• On the time of writing, the worth of the XVG token has surged 295% within the final 7 days.
• The token was buying and selling at $0.006906.
• The Verge’s market capitalization has additionally risen almost 400% over the previous three weeks.

What began as a gradual and regular bull marketplace for the Verge (XVG) token was a monstrous bull market on June third after the token value rose almost 300%. And whereas the worth has retreated barely from his June third excessive, it’s nonetheless 295% increased than it was seven days in the past.

The Verge was lengthy regarded as lifeless after a pointy drop in early 2023, when most cryptocurrencies have been exhibiting indicators of restoration from the 2022 bear market. However that every one began to alter in mid-June when the present bullish development started.

Verge buyers and merchants are excited in regards to the present bull marketplace for the token, however most crypto buyers stay skeptical of the uptrend as they query why the token goes up in value. This text explains why the worth of the Verge (XVG) token is growing.

Elevated Verge (XVG) exercise

Along with the worth spike, The Verge’s buying and selling quantity additionally elevated, with a staggering 380% surge in buying and selling quantity on June 4 to a document $507 million. And though buying and selling quantity had fallen to $480 million on the time of this text, this determine nonetheless signifies excessive buying and selling exercise.

Along with elevated market exercise, there are speculations of attainable manipulation by veteran crypto buyers, often known as crypto whales, who wish to divest themselves of their massive XVG holdings for revenue. Possibly. Whereas this has not been confirmed, you will need to watch out when buying and selling cryptocurrencies as they’re extremely unstable property.