XVG (Verge) rose 31.49% in the last 24 hours.

Gate News Bot news, November 4th, according to CoinMarketCap data, as of the time of writing, XVG (Verge) is currently priced at 0.0088 USD, having risen by 31.49% in the past 24 hours, reaching a high of 0.0089 USD and a low of 0.0052 USD. The current market capitalization is approximately 145 million USD, an increase of 34.8 million USD compared to yesterday.

Verge (XVG) is a digital currency focused on privacy and security. It offers fast, efficient, and decentralized direct transactions, aiming to provide blockchain payment solutions for everyday use cases. Verge adopts an open-source development model and is driven by a global community of volunteers.

Important recent news about XVG:

1️⃣ Market sentiment warming drives the price of XVG to pump The cryptocurrency market as a whole is showing a warming trend, with XVG, as a representative privacy coin, attracting investor attention. Its 24-hour rise exceeds 30%, demonstrating strong upward momentum, with trading volume significantly increasing.

2️⃣ Technical analysis shows a short-term breakthrough of key resistance levels The XVG price has broken through the important psychological barrier of $0.0080 and encountered resistance around $0.0089. If it can steadily break through this level, it is expected to usher in further rise potential.

3️⃣ The concept of privacy coins has regained market favor With the development of blockchain technology, users' demand for transaction privacy is increasing. As an established privacy coin project, Verge's core advantages have been recognized by the market again, driving its price to rise.

From a technical perspective, XVG is currently in the overbought range and may face short-term correction pressure. Investors should closely monitor the performance of the support level at 0.0080 USD, as well as whether it can break through the resistance level at 0.0090 USD.

This message is not an investment advice, and investors should be aware of market volatility risks.