Price Analysis

Monero Price Analysis: XMR Acquiring Attention From Traders! It Might Hit 7-Days High Any Minute!

Kudelski Security successfully completes the recent second audit on Monero blockchain network. This audit was performed on RandomX. Monero might be expecting better surge after the same, and hopefully, the audit results will increase the credibility of the platform too.

XMR Price Analysis:

The value of XMR to USD is trading at $98.002 at 08:20 UTC on 7th July 2019. The other calculated essentials are:

  • Return of Investment: 3877.12%
  • 24 Hour Volume: 184,188,063 USD
  • Market Cap: 1,680,807,701 USD
  • Total supply/Circulating Supply: 17,084,354XMR/ 17,084,354 XMR
  • 7 Day high/low: 97USD / 82.01 USD

Monero Price Comparison:

Monero Price Chart - 7 July 2019
5-Day Monero Chart

Monero seems to be trading in the right direction. In the past few days, the value was trading in a downtrend, and now finally XMR price surges, it has acquired the attention of the traders. The lowest was seen on 3rd Jul at 16:55 UTC at $85.745. By the next day on 4th July at 17:05 UTC, the value increased by 8.89% with a trading value of $93.298.

However, it was dropped again when the value decreased by 7.55% on 5th July at 07:25 UTC. But, let’s not forget the hike of 15.20%, which actually grabbed the attention on the chart. Yesterday at 20:25 UTC, the value increased by $13.120, with exact trading at $99.449! However, this value is dropped now by -1.45% as of now.

XMR Price Prediction and Conclusion:

Based on the last 30 days analysis, the price of Monero is trending in the bulls’ trend, however, not too strong. It might surge below the baseline, or it might surge upright. By the end of 2019, the value might surge up to $150, which will call out for a celebration. For new traders to join the community, you might want to wait for some time for the price to surge in the bearish zone.

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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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