Price Analysis

Monero (XMR) Price Analysis: Monero Surges by 3% in 24hrs

The crypto market is bleeding red again. Top currencies like BTC, ETH, XRP have seen a slight decrease in their prices. However, some currencies are standing strong and have a steady growth rate. Monero (XMR) is one such currency.

Monero is currently 12th currency as per the coinmarketcap list. At the time of writing, Monero is trading at $63.44 against USD, with a 24hr growth rate of 1.98%.

However, a day prior, Monero had reached $64.75 with a growth rate of around 3%. These numbers are a record on their own for the month of October 2019 as the market for XMR was slightly on a bearish side the whole month. The 24hr XMR traded volume amounts to $242,854,385 USD with 17,291,072 XMR in circulation.

XMR/BTC market

Even the XMR/BTC prices are on a higher trend with a growth rate of 2.97%. At present, the XMR is trading at 0.00688 BTC, while it had reached 0.007 BTC earlier.

Analysts claim that the bull appears to be stepping back into the market. Even the Technical indicators are pointing towards XMR prices having a bull run.

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Qadir AK

Qadir Ak - Co-founder of Coinpedia Blog - His interest as crypto Author, Editor, Speaker at cryptocurrency conference has made him known as passionate blogger and startup in Asia.

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