Verge (XVG), a low-priced altcoin claiming to have the potential to become the next major private payment currency, went through a long-awaited price recovery. XVG rose as high as $0.011 before retreating to $0.010. The asset spent a long time in sub-penny positions, dragged down by the bear market.
But XVG also had specific factors for its downfall, including a mining exploit that led to accelerated coin minting, as well as a 51% attack. The coin used multiple algorithms, but a hacker was able to take over one of them and dominate block production.
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