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 4^th of January this year, well, weren’t there to begin with. Now, it’s currently in its 5^th 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.