Price Analysis

Monero (XMR) Price Analysis: Monero Got Delisted on BitOasis exchange; Price Target $150

eToro
  • BitOasis exchange delists Monero without any explanation.
  • The 2019 target Price remains at $150.

In the times of development in the crypto exchanges, what makes into the special mention is when a coin gets sovereign approval from a nation. Last year there were stories that the United Arab Emirates was considering the launch of a regulated custodian and trading platform on the very popular BitOasis exchange. But, recently the same exchange has delisted Monero (XMR) and Zcash (ZEC) without informing its users. It used to deal with many cryptocurrencies like Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP), etc. The news of delisting comes on Reddit after a user posted the same on Twitter. The tweet says, “@bitoasis Suddenly you decided to stop trading with XMR and ZEC!!!what about informing people in advance?!” However, BitOasis has apologized for the same and promised to divulge more details on the same soon. We predict the coin to reach as high as 150 USD by the end of 2019. We should analyze the current figures to understand the growth pattern clearly.

Current XMR Price Statistics-

Monero price chart

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  • Monero (XMR) is the 13th largest coin in the market.
  • The ROI (Return on Investment) stands at 3414.51%.
  • A total of 17,002,951 XMR coins are in current circulation.
  • The market cap as on 26th May at 01:41 UTC stands at 1,478,308,926 USD.
  • The value of each coin stands at 86.70 USD and 0.01082311 BTC.
  • The 24h volume at the same UTC stands at 73,067,524 USD.

XMR Price Comparison-

Monero (XMR) has started the journey at a very low price as far as 2019 is concerned. However, it managed to grow with a good pace all over these 5 months. The lowest point of the coin was on 04th February at 43.01 USD. However, major growth was achieved between the last week of March and the 1st week of April. In just 8 days, the coin gained 34%. The highest point of the coin was on 15th May at 94.99 USD. The market cap on the 26th April was 1,069,922,030 USD and the value of each coin was 63.40 USD. The current market cap and the value of each coin are respectively 38.16% and 36.75% more than the previous month’s figures.

XMR Price Prediction-

We predict a very bullish short-term and medium-term outlook for Monero. The next resistance point will be likely at 100 USD and 125 USD. By the end of 2019, the coin will be roaming around 150 USD.

Conclusion-

This is a good time for the new entrants to dive in. Long-term holding is the key to larger profits.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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