Yesterday, the value of Verge escalated by 10% in less than 24 hours

Mass Adoption of Verge is in the news these days. Canada’s first published Blockchain and Digital Assets Magazine, Blockchain Business Magazine, has provided the free link to Verge Foundation on the same where Mass Adoption has been discussed lately.

With more viewers to share the same, Verge might increase in terms of volume and supplies with mass adoption.

Price Analysis of Verge on 25th July 2019

Verge is currently trading at $0.00569 at 07:28 UTC as on 25th July 2019. The other essential factors are calculated as:

  • Market Ranking: 71
  • Return of Investment: more than 9000%
  • Total supply/Circulating Supply: 15,841,766,419 XVG/ 15,841,766,419 XVG
  • 24 Hour Volume: 1,245,162 USD
  • Market Cap Value: 95,137,502 USD
  • 7 Day high/low: 0.006369 USD/ 0.005495 USD

Comparison

Yesterday at 00:08 UTC time, the coin was fluctuating above the baseline with trading value of $0.005713 which later dropped by 5.56% at 00:15 UTC, trading at $0.00539. However, in few hours the value escalated by 5.88% at 3:14 UTC, with the coin trading at $0.00571. The value at 11:43 UTC was dropped by 3.25%, trading at $0.00551. The interesting escalation was seen in the evening time around 20:02 UTC, when the value was seen escalating by 7.60% trading at $0.00593 marking the same as the highest touchdown in intraday movement. The current value is dropped by 4.10% from then.

Prediction and Conclusion

Verge is likely to fluctuate in the strong bearish zone, which indicates that ‘buying’ Verge is an ideal decision for the traders. Investors might have to wait for a little while and hang in there to enjoy some returns in the near future. But for the safer trade, the resistance level and support level is calculated as:

R3: $0.006342

R2: $0.006104

R1: $0.005971

S1: $0.0054

S2: $0.005362

S3: $0.005229

However, the coin is expected to trade around $0.01 by the end of the year.

VeChain Jumped Two Places in The Global Ranking, Launched BrightCode Commercial Ecosystem

Meta Data: The strengthening in VeChain (VET) is continued today as well. The long, as well as the short term trend, is still bullish.

Recently, the VeChainThor Mainnet v1.1.2 upgrade has been successfully activated. The VeChain Foundation has asked developers to build applications with the advanced fee delegation features. Additionally, VeChain Tool Chain has introduced BrightCode which is a blockchain-based commercial ecosystem and commodity confidence index platform.

On June 27, VeChain was trading around 0.00776116 USD. However, over the period of 25-days, the altcoin has gone down by a huge margin of 21.71%. But in a week of trading, the crypto has strengthened by 6.92% from the market price of 0.006070 USD on July 16. Yesterday’s trading day was almost flat, where it opened around 0.006100 USD and with a slight fall of 0.28%, wrapped the day at 0.006083 USD.

As per our prediction, VeChain (VET) will trade around 0.01 USD in the long term. At present, the immediate resistance for the coin is at 0.006195 USD and the support level is at 0.005918 USD.

Thor Mainnet update is doing wonders for the VeChain Foundation. The amount of positive sentiments, it created is impeccable. As far as trends are concerned, the long term is bullish. And one should expect a good amount of return in the altcoin in the short term as well.

British Fintech Startup Curve Raises $55 Million To be Valued at $250 million

Title: Another British Fintech startup manages to raise considerable funds for expansion

MD: The Fintech sector has been one of the strongest hubs of innovation in Britain for some time now and the latest investment in Curve proves that the sector is thriving like never before.

Over the past half a decade, Fintech has turned into one of the most exciting industries in the world and the United Kingdom; it has become a particularly big industry. The reason behind the growth enjoyed by the Fintech sector is primarily down to the fact that London remains one of the world’s biggest financial centers and hence, Fintech companies have managed to find a niche there. Plenty of Fintech startups have come up over the years and one of the more important ones is Curve.

In a new development that would come as another significant boost to the Fintech industry in the United Kingdom, Curve has managed to secure a total of $55 million from investors as part of its Series B funding. The funding round now takes its valuation to $250,000 and needless to say, Curve still has a fair bit to go before it can become a Unicorn. That being said, the startup has grown pretty impressively ever since it started its operations back in 2016 with a seed funding of $16 million. However, the company is now looking to expand its services and one of the most ambitious ones is the creations of Over The Top Banking.

The Curve is currently ranked among the top 5 Fintech companies in the United Kingdom and with this round of funding; it will concentrate on creating the new product. It is interesting to note that this particular round of funding has been led by one of the most influential investors in the Fintech industry, Gauss Ventures. Gauss is currently involved in some of the best-known Fintech companies in the United Kingdom at the moment. It is a ringing endorsement of the company’s work so far and it remains to be seen how Curve manages to compete with larger firms over the next months. The Chief Executive Officer of Curve, Shachar Bialick stated,  

While the challenger and traditional banks are busy fighting to win or retain new customers, Curve is building an Over-The-Top Banking Platform that provides customers with a better banking experience with no need to change their bank.”