Verge Cryptocurrency Is On the Rise

The Verge cryptocurrency has experienced a significant rise in its value. The currency was one of the hardest-hit currencies during the ongoing downturn, but today it has experienced a sizeable rise in its value for the first time since February.

The market cap for Verge has more than doubled in the past week. The currency’s cap has reached the $1 billion mark as the coin itself has a value of about 7.2 cents.

This is far from the highs that Verge experienced earlier in the year. The currency had a market cap of about $4 billion back in December with the individual coins being worth around 26 cents. But the currency declined in value as the downturn went along. The currency had a value of about 3 cents per coin with a market cap of nearly half a billion dollars.

Good News Coming?

A vital part of why Verge is rising in value comes from a promising Twitter message from Justin Sunerok, the creator and CEO of Verge. He stated that there will be a massive development involving Verge coming on April 17. He appeared to be very excited about the development, which has led people into wondering what is going to happen with the currency.

Reports suggest that Verge’s coin sale has been performing well. About 14.8 billion Verge tokens are in the circulating supply. There is a maximum total of 16.555 billion tokens that could potentially be made available.

What Is Verge?

Verge has been promoting itself as a cryptocurrency that offers more privacy for users than any other cryptocurrency on the market. The currency would compete directly with a few others that promise added security features, particularly Zcash and Monero.

Verge works with I2P and TOR software that help improving upon how the currency remains anonymous and protected. A system called the Wraith Protocol works to provide people with the option to go from anonymous to public transactions quickly.

Verge also works as a public open source currency. The community for the currency has been very active and operational.

Noteworthy currency supporter John McAfee has promoted Verge among other similar currencies in recent time, thus making Verge a little more visible. He has stated that privacy is going to be a vital part of the currency industry’s future and that Verge and other coins that focus on privacy will end up becoming more popular. This has led to many people investing in the coin, although this had been hurt over time as ongoing regulations and concerns about governments trying to make cryptocurrencies public have moved along.

The people behind Verge have been working on the technology for the currency over time and have also released previews of its iOS and Android wallets. These wallets would make using the currency easier to handle, although it is unclear as to what other options might accept Verge in the future. There are also questions as to whether any major indexes would take in Verge for trading purposes, although some rumors suggest that the April 17 announcement will have something to do with such an index.

 

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