Monero Records a 1.5X Growth Since the Start of the Year; Exhibits Its Efficiency

  • Monero gets thumbs up on its advanced security features
  • Monero is expected to cross newer price marks if the current market trend is improved.

In the last 30-days, the highest recorded value of XMR was $82, and if the trend gets better the coin is expected to cross this value soon again. However, this is possible if XMR escalates to move past $70 in the next few days and rise to $75 before the month ends. The coin has been one of the most talked-about for its security features, and this gives it an edge against many current top players in the crypto market.

XMR Price Analysis:

As on October 4, 2019, at 09:08:36 UTC, the price of XMR token is noted to be $55.27, and it has recorded a dip of over 25% in the last 30 days. The coin moved from $73.85 to $81.28 in the first few days but then started dipping and fell up to $55 gradually. The lowest recorded value of Monero in the last 30-days was $53.91. It has recovered from that but may take some time to move past $70 again.

Monero Price
XMR Chart By TradingView

XMR started the year trading at $46, and it is currently moving almost 1.5X above this value. According to the Monero Price Prediction, the coin’s highest recorded value in the last 90-days was $107, and it can be expected from XMR to cross $100 again before the year-end.

This is an excellent time to start investing in the XMR token, as the coin may yield good benefits in the long run.

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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