Monero (XMR) Overtakes Tron (TRX) And Cardano (ADA) – XMR Price Recovers
Monero is doing great these days, and it managed to jump two positions on CoinMarketCap.
Monero's popularity is on the rise, and more investors realize that the privacy-oriented coin became a viable investment for the future.
Monero has a massive fanbase in China, Bangkok, and more regions as noted by OurBitcoinNews.
The online publication writes that every government spies on their own citizens in order to combat threats and they point out the fact that XMR is a crucial digital asset which is able to help senders and receivers in all the corners of the world to remain anonymous.
Monero managed ti surpass Tron (TRX) and Cardano (ADA) as well. XMR is sitting on the 11th position on CMC.
At the moment, XMR is trading in the red on CMC and the privacy-oriented coin is priced above $86.
The best time to buy Monero
In other news, it’s been reported that now is the best time to invest in Monero.
According to crypto experts, now is the best time to buy.
The online publication Smartereum recently wrote that “A major drop in volatility, as well as a continued consolidation, were observed on the daily chart for the coin.”
They continued and said that “Analysts and traders in the crypto market usually see these periods of little activities as the best time to accumulate before the next big move takes place.”
More experts have noted that long-term investors should consider buying the dip now because the Monero uptrend remains strong.
It's also worth noting that the Monero development team has been also working constantly on improving the network's features.
You may recall that we're also getting closer to an important upcoming event scheduled for the Monero community.
Monero Village DefCon 2019 will take place between August 8 and August 11.
Stay tuned for more Monero-related news.
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