Monero Price Analysis – EUR and USD Markets Provide Some Relief

The past 24 hours have proven to be quite interesting for Monero and its community members. Although the altcoin failed in reclaiming is US$13 mark overnight, the price has not plummeted entirely either, which is a positive development. Despite significant losses in the BTC market, Monero remains on track to stay above the US$12 mark for the time being. Then again, anything can happen in the world of cryptocurrency.

Monero is Not Going Down Without A Fight

It is good to see Monero put up a valiant fight during this bullish bitcoin trend. With bitcoin setting a new all-time high for the first time since 2013, things are looking pretty bad for the majority of altcoins. Thankfully, there are some exceptions in this regard, including Monero. While the anonymity-oriented currency has not made any significant gains in value, it hasn’t dropped down like a brick either.

Over the past 24 hours, Monero’s value took a whopping 4.21% nosedive. Considering bitcoin’s moonward trajectory, that is quite positive for Monero. After all, the losses could have been in the double digits quite easily. Monero has a few things going

Read more ... source: LiveBitcoinNews

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