Verge (XVG) Leads Privacy Coins Following Huobi Listing

The price of Verge (XVG), a privacy-oriented cryptocurrency, is currently outperforming a falling market after it was announced that XVG will be listed on Huobi, the third largest cryptocurrency exchange by trading volume.

Verge (XVG) will be launched on Huobi Pro on July 31 (GMT+8) with XVG/BTC and XVG/ETH trading going live at New Zone from 15:00, August 1, 2018 (GMT+8). This latest listing announcement pushed the price of XVG up 7% before dipping with the rest of the market, now up 0.83%.

The AltDex Privacy Coin Index (ALTPRV), which defines and monitors cryptocurrencies and tokens focused on privacy or security, has fallen from 107.08 to 98.89 over the past 24 hours, representing a 4% loss.

AltDex Privacy Coin Index

Other cryptocurrency categories have struggled over the last 24 hours. The AltDex Exchange Token Index (ALTEXC), a benchmark index for the industry’s leading exchange tokens, dropped 5.72% while the AltDex 100 Cryptocurrency Index (ALT100), a single-gauge of the market’s large-cap cryptocurrencies and tokens, is down 3.57%.

More: AltDex Privacy Coin Index
Referenced: Huobi Global Launches Verge on July 31, 14:30 (GMT +8)

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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