Most people have been wondering how NEM Coin, traded under the ticker XEM, can have such price fluctuations across the markets, especially since it has one of the most massive supply volumes of any coin.
It recently skyrocketed up from approx. 160 Satoshi to above 400 Satoshi. Could Verge do the same thing? It has close to the same supply count of around 10 Billion, with approx. 1.1 Billion more than NEM’s supply of 8,999,999,999 XEM — of could this just a new fad?
In fact, NEM, which stands for the New Economy Movement, only really burst onto the Altcoin scene somewhat recently, and wasn’t widely known prior to 2016, and similar to Verge, these new coins are really taking off!
Verge (XVG) and NEM (XEM) are both similar coins, with similar metrics, including a supply of close to 10 Billion, while Verge is priced around 16 Satoshi, XEM is above 400 Satoshi. It will be interesting to see if this gap closes or widens over time.
In other news, ETHER coin hit new highs last week, hitting a new high of .027 BTC per coin.
Since Sunday’s high, it has now set around the $9.86 USD, or .023 BTC point.
DASH Coin is also coming off a small high, and has lowered back to around $4.35.
For the heck of it, we went to XVG (Verge) website: http://vergecurrency.com/
We are impressed with their new branding and wonder, do you think they have a good website?