XVG up 14.91% in 24 hours, is this forgotten payment coin about to make a comeback?

XVG (Verge) experienced a significant surge on January 13th. According to the latest data, XVG is currently trading at $0.006935, up 14.91% over the past 24 hours, which is part of its recent continuous upward trend. More notably, trading volume has shown a clear anomaly — 24-hour trading volume reached $24.62 million, a 452.58% increase compared to the previous day. Such a substantial increase in trading volume often indicates heightened market attention.

Not Just a 24-Hour Rebound

Looking at XVG’s recent performance, this surge is not an isolated event. Data shows that XVG has risen 12.50% over the past 7 days and 16.09% over the past 30 days. This means that the veteran payment coin launched in 2014 has been steadily rising in recent weeks, rather than experiencing short-term hype.

Currently, XVG’s market cap is approximately $114.59 million, ranking within the top 254 by market cap. Although it’s not a large project, its circulating supply has reached 100% (1.652 billion XVG), indicating that the project has entered a mature stage with no significant dilution risk from unissued tokens.

What Does the Surge in Trading Volume Mean?

The 452.58% increase in trading volume is the most interesting aspect of this rally. It not only indicates that the price is rising but also that more funds are participating. For a small-cap coin with a market cap in the hundreds of millions, such a sudden spike in trading volume usually reflects a significant increase in market attention.

Recent community activity on Twitter’s crypto community (CT) has shown renewed interest in XVG. Some analysts suggest that while privacy coins like XMR and ZEC are gaining attention, XVG — a long-neglected payment coin — might deserve a re-evaluation. This increased community focus often translates into higher trading volumes.

What Is the Project Doing?

Verge aims to be a secure and user-friendly payment coin designed for everyday transactions. The project adopts an open-source, community-driven model maintained by a global volunteer team. Its core features include low transaction fees, fast transactions, and the Wraith privacy protocol.

In terms of partnerships, Verge has gained support from payment platforms such as Travala, ChangeNOW, and NOWPayments, demonstrating real-world application. Compared to projects that only have whitepapers but no actual implementation, XVG at least has tangible payment scenarios in operation.

Key Points to Watch Moving Forward

Will the trading volume sustain?

The key is whether this surge in trading volume can be maintained. If it’s just a fleeting hype, the price may fall back. However, if community interest continues to grow, trading volume could stay at higher levels.

Breakthrough of key resistance levels

XVG needs to break through higher price levels to confirm an upward trend. The current increase is relatively moderate; it remains to be seen whether more funds will push the price further up.

Impact of market environment

The current crypto market faces risks of false information and scams. As a project emphasizing security and transparency, XVG might actually attract more attention in such an environment.

Summary

While a 14.91% increase may seem modest, the surge in trading volume and growing community interest are signals worth paying attention to. This veteran project, launched in 2014 and fully circulating, has been steadily rising in recent weeks, indicating that the market is rediscovering it. The 452% increase in trading volume suggests that this is not just individual speculative funds but a broader market focus. Moving forward, it’s important to observe whether XVG can sustain this upward momentum and whether community interest can translate into more lasting price support.