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Price Analysis

Monero (XMR) Price Analysis: Guarda Wallet Welcomes Monero; 2019 Target Price Rests at $350

  • Monero (XMR) is now available on Guarda wallet.
  • Monero to reach 100 USD by the end of May.

The success of a cryptocurrency is measured through its availability and accessibility to the users. In the current times, the more the number of exchanges that support the currency, the better the goodwill the coin has. On a similar trend, Monero (XMR) has recently been added to the non-custodial, multiplatform wallet Guarda. Guarda wallet supports more than 40 coins including Bitcoin, Litecoin, Ethereum, and Ripple. The wallet has officially confirmed this on a tweet. With this, it is expected that the coin to have more users leading to a bullish market. We predict the coin to reach as high as 100 USD by the end of this month. And 2019 prediction goes with a high-bullish figure of 350 USD. Let’s now look at the current status of the coin.

Current Monero Price Statistics-

Monero chart

  • Monero (XMR) is the 13th largest coin with respect to its market cap.
  • The ROI (Return on Investment) of XMR coin stands at 3512.95%.
  • A total of 16,995,264 XMR coins are in current circulation.
  • The market cap as on 22nd May at 05:07UTC stands at 1,519,981,100 USD.
  • The value of each XMR coin stands at 89.45 USD and 0.01127875 BTC.
  • The current 24h volume stands at 83,837,753 USD.

Monero Price Comparison-

Since the starting of the year 2019, Monero (XMR) has been performing at a stable pace. There have been a few minor cases of steep movements. The lowest point of the coin was on 04th February at 41.55 USD. The highest point was achieved on 16th May when the coin was traded at 98.76 USD. The market cap on 22nd April was 1,155,496,715 USD, and the value of each XMR coin stood at 68.24 USD. The current market cap and the value in USD are 31.54% and 31.08% more than the figures for last month.

Monero Price Prediction-

As mentioned earlier, the coin is predicted to have a bullish trend in the medium-term and long-term. We predict the coin to reach the highly anticipated 100 USD by the end of this month. By the end of 2019, the coin will reach 350 USD minimum.

Conclusion-

New entrants will be profitable in the short-term as well as in the long-term. Once the 100 USD level is achieved, the investors need to trade cautiously.

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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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