Monero Price Analysis: The Digital Asset Is Still In The Green

It was recently reported that in a bearish market in which the most important cryptos have been having quite a tough time lately, Monero’s price went up by 9.96%.

Today, XMR is still trading in the green, and the crypto is priced at $106,47, going up by another 1.81% since yesterday.

Monero attracts investors

It’s quite impressive that Monero manages to still go up after the bloodbath that hit the crypto market this year with experts even wondering whether some of the altcoins will ever be able to make it back to their previous heights.

XMR is mainly focused on privacy, decentralization, and fungibility and these are definitely three of the most critical features that investors are looking for in 2018.

It’s also important to mention that the token was created back in 2014 and this means that it managed to survive the huge bear market which took place between 2014 and 2015.

FireShot Capture 90 Monero XMR price charts ma  https   coinmarketcap.com currencies monero  - Monero Price Analysis: The Digital Asset Is Still In The Green

As we can see, Monero is surviving this bear market as well, and one of the reasons might be the fact that the native asset digital money is still the best use case for blockchains and the demand for private transactions in the cryptosphere will never disappear.

Significant updates and developments support the digital asset

Just recently, Monero announced a Monerujo app update.

The open source mobile application which allows users to create and manage XMR wallets welcomed the 1.6.3 version of its protocol released a few days ago.

In this new update, Monerujo team announced that it introduced a few significant changes from the previous version.

After the useful features that this latest update brought, users will be able to create a Monero wallet on desktop GUI 0.12.3 via a Ledger Nano S, and then they will also be able to use the Monerujo app in order to connect and manage the wallets via phone.


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CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

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Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

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