachts and luxury hotels) was massive, especially if we consider that majority of token projects founders were no-names and ordinary employees that worked for a paycheck before the ICO fairy-tale happened to them.
Another adoption indicator – network effects, where every additional user of a good or service adds to the value of that product to others. When a network effect is present, the value of a product or service increases according to the number of others using it.
If you can objectively notice that your favorite token project has some of these traits happening for it, be happy – you might have found a winner.
- Token success drivers (favourable demand-supply dynamics, programmable incentives on token, aligned incentives with management team and consensus on token as common unit of value creation).
Token success is completely dependent on tokenomics. As defined by infloat.co, tokenomics involves the incentivization of certain stakeholders to ensure particular behavior.
So, tokenomics is essentially an incentive structure designed to ensure that a token has a purpose and utility within its native network. It is the study of how coins/tokens work within the broader ecosystem that can be considered as a sovereign micro-economy. This includes such things like token distribution as well as how they can be used to incentivize positive behaviour in the network.
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For example, bitcoin is designed to ensure that bitcoin miners have a reason to mine new bitcoin. Miners validate bitcoin transactions and receive (or create) newly minted bitcoin in the process.
On the other hand, individuals, businesses and other bitcoin users pay a transaction fee for miners to include their transaction in the next block. This ensures that even when all bitcoin have been minted (to the tune of 21 million, which should happen in around 2140), bitcoin miners are still incentivized to keep ‘mining’ (i.e. validating transactions).
To paraphrase all of the above in the simplest terms: if you, after weeks of research and reading, can’t figure out why the project needs to have a token, it probably doesn’t.
So why does the token exist then?
– To make the project founders rich.
But there are some people on Twitter, Reddit, Telegram claiming otherwise.
-Yes, they are either: paid to do so by those same founders, they are desperate and delusional bad holders or they are just stroking their own ego with newly learned fancy economic terms and jargon.
Needless to say – stay clear of such projects.
Our Verge Price Prediction for 2020
XVG, as the rest of the market, is tied at the hip of bitcoin’s price action. If bitcoin embarks on another bull run, XVG can hope for one as well. Since a strong Bitcoin move in 2020 is very likely, we can expect some swings and moves upwards by XVG as well. So 2020 will be a year of potential big moves (more likely upwards) and we can see XVG at least doubling its end of 2019 price value. Of course, we speak about Verge price denominated in USD. In terms of its BTC value, it is more likely that BTC will outperform it and XVG will be worth less Satoshis by the end of 2020.
One important note: the fact that we expect Verge doubling in price is just rational observation of the current state of the crypto market. There are still enough speculation forces able to drive prices of worthless projects, like XVG, into higher price echelons. Luckily, as the market matures, these forces lose their power and give place to more substantive and fundamentals driven market movers.
The main currency in cryptocurrency markets is Bitcoin and given this, altcoins tend to fuel Bitcoin runs and Bitcoin tends to do the same in return. Given this relationship, Bitcoin price movements (or lack thereof) tend to effect altcoin prices.
When Bitcoin goes up swiftly, it will likely:
- Suppress or depress altcoins as money flows into Bitcoin;
- Or, take altcoins along for the ride
In cases when Bitcoin plunges, it will likely:
- Depress altcoins as money flows into fiat;
- Or, cause altcoins to boom as money flows into them, but this is rarely the case.
When Bitcoin moves sideways, it will likely:
- Cause altcoins to mimic that as traders wait for a clear sign on the direction of the market;
- Or, cause altcoins to flourish as traders look for returns in altcoins and try to get favorable trades in terms of BTC pairs.
To summarize, Bitcoin is the focal point of the crypto market in many ways, and with BTC trading pairs on every exchange, the gravity of Bitcoin is hard to evade.
XVG-BTC Price Correlation
The vast majority of trading that occurs in the crypto markets are between BTC and altcoin trading pairs. Since most altcoins do not pair with fiat currencies (and only a few are paired with stable coins like USTD), Bitcoin is the next best option. Therefore, when Bitcoin is stable, it forms as the ideal base currency for buying altcoins (which is why altcoins tend to do well when Bitcoin goes sideways).
Correlation is measured on a scale from -1 to 1. Values above 0 shows the degree to which altcoin is moving in the same direction as BTC prices (either up or down in tandem), and values below 0 shows the degree to which altcoin moves in the opposite direction of BTC prices (so when BTC goes down, altcoin goes up, or vice versa). Values around 0 shows that when BTC price moves, altcoins stays steady, or alternatively that when altcoin moves up or down that the BTC price is staying steady.
Based on the correlation analysis, BTC and XVG have a strong positive relationship. The correlation coefficient of their prices is 0.56, which was calculated based on the previous 100-days’ price dynamics of both currencies.
The majority of projects will fail — some startups are created just to gather funds and disappear, some would not handle the competition, but most are just ideas that look good on paper, but in reality, are useless for the market.
Vitalik Buterin, co-founder of Ethereum said:
“There are some good ideas, there are a lot of very bad ideas, and there are a lot of very, very bad ideas, and quite a few scams as well”
As a result, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. Will XVG be among those 5%?
Verge is like a twin brother of TRX – a lot of hype and little substance in the project. The team managed to build strong, cultish community but prolonged bear market dissipated it and XVG circles are real shipwrecks these days.
Two 51% attacks exposed the incompetence of their team which disqualifies them from the role they had in late 2017, early 2018: they were one of the most suitable coins for pumps and dumps. Nowadays, pump and dumps are much harder to organize and there are coins that project a better brand image than Verge, making them a better candidate for the pump and dump conductors.
All of this means that Verge will remain in its zombie phase, perhaps even officially die and get buried along many other worthless altcoins.
Market Prediction for Verge price
With the market being completely unpredictable, forecasting the cryptocurrency price is really more of a gamble and luck rather than a data driven guesstimate.
Let’s throw a glance at the eminent publications and personalities, and their predictions regarding the Verge (XVG) price, which will give us another point of view to consider:
Algorithm at cryptoground.com sees some green color in the second part of this year for XVG, predicting it reaches $0.0281 by the end of the year.
One of the best crypto market analysis site, walletinvestor.com forecasts that verge coin might reach up to $0.138 by the end of 2020. They even stated that in 5 years, XVG might go up by 2-3%.
Mega Crypto Price
According to this predicting algo, XVG might hit $0.7401 by 2020 (Verge Coin price prediction 2020). They even added that by 2023, Verge might reach $2.39.
Coin Fan predicts that by the end of 2020, XVG might reach as much as $0.172 and on the lower side, it can reach $0.127.By 2020, XVG might reach somewhere between $0.45 to $0.61, as per Coin Fan Predictions.
Digital Coin Price
This website predicts that XVG might reach $0.0257 by the end of 2020 and might reach $0.043 by 2022. It even shows a fall in price in 2023 and predicts that XVG price might get devalued to $0.041.
Trading Beasts predict that XVG might reach around $0.05 towards the end of 2020. This forecast is a very pessimistic one. They even stated that by 2020, XVG might be somewhere around $0.07.
Verge Price Prediction 2020, 2023, 2025
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com