Verge (XVG) Privacy Coin Price is Increasing Due to Speculation of Mining-Oriented Upgrades

Verge (XVG)’s market price is going up and it likely has to do with an upcoming announcement that is speculated to be about mining-related upgrades. On Monday, Justin Vendetta tweeted a message about the upcoming announcement, stating

“ooops, misread. Wasn’t supposed to share that until Monday. To those of you that already signed up, congrats!”

Although this statement has led to speculation, it seems to be having a positive effect on XVG prices. The coin reached a peak of $0.072. Some believe that the announcement has to do with XVG cost upgrades, which may involve specific login processes. The platform’s team has not even discussed a deadline on the proof-of-stake, but based upon the most recent code upgrade, the platform could be working on staking coins first.

What is known for sure though is that the platform’s team is working on enhancing its iOS wallet and there may be an upcoming release? The platform’s team also stated that it has not noticed any major issues with the latest beta versions, stating

“As time passes, the iOS wallet development is getting fairly robust in terms of functionality and ease-of-use. Major issues since it’s public beta launch on the 4th of January this year, well, weren’t there to begin with. Now, it’s currently in its 5th beta release and we can slowly start planning on actual release. How exciting.”

The platform is also largely focused on trading through Binance and the XVG/BTC pairing. In addition, the platform is also looking for methods concerning better block signing and security, especially after an attack in May of 2018. The attack occurred because of a mining algorithm that had been exploited by a malicious miner who wanted to produce more XVG coins ahead of time.

Those who are looking at the platform’s price should be aware that even though it is going up, it is based upon speculation, which Is risky.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide