Monero Price Analysis – Battle For US$14 Price Point Wages On

Share on Facebook

Tweet on Twitter

Monero is currently in an uptrend, pushing both the USD and BTC value towards new highs over the past 24 hours. With a 5.5% increase in price, one XMR is currently valued at US$13.98. It seems likely Monero will break through the US$14 mark once again in the next few hours, although it remains unclear how long this trend will continue.

A Good Trading Day For XMR

People who have been holding or trading XMR in the past 24 hours will gladly take a look at the current price charts. A small bullish trendline is forming as Monero continues its uptrend, which started on January 7. However, compared to the value of January 4, there is still a US$4 discrepancy per individual XMR. It may take a while until the altcoin reaches that price point again, though.

An increase in USD value always generated a positive result for a currency’s market cap. In the case of Monero, the market cap is close to US$192m right now. We are still a long way removed from surpassing US$200m again, but the current upward trend seemingly makes it possible to achieve

Read more ... source: LiveBitcoinNews

SHARE

Facebook

Twitter

Previous articleIndonesia Tightens Fintech Regulations, Bitcoin Adoption On the Rise
Next articleBitcoin ‘Too Slow’ for Cannabis Industry Until Block Size Changes

Let's block ads! (Why?)

Powered by Bitcoin Central