Price Analysis

Monero (XMR) Takes Giant Leaps To Entice The Gaming Community; Shows Upward Trend

Monero was introduced in 2014 as a wholly private decentralized blockchain based cryptocurrency. The growth has been tremendous since then.

Current Statistics:

Monero

  • Monero is ranked at the 12th position in the top 100 cryptocurrencies list by the CoinMarketCap
  • As on May 07, 2019 at 08:29:00 UTC, the market cap of the coin is $1,167,660,612 USD.
  • The price of the coin is trading at 68.83 USD and 0.01165085 BTC
  • The 24 h volume is 47,914,861 USD
  • The ROI of Monero (XMR) is currently 2,705.98%
  • The circulating supply is equivalent to the total supply and is recorded as 16,965,108 XMR.

Comparison:

  • The upward trend of over 0.8% has been seen in the last one month
  • The highest price was noted as 72.51 USD, and the lowest reached over 59.78 USD in the past 30 days
  • In the last 7 days, the highest price was 69.78 USD, and the lowest was recorded at 60.23 USD
  • As on April 10, 2019, at 05:34:00 UTC, the market cap of the coin was 1,153,808,545 USD
  • The price of the coin was trading at 68.24 USD and 0.01314705 BTC
  • The 24 h volume has been 90,295,568 USD

About:

Monero (XMR) is a private cryptocurrency enabling users to manage their finances, money and transactions anonymously and securely without any involvement of the third party. It is digital cash being used and managed by a user network. It claims to be untraceable and fungible and hence is being trusted upon by major institutions.

Prediction:

Monero team has recently announced its partnership with the Trippki Hotels for booking rooms. The team is currently busy for their upcoming event in NYC on May 13th and promoting it aggressively on their social media platforms inviting more and more participation. Since the beginning of 2019, the currency is doing rounds for its strategic partnerships, online promotions, events and introduction of advanced features. In January 2019, Monero partnered with the Xbox gaming team to become the first official cryptocurrency to be used as a payment option while playing Fortnite, a popular game with millions of players and followers. The currency is also being used for the purchase of products online. The team has been providing all resources on the website, through blogs and by organizing events to help the expanding community use XMR in transactions and as a feasible payment option. The guidelines are easy to understand and implement which leads to increasing acceptance of XMR. The price can reach as high as 100 USD in the next two quarters and can peak to almost 150 USD by the end of 2019. This happens in a scenario when the cryptocurrency market faces no further blows or fluctuations in the coming days.

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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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