Monero Struggles To Boost Its Price – XMR Surpasses $80
The crypto market is looking better today, and all the coins are trading in the green, after a few days when crypto enthusiasts have seen a lot of red in the market.
The crypto market has been extremely volatile these days with coins trading in the red one day, and going green the next. Prices have been moving like crazy in the charts.
Monero’s price has been paving its way up on the price chart, and everyone thought that we’d see the privacy-oriented coin surpassing $100 really soon. There have been a lot of positive price-related predictions.
But, the coin was interrupted by the recent price drop that took everyone by surprise.
XMR shows a remarkable price improvement
CryptonewsZ writes that the coin has shown a remarkable improvement in the price from the last couple of weeks and now, it’s among the top 10 cryptos.
We reported not too long ago that XMR was able to hop on the tenth position on CMC.
Positive price predictions for XMR
The online publication mentioned above notes that “The price rally is indicating towards a prosperous time. The coin is anticipated to close the year around $100. The coin would be dealing with astounding profits in the coming years. The coin is recommended for long term traders. The given period will bring a huge return on investment for the traders.”
At the moment of writing this article, XMR is trading in the green, and the coin is priced at $82.50.
Technical indicators show that XMR will increase in price soon.
It’s been also reported that more experts have noted that long-term investors should consider buying the dip now because the Monero uptrend remains strong.
More than that, it’s also extremely important to mention the fact that the Monero development team managed to make huge privacy enhancements over the years and they will continue to do so.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.