Verge price grows in anticipation of new partnership announcement
Like most altcoins, Verge has been in a pretty tough spot since the beginning of this year. The cryptocurrency caught the attention of traders in mid-December when, fueled by tweets from John McAfee, it rallied 3,000% in one day and peaked around $ 0.26. Since then, XVG has lost about 90% of its value, but today the anonymous altcoin has turned out to be one of the most successful assets in the cryptocurrency market..
To generate interest and additional funding, Verge announced that they had raised 75 million XVG, which they themselves said they needed to announce “the largest cryptocurrency collaboration to date” “with a global player with a wide network of high traffic “.
Until the last day, fundraising was proceeding at a slow pace – on Sunday, the Verge wallet had only 20 million XVG out of the 75 million needed. The situation changed when the anonymous payment platform TokenPay announced its readiness to double all receipts to the Verge account until it had 50 million XVG.
To date, over 76 million XVG, or about $ 3.7 million, have been transferred to the project wallet..
After reaching their crowdfunding goal, Verge thanked their community members and promised to share “exciting news”.
Although the way Verge decided to go was not straightforward, the successful completion of the fundraiser had a positive impact on the course of XVG. Over the past day, the price of altcoin has risen by 19%, and trading volumes have increased 8 times, while other cryptocurrencies continue to decline.
At the same time, the possibility of an imminent fall in the rate cannot be ruled out if traders are now buying XVG in the hope of gaining short-term profit or the partner’s level does not meet the expectations of the community..
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