Crypto News | Verge jumped 800 percent in December

As you all know, the market of cryptocurrencies has been developing quite fast in the last couple of months. It all started with bitcoin, but now there are many cryptocurrencies that people use to buy and sell. We’ll begin our today’s news review with one of the emerging cryptocurrencies – verge. Verge is a cryptocurrency that tends to make transactions completely anonymous. It was created in 2014 under the name DogeCoinDark and it’s virtually untraceable. Besides that, verge is a 100 percent open source project, meaning all members of the community can give input into any decision made about future changes. As for the price, verge jumped 800 percent in December. It rose astronomically between December 12 and December 19, but its today’s price is set to $0.1804. If you’re going to enter the game with verge, now it might be the time. The volatility is increasing, and its price is on the rise as well. As stated, verge jumped 800 percent in December, so it will be very interesting to see how things develop.

As for the second emerging cryptocurrency – ripple – its market value rose to over $100 billion and now this is the second most valuable cryptocurrency after bitcoin. Ripple’s gains in 2017 were higher than those of ethereum and bitcoin, so this also might be a good investment decision. The company has more than 100 banks that use the platform RippleNet, and it’s also been accepted for testing by a consortium of Japanese banks.

In the last part of our review, we bring you some economic information from Asia. According to the latest news, global growth will probably continue. In China there’s a big rise of manufacturing growth and their monetary policy should help it rise even more. The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) rose to 51.5 last month. Taiwan, another major tech producer, also increased its manufacturing activity.


Recommended reading

Author's overall rating:
Author: Max Rothstein

RISK DISCLAIMER has taken reasonable measures to ensure the accuracy of the information in the website, however, does not guarantee it. The data exhibited in this website is not necessarily always real-time or completely accurate; this includes market analysis, forecasts, signals, assets’ price quotes and charts. Readers should not treat any opinion expressed by the authors of as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of their current opinion. The risks involved in trading binary options are high and may not be suitable for all traders. doesn't retain responsibility for any losses readers might face as a result of using the information presented in this website. This website is owned by Next Media Corp.
In accordance with FTC guidelines, has financial relationships with some of the products and services mentioned on this website. may be compensated if consumers choose to click links in our content and ultimately sign up for mentioned products.
Binary options are not promoted or sold to retail EEA traders. If you are not a professional client, please leave this page.