“Verge Surge” Continues: XVG Now Second Most Traded On Binance Exchange
The feverish speculation as to who might be Verge’s mystery partner, teased as the “largest cryptocurrency collaboration to ever hit the market” which will usher in a “new era in crypto”, has led to a remarkable interest in the cryptocurrency.
At time of writing XVG is trading over $0.082, double its price at the beginning of the month, and the “Verge surge” is showing few signs of abating.
According to CoinMarketCap this morning, XVG’s 24 trading volume was $208,559,000, putting it comfortably in the top 10 of traded currencies and ahead of Ripple’s XRP, despite being available on a lot fewer exchanges.
On Binance, the world’s most popular cryptocurrency exchange, Verge/Bitcoin volume is second only to Bitcoin/USD as the most traded currency pair. On Bittrex, the 7th biggest exchange by trading volume, Verge/Bitcoin is by far the most popular trade.
It should be noted that it is not just a speculative frenzy which has driven prices. Announcements of real partnerships have underpinned the price, such as the news that a XVG debit card is in the works.
#TokenPay CEO @derekcapo meeting in Munich earlier today for breakfast with key stakeholders of the German bank. A deal in principle has been agreed upon by all parties. We will provide full details at closing, but can say that $TPAY and $XVG debit cards are likely coming soon. pic.twitter.com/Xmos479vrC
— TokenPay (@tokenpay) 8 April 2018
The remarkable performance even seems to have taken Verge itself by surprise.
Wow! Verge (XVG) Up 100% in April, Whats Going On? https://t.co/KJjV2vqtNE
— vergecurrency (@vergecurrency) 11 April 2018
“What’s going on?” they ask, to which we might add, what happens next?
There are two things we can say for sure. First: all eyes will be on Verge come the 17th April. Second: the Verge story has become so unpredictable that when it comes to XVG we should be prepared for anything.
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