Verge (XVG) attempted once again to push off the lows, as enthusiasm has taken over the crypto markets in the past few days. XVG rose by as much as 56% within hours and broke above the one-cent level. The almost vertical climb saw the price double eventually, from recent lows around $0.005.

The immediate reason for the price spike was the listing of XVG on BitHumb Official, a move that suddenly increased activity on the network:

https://twitter.com/KraToZz_/status/1068023146014523392

However, for XVG, more than 40% of trading happens on Binance, and allows for a compounding effect of buyers and bot activity.

Verge was seen as a defunct project, especially after unraveling from…

This article appeared first on Cryptovest

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