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Monero Price Analysis: Will Upcoming Hardfork Surge XMR Price?

Thanksgiving week has been eventful for the crypto market. The market saw highs and lows for many cryptos. As of now, most of the cryptos are in the green region with different price hike rates. Monero, at the 13th position, is one such coin. With a 7% increase, as of writing, Monero has shown considerable growth in the last 24 hrs.

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The current Monero price is $55.73 against USD while 0.00740107 against BTC. The 24hr volume of XMR is $153,687,670 USD with a circulating supply of 17,328,355 XMR. 

The 7-day Monero chart shows ups and downs. The week started with XMR trading at $58.15. However, the price slid down to las low as $46 mid-week. Further, the XMR price gained momentum and rose to its current price. 

Additionally, key indicators point towards a bull market in the future.  Daily RSI is reaching overbought while the MACD line is seen to cross the signal line. The XMR price might tend to continue forward. Monero fork is coming within 2 days. The hard fork will introduce a new POW RandomX. It might be interesting to check Monero prices following the fork.

Do you think Monero price may reach a trading value of $100 by the end of 2019? Let us know your views on our social media pages. For more such updates, follow us on Facebook and Twitter.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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