Price Analysis

Monero Price Analysis: Monero (XMR) Price Is Tumbling Rapidly

eToro

Recently, the Monero has announced a new, Monero-RPC-RS, project to join the altcoin’s ecosystem. The project is an RPC client written in Rust for Monero daemon and wallet. Additionally, ShopinBit.de, an e-commerce website, now accepts Monero as a mode of payment. On top of that, Exodus, till now, has only desktop supports for Monero. However, the team is working on adding it to the mobile app as well.

Current Statistics of XMR Coin (On June 27, at UTC 08:31):

Monero Price Chart - 27 June
Monero Price Chart
  • XMR was trading around 95.255 USD.
  • At the same time, Monero was trading at 0.00782945 BTC.
  • Additionally, the market Cap of the Monero was 1,632,183,566 USD.
  • With a Return on Investment of 3,766.32%, the 24-hour trading volume was 227,052,551 USD.
  • Circulating supply in the market was 17,065,573 XMR.

XMR to USD Price Comparison:

On June 03, Monero (XMR) was trading at 96.129 USD. However, today, the altcoin is trading with a dip of 0.9%. Similarly, in the weekly chart, the crypto has gone down by a substantial margin of 11.2%, from the trading price of 107.3 USD on June 21. On top of that, the most shocking one is the decline of the coin yesterday. In an intraday trading on the other day, the altcoin has seen a decline of 7.47%. The crypto opened yesterday at 112.30 USD and wrapped the day up at 103.92 USD.

eToro Crypto

Monero Price Prediction:

Monero (XMR) is going down rapidly, breaking all the support levels. It is difficult to make any prediction in such circumstance. As of now, the coin is expected to stoop down further and might touch below $90.

Conclusion:

The sudden fall in the price of Monero (XMR) has put the investors in the sense of panic. However, there is a golden opportunity for risk takers, as they can purchase the altcoin at low prices and hope for a high reward once the market correction occurs. Interestingly, the crypto space is moving almost flat, and any good news can help Monero (XMR) in making a sharp bounce back again.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

Related Articles

Back to top button