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Price Analysis

Monero Price Analysis: XMR May Cross $100 in the Next Two Weeks

  • XMR may come out of the loop to trade above $100 soon
  • XMR may close the day trading above $90

Monero may have shown some stable trends in the last few months, but the coin is seen to head towards upward surge and may cross $100 value soon. The current price statistics of the coin also indicate bullish trends, and it may cross $90 by the end of today. The next week can be all about crossing $95 and then $97 to head towards bigger goals.

XMR to USD Price Statistics:

As on August 18, 2019, at 08:30:36 UTC, the price of XMR token is noted to be $81.92 and the coin has recorded an uptrend of over 4% in the last one month rising from $78.08 to its current value. XMR moved between $78 and $87 for a larger part of the past days but picked up some pace at the beginning of August to surge as high as $97.72. It has slumped since then and also hit $74.42 in between but is seen to gaining some pace again.

Monero price chart August 18
Monero Price Chart by Trading View
  • The price of XMR token is now $81.92 and 0.00806682 BTC
  • The market cap of the coin is now $1,405,400,628
  • The 24 h volume has reached $68,183,214
  • The ROI of the coin stands at 3,208.59%
  • The circulating supply is now 17,160,689 XMR

Yesterday the lowest recorded value of XMR token was $81.04 and the highest was $83.70. The highest recorded value of the coin in the last 7-days was $92.34 and it may start to trade above it in the next few weeks.

Monero Price Prediction:

Monero may seem to move very slowly as the coin has not been able to cross $97 target in the last few days, but it is all part of a strategic prep up to make it big. This may happen very soon when the coin moves past $100 target and starts trading above it in the next few weeks or by early next month.

Conclusion:

It is the best time to plan long term investments in the XMR token for higher benefits.

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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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