In a sea of sellers, a light has been cast on Verge (XVG). Huobi lists Verge, as announced Tuesday, causing the altcoin to increase nearly 5%.
Here’s what we know.
Huobi Lists Verge: Deposits Now, Trading Tomorrow!
On July 31st, Huobi announced the listing of XVG as a trading pair. According to the post, deposits are currently available, and trading will commence tomorrow, August 1st.
Launch of Verge (XVG) on Huobi Global! Deposit has started.
XVG/BTC & XVG/ETH trading pairs will be available tomorrow from 15:00pm August 1, 2018(GMT+8).
— Huobi Global (@HuobiGlobal) July 31, 2018
It’s not a surprise to see that the Verge news has caused the altcoin to increase. After all, Huobi is one of the biggest cryptocurrency exchanges. Not to mention XVG will be trading with Bitcoin (BTC) and Ethereum (ETH).
Verge Price: July 31st, 2018
At press time, Verge (ranked the 27th largest cryptocurrency by market cap) is selling for $0.024529, which puts the altcoin up 4.95% in the past twenty-four hours.
I know what you’re thinking: a slightly more than 4% climb isn’t that big of a deal. A fair point, however, not entirely true. The markets appear to be undergoing an extremely heavy correction at the moment, and Verge (XVG) is moving away from this, at least for now.
Looking at CoinMarketCap, all of the top ten coins are in the red zone, with Bitcoin down 3.61% and Ethereum down 4.83%.
Could This Be the Start of Something?
It’s no secret that Verge has been relatively quiet lately. However, now Verge may have a competitive edge.
It’s possible that the Verge launch on Huobi will give the crypto market a second wind of sort. If a major crypto exchange is listing the coin, don’t you think investors might want to be a part of that? Invest some funds back into the project?
What do you think of the Verge launch on Huobi?
If you’re a crypto investor and you’re interested in this, check out Huobi’s full announcement here. The article discusses things to watch for, like reading the tips in the deposit page.
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