Crypto Predictions: Bitcoin, Litecoin And Monero
The crypto market seems pretty slow today with the most important coins trading in the red at the moment of writing this article.
FX Street brings up some new predictions targeting some essential coins in the crypto space. They’re addressing the state of Bitcoin, Litecoin, and Monero.
BTC to surge to $100k by the end of 2020
The most important coin in the market is struggling to come up with a clear direction.
Crypto enthusiasts are looking for some substantial evidence that could point out to such a massive surge. The $100,000 prediction has been floating online for quite a while now, and more experts believe that this is a viable possibility.
At the moment of writing this article, BTC is trading in the red, and the most important coin in the crypto space is priced at $7,175.11.
According to the online publication mentioned above, Litecoin has been oscillating inside a tight range since the beginning of December.
LTC/USD has barely changed in recent 24 hours, hovering below $44.00 barrier. At the moment of writing this piece, LTC is trading in the red, and the coin is priced at $43.90.
Experts are optimistic regarding the price of LTC, as well.
Monero has also been struggling to recover in terms of pricing lately. The privacy-oriented coin is still placed on the 14th position on CMC, and it’s trading in the red.
At the moment of writing, XMR is trading at $52.85.
Monero went through an upgrade recently.
It’s definitely worth noting that Monero’s hash rate increased by 186% in recent days after the team released the upgrade with the new mining algorithm RandomX.
The new rules are beneficial because they increase the network’s decentralization.
Other than this, in terms of pricing, XMR’s price rally stopped at the moment and we see consolidation.
Despite the huge volatility of prices, crypto enthusiasts have been choosing XMR as a viable option of investment, and the interest in the coin has increased a lot this year.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.