Verge (XVG) Price Spikes After Huobi Announces Listing

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Tue, 07/31/2018 - 11:15
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Yuri Molchan
The exchange to add the coin paired with BTC and ETH on August 1st
Verge (XVG) Price Spikes After Huobi Announces Listing
Cover image via U.Today

This morning, July 31, Verge (XVG), a coin focused on privacy issues, spiked by over five percent, despite the surrounding domination of sellers. The reason is that one of the biggest crypto exchanges Huobi has publicly stated its plans to list XVG.

XVG launch on Huobi

The platform is to start XVG trading on Aug. 1st at 07.00 UTC. The coin will be paired with BTC and ETH, the top virtual currencies. Deposits have already been enabled for the users.

The announcement in Twitter by Huobi has been made just recently.

 

Verge current market position

Yesterday, when the exchange announced the future support of XVG, the coin jumped and started trading at $0.025, rising over five percent.

Currently, Verge takes position 35 by its market cap in the list of top 100 coins. Over the last day, XVG trading volume increased, exceeding $31 mln– this happened mainly on three exchanges: Binance, UpBit and Bittrex.

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Verge was founded back in 2014, initially bearing the name of Dogecoindark project. Earlier this year the platform was attacked twice. One of the hacks was a 51 percent attack. Back then the hackers gained over half of the computing power to start mining the coin.

Other coins that jumped after listing

The trend is that all altcoins start growing after being added to big crypto exchanges. This has happened to several digital assets recently.

Among them is a little-known coin Dock, added by Binance, Stellar, ahead of being listed on Huobi, Holo (HOT), listed by Binance exchange, etc.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.