Price Analysis

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

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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.

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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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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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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