Monero Price Analysis – XMR Rushes Toward US$25 Mark

As was to be expected, Monero is one of the many altcoins currently enjoying a massive upward boost. The price per XMR has risen to well above US$24, and seems to be holding strong for the time being. Although there is no guarantee of seeing the price maintain this value for the long term, the overall altcoin momentum is rather bullish. Monero will certainly benefit from this momentum for some time to come.

XMR Soars past US$24 Over The Weekend

The price momentum currently found in the world of altcoins has not materialized before. So many currencies are gaining value all of a sudden, even though the Bitcoin price is not showing any sign of weakening just yet. With more money flowing into cryptocurrency as a whole, it is evident investors are diversifying their portfolios in a rather aggressive manner.

For Monero holders, this is quite positive news, as the altcoin’s value has been increasing steadily the past week. as of right now one XMR is valued at US$24.15, representing a 3.34% increase compared to just a few days ago. It is interesting to see Monero finally

Read more ... source: LiveBitcoinNews

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