Cryptocurrency Verge (XVG) grew by 300% in a week

! Not financial advice — ed.

According to CoinGecko, the Verge cryptocurrency (XVG) has grown by 300% in a week. The phenomenal increase in the price of the asset has attracted the attention of crypto enthusiasts. As a result, the trading volume of the digital coin reached $ 489 million, and its market capitalization exceeded $ 108 million.

The Verge cryptocurrency made its market debut back in 2014, but first gained popularity during the bullish trend of bitcoin in 2017.

Industry analysts emphasize that the appeal of the cryptocurrency lies in its ability to provide a fast, efficient, and privacy-oriented blockchain for seamless transactions.

At the time of writing, the asset is available for purchase at $ 0.5 979. The market capitalization of the coin is $ 100.3 million. Traders made daily trading deals worth $ 453.8 million.

Verge’s significant weekly growth was not an isolated phenomenon. Industry experts also note Bitcoin Cash (BCH) and Litecoin (LTC). Thus, BCH grew by 45.7% over the week. At the time of writing, Bitcoin Cash is trading at $ 284.01, with a market capitalization of $ 5.9 billion. Traders made daily trading deals worth $ 753.4 million.

In turn, LTC grew by 37.8% over the week. At the moment, the coin is trading at $ 107.15 with a market capitalization of $ 7.8 billion. Daily trading transactions exceeded $ 1 billion.

Crypto market experts note that the resurgence of these veteran altcoins indicates a renewed interest in cryptocurrencies among major industry players. Analysts foresee a bullish trend and emphasize that coins from the top 100 that experience major price increases are the best markers for this.