Monero (XMR) Price Analysis: Monero Observed as those Growth Injected Currencies for the Years to Come

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Monero (XMR) is a private, secure, decentralized and untraceable cryptocurrency that was launched on April 18th, 2014. Monero ensures complete security of an individual’s funds and privacy where no one else can see anyone’s balances or transactions. Therefore, it is believed that with Monero “you are your bank” and one can spend safely. Monero blockchain cannot be linked to a particular user or a real-world identity.

monero chart

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Current Statistics:

Monero is ranked on 13th position and is a prominent cryptocurrency in the list of top 15. The market cap of Monero is 1,121,662,146 USD. The price (USD) is 66.38 and BTC price is 0.01372929 on April 04, at 8:50 UTC time. The 24h volume is 118,464,252 USD with a circulating supply of 16,896,944 XMR. The Return on Investment (ROI) for Monero is 2,593.90%

Analysis and Data Interpretation:

With the ending of the 1st quarter of 2019, according to the above chart by Coinmarketcap it is seen that there is a surge in the market prices of Monero. Considering the situation 15 days back, the price (USD) 56.64 was noted on top almost after a month on March 20th. Until then, for a month, the prices were increasing but at a less rate almost having a stable growth. Today, the price (USD) IS 17.19% higher than the one observed 15 days before. Also, important to highlight that with the start of the day, Monero was trading at the price (USD) 71.43. With respect to the current price (USD) 66.38 as at 8:50 UTC time, it is 7.06% lower from the one achieved at the start of the day.

Conclusion:

Therefore, as per data analysis, the changes in the growth or fall of the market based on the intraday data is of less concern against the astounding changes in ranking position, making Monero stand out and have a pocket full of profit for the potential investors.

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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