24CryptoRoom.com - Your Trusted Source For Crypto-Currency News

Monero (XMR) Price Analysis: Will Monero Cross The 100 USD Mark In May?

0 90

• Monero’s partnership with Fortnite has made it accessible to over 200 million users
• Monero moves upwards in the current market bull run

Monero, a cryptocurrency ensuring non-traceability in every transaction, has always been in the news. Be it the strategic partnerships, a sudden rise in prices or the uniqueness of the platform. Monero has not only invited the interest of the investors, but also it’s counterparts and competitors who are eager to understand the working of the platform. Its partnership with Fortnite is a stepping stone to tap the online gaming community and hook them to Monero. The result is the current positive market trend.

Current Statistics:

• Monero has been placed at the 12th position in the top 100 cryptocurrencies list
• The ROI of the coin stands at 2,935.40%
• The market cap is noted at 1,274,609,230 USD as on May 13, 2019 at 12:24:01 UTC
• The price of the coin is trading at 75.08 USD & 0.01064352 BTC
• The 24 h volume at the same UTC is 53,321,660 USD
• The circulating supply of the coin is now equivalent to the total supply and is noted at 16,976,902 XMR

Comparison:
Monero has shown an upward trend of over 7% in the last 30 days with the highest recorded price at 79.71 USD. In the last 7 days as well, the price peaked to the same value. The first resistance level can be expected in the next week at 78.63 USD. The market cap of the coin was 1,182,314,727 USD as on April 17, 2019, at 03:34:00 UTC. The value was recorded at 69.86 USD & 0.01339937 BTC and 24 h volume was 97,797,463 USD.

Relating Article:  Cryptocurrency Federal Rules

Monero Price Prediction until 2020:
Monero has maintained a steady trend since the beginning of 2019 but has gained momentum post-March. The all-time high of the coin was last year on January 7, 2018, at 495.84 USD. Once again XMR token has been showing a consistent upward trend. The token can cross 100 USD by the end of May if it can cut through the competition and increases overall demand. The prices can soar as high as 500 USD by the end of 2019 crossing the all-time high and can reach up to 1000 USD in the next 2 years.

Conclusion:
Invest in buying Monero (XMR) in the next 2 days for long term returns.

Comments
Loading...