Monero (XMR) In The Crypto Market At The End Of 2019

Today is the last day of 2019, and the crypto market could not be bloodier. Bitcoin and all the important digital assets are trading in the red at the moment of writing this article.

Monero is in a moderate bearish trend

It seems that Monero is finishing 2019 locked by a moderate bearish trend.

The digital asset is struggling to climb up but it ends up in vain, according to Namecoinnews online publication.

“However, the loss seems marginal and the prospect of improvement is quite high. The traders of the coin are aware of the movement. Monero is speculated to embark the uptrend soon,” they write.

The same online magazine continues and points out that “The intraday movement of XMR coin might remain at a similar range as the chances of improvement are quite thin.”

At the moment of writing this article, Monero is trading in the ed just like the most coins on CMC.

The privacy-oriented coin is placed on the 15th position on CMC and it’s trading at $45.79.

Monero in the news

Monero made a lot of headlines this year regarding more subjects and you may know that one popular subject was related to mining.

Other than this, Monero gained a lot of recognition this year and more crypto enthusiasts chose the coin as their option for investment.

Privacy has been gaining a lot of fans these days as well and people are understanding more and more the importance of anonymity and privacy in the crypto space.

These are the main reasons for which XMR has been gaining popularity.

Just the other day, Monero made headlines when it was reported that Europol confirmed the anonymity of Monero.

Neither the IP address nor the transactions themselves can be traced. Overall, as a conclusion, Monero is a key example of the reasons for which privacy should never be an opt-in solution.


Companies Mentioned

CoinMarketCap
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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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.

2153 Articles

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CEX.IO

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Coinbase

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BitStarz

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