#Verge (#XVG) Rises By 30% in a day as “Alt-Season” in Q4 Approaches
The rise in Verge Currency in the past few days comes as no surprise as the whole market faces a resurgence in price. The privacy coin saw its price increase to $0.018643 USD, representing a massive 31% increase in the last 24 hours. The coin has however, had a rough year as the partnership with Mindgeek was heavily criticized by various sections of the cryptocurrency community and the platform facing various 51% hacks on mining. With August troubles gone in the cryptocurrency universe and a fresh air of gains here with September, we look at the blessing of the ‘alt-season’ on Verge currency. “After the summer holidays in July and August ends, real work begins in September” – this was the sentiment of one Twitter user on the state of cryptocurrencies for the past two months. The world of cryptocurrency has seen a strong bullish momentum on the first day of September following the sharp fall in prices experienced in June, July and August.The ‘alt-season’ is here with us as September commences. This is a period when smaller cryptocurrencies gain rapidly in price during a given period of time. The past 24 hours has seen the total market capitalization surpass $240 billion mark, representing a 6% day gain which is very positive to the crypto communities.