Monero Is Still Struggling Below $75, But Interest In The Privacy Coin Remains High
Monero is one of the few coins that are trading in the green today.
The crypto market is filled with red prices again, and the privacy-oriented coin is priced at $72.38 at the moment of writing this article.
People’s interest in this coin has not disappeared, although the crypto market showed massive signs of volatility lately.
More and more crypto enthusiasts seem to have understood what Monero’s Riccardo Spagni has been highlighting for quite a while – the importance of privacy.
Monero is the king of privacy, despite the undervaluation of the coin
And more crypto investors are acknowledging that Monero is the uncrowned king of stealth cryptos, as Cryptopolitan calls the coin.
The online publication makes a comparison between Bitcoin and Monero, and they address the advantages regarding privacy that XMR has over BTC.
They also remind readers that “Monero’s price almost reached five hundred dollars ($480) during January 2018. However, the price has been stumbling since.”
The online publication mentioned above also notes that “The price reached forty dollars in the 2018 market crash. It recovered back to above one hundred dollars in the following bears.”
Monero is surrounded by optimistic price predictions
Regarding the price of XMR, the coin is still surrounded by optimistic predictions these days.
CryptoNewsz noted not too long ago that even if the current situation of the privacy-oriented coin is not its best, XMR was still able to offer a good return to investors during the past week.
According to the online publication mentioned above, “Monero has battled with the market trend and kept climbing up. We are speculative that it would happen with the coin again. Monero would once again come out of the fall and shine again.”
Overall, the crypto market has been extremely volatile during the past weeks, but this doesn’t stop positive forecasts from popping up in the crypto space.