Monero Price Analysis: Monero (XMR) Price Reflects A Visible Struggle To Climb Up On The Chart

  • Monero (XMR) ongoing struggle indicates positive signs.
  • The coin would soon come out of the drop.

Monero (XMR) price was seen paving its way up on the price chart but got interrupted by the recent price drop. The currency has shown a remarkable improvement in the price from the last couple of weeks. It is now among the top 10 cryptocurrencies in the market. We are positive that Monero would once again rise and shine in the market. Now, let’s have a look at the intraday price chart.

Monero Current Statistics:

The chart is taken from Trading View on 22nd August 2019 at UTC for price analysis.

XMR Price Prediction
XMR Price Chart by TradingView
Particulars Monero (XRM)
Price $80.31 USD
Rank 10
ROI 3171.66%
Market Cap $1,389,437,295 USD
Circulating Supply 17,168,002 XMR
24hr Volume $83,608,950 USD

Monero Price Prediction and Conclusion:

Monero (XMR) was dealing at 12th rank at the beginning of the last month. The coin improved its momentum and managed to climb up and replace Tron (TRX) from its position. The same indicated towards an upcoming upsurge in the coin. Many traders invested in the coin with a hope of future price rally.

The price rally is indicating towards a prosperous time. According to XMR Coin Price Prediction, the coin is anticipated to close the year around $100. The coin would be dealing with astounding profits in the coming years. The coin is recommended for long term traders. The given period will bring a huge return on investment for the traders.

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.

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