The collaboration between Verge-TokenPay is said to have produced a debit card and this explains why demand for verge has increased. Currently, the token is the second most traded coin on the largest exchange in the world by trade volume. The news came by from a tweet by the altcoin official twitter handle.
The altcoin is currently trading at $0.08861 which represents a 6.59% increase in price in the last 24 hours with a market cap of $1,317,474,308. That figure represents 41.4% price increase in the past week and a 206% increase in the past month just to give you a bigger perspective on how well the coin has been performing lately.
Data from Binance exchange shows that Verge/bitcoin volume is the second most traded currency pair after bitcoin/USD. On the 7th largest exchange by 24-hour trade volume, Bittrex, Verge/Bitcoin is without a doubt the most traded pair.
Verge has had an extraordinary month, it has experienced bad news, then good news and there has been speculation on upcoming news. But, the reason the demand for Verge has increased is that of the recent announcement of an XVG debit card is on the way in collaboration with TokenPay.
The altcoin shot to fame last year in mid-December. It promised to bring about revolutionary new privacy technology and this saw its price jump by more than 3000% in ten days. Since then the coin experienced a downward spiral in the following three months and in a bid to bolster interest and investment the token launched a short donation to generate funds so that it could secure what it said was ‘the largest partnership in crypto space to date’.
With verge set to reveal a major partnership on April 17, everyone on the crypto space will be keenly watching because as the token has proved in the past month, it’s so unpredictable that we should expect anything.
Now that demand for Verge has increased, can it sustain it? Let us know in the comment section below.