At a time when most of the traders in the cryptocurrency market were in panic mode, Verge, an altcoin made a surprise comeback in the market. Just like any other cryptocurrency, Verge provides privacy and anonymity to all its users. But, the tech that brings all this privacy is the Tor and I2P (Invisible Internet Protocol) which makes it unique from all other cryptocurrencies.
In the first week of April, Verge (XVG) has reported 50 percent weekly gains despite the recent downfall seen in the cryptocurrency markets. The price of this altcoin reached up to as high as $0.30. The market capitalization of Verge was reported to be at an all-time high of over $3 billion in this first week of April.
This surprise rise in the prices of Verge Altcoin is thought to be because of a tweet by John McAfee. In his tweet, he mentioned Verge as of the cryptocurrencies that can probably win the privacy race. Around this time itself, Verge saw its price increase by over 800% in just a matter of weeks. Though this increase in price was very impressive, it did not last long.
At the moment, Verge seems to be doing phenomenally well.
Blockchain solving cross-border payments