Verge
About Verge
The price of Verge (XVG) is $0.00358426 today, as of Sep 16 08:11 p.m., with a 24-hour trading volume of $2.01M. Over the last 24 hours, the price has decreased by -5.71%. Verge currently has a circulating supply of 16.52B and a market cap of $59.22M.
XVG is the native currency of Verge, a privacy-focused blockchain optimized for payments. It’s a spin-off of Dogecoin, a fork of Peercoin and, ultimately, derives from Bitcoin, a network with which it shares several similarities.
Verge launched in October 2014 as DogeCoinDark. The coin was worth fractions of a cent until December 2017, when bitcoin (BTC) hit close to $20,000. On Dec. 23, 2017, the coin hit highs of 30 cents, a staggering 1,384,300% increase from its all-time low of far less than 1 cent on Feb. 5, 2015.
In the wake of the crypto winter of 2018 and 2019, the coin fell to as low as just under 1 cent in March 2020. It wasn’t until 2021, when bitcoin skyrocketed again, that XVG reached 6 cents in May. The crypto market crashed shortly after when China released a series of anti-crypto statements and regulations.
The coin never fully recovered, and by June 2022 had fallen to $0.004. Yet, even that low price marks a staggering 188,149% increase from XVG’s all-time low of $0.000002 on Feb. 5, 2015.
By July 2020, 16.51 billion XVG of the coin’s capped supply of 16.55 billion had been mined by July 2020, according to data from Messari.
The project did not hold an initial coin offering or allow a select group of private investors to mine tokens before its launch. All tokens were introduced through proof-of-work, the same computer-intensive mining process that backs the Bitcoin protocol.