Why verge is going down ?

[Mudit47]

I heard that verge is getting support and interest from wealthy people, still I don't know why its down to 65 satoshi after being consistent on 140-170 for a time.

I have my trust in the coin but still its not doing good.

WHY?

[ghonkz]

you cant expect alt have 100% price stability that all depend on demand and offcourse the bitcoin price it self, but when some coin price go down other go up right ?

[CryptoBuds]

Dude, every investment should be middle- or long-term. Just buy it and forget for few months. It would be very wise decision I suppose Verge will be succeed. It's cool project with great concept.

[Buyingallcoinsz]

You expect a coin to rise rise rise only? No that is impossible. You can't expect that. Always it will go down too. Doesnt matter how much it always will. Nevertheless, this coin is great so I don't see why a way higher price is not possible.

[Murloc]

Why verge is going down ?

For people that did not followed the news about this coin (like me) it is still a secret why it went up in may:
https://coinmarketcap.com/currencies/verge/
It was pumped from 10k usd to 7 mln $ daily volume in a moment and then started a wild ride. The growth can't last forever and the current rate can't be stable.
Btw the recent price decrease is not that hard as it was some time ago.

[nightyTR]

I bought some verge today at lowest. I think it's preparing to rise. 3-4 days ago it broke it's resistance and dumped. Now It's time to buy some and watch.  

[toddy47]

Unless you have a whole heap of money invested in it, I wouldn't bother with day to day changes. Buy some, check it every few weeks or months, and then sell when you get the number you wanted or value is lowering continuous without a sign of recovery.

[Ains_sama]

I got the information from my friend, that xvg wallet is hacked, so xvg is down. And from that information they say xvg going to single digit. So for the buyer xvg be careful.

[onetwostep]

Anythin can be going up everytime. In crptoworld, you must learn to how can you wait.
Sometimes you have to wait more than 6 months to see upper prices.