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Verge (XVG) Shows an Amazing Progress in the Market with the Bithumb Listing
Verge is “easily” one of the top trading currencies of the last week of November, which many are contributing to the addition of XVG to one of the biggest exchanges, Bithumb.
Bithumb is considered to be one of the top exchange markets when it comes to the trading volume, counting over 1.5 billion dollars in trading and exchanging.
By far, Bithumb listed over 60 different digital assets, which includes all top trading currencies such as Bitcoin (BTC), Ethereum (ETH) and Ripple’s (XRP), and as of several days ago, on November 28th, the exchange announced a new listing for Verge (XVG).
It appears that the addition of XVG on Bithumb was the needed push in the market for Verge as the crypto surged to collect over 40% of rises in a single day, only two days after the listing has been made official.
Verge (XVG) Surges with the Bithumb Listing Announcement
Listings, as well as integrations and partnerships, carry a great significance for cryptocurrencies in the market as well as these additions may often affect the price of a given crypto in a positive way.
It is considered that the same thing happened to XVG several days ago once the crypto was announced for a live trading listing on Bithumb, one of the most popular exchanges in the market.
Bithumb now has nearly 70 digital assets listed on the exchange, and with Verge added to the list, XVG got more exposure to Bithumb users.
It appears that the rise of XVG was triggered not only by a recovering market but also due to the listing announcement as XVG was able to show an improved progress in the market in oppose to its peers.
That is how Bithumb shared another announcement on November 29th, only a day after the initial listing statement, revealing that XVG is one of the top trading currencies of the day with 22% of gains in less than 24 hours.
The time of the surge matches the time when the listing was made official, so Bithumb had most probably provided the push with the announcement from a day before.
The next day, XVG continues with the surge, so we could have seen it at 40% of gains in a single day.
Verge (XVG) is Rebounding after the November Drop
November took over -50% of the value of cryptocurrency market as all cryptos were pushed downwards to touch their new lows for the year, which also included XVG which is now being traded at 0.007$ with the latest rises.
The beginning of December seems to have brought at least a portion of relief to cryptos, so we can see the market slowly recovering on the second day of the last month.
That is how XVG is going up by over 6% in a single day on December 2nd, also showing a positive return of around 40% in the last seven days.
The latest surge also provided Verge with a positive return year to date, noting improvement of over 20% for the last year despite the dominant bear trends in the cryptocurrency market.