Monero (XMR) price is currently dealing with a bearish trend. From the last six days, the coin is experiencing a heavy fluctuation. The volatile movement is not only affecting XMR but the market as a whole. The month was expected to help the coins grow as in the last quarter the market suffered a lot. We are still hopeful that the fluctuation would invite the much-awaited upsurge in the market.
If we look at yesterday’s chart, XMR was seen touching a high at $56.83 and a low at $55.13. Let’s have a look at today’s graph and see what’s hidden for today.
XMR to USD Price Chart:
The data feed is gathered from Bitfines on October 7, 2019, at 04:29:22 UTC for price analysis.
Looking at the chart, we can observe that the price fell tremendously. The fall started with the beginning of the day. The price counter first moved from $56.6 to $56.2 by 0.65% and later to $55.5 by 1.33%. There was a moderate recovery that brought it up to $56 by 1.22% but it again fell to $55 by 1.50%. There was another recovery that brought the price back to $56 by 1.70%. Later, the price fell tremendously to $54 by 3.35%. The final recovery took the price to $55 by 1.44%. The currency marked an intraday fall of 3.06% as it closed at $54.8. Today, XMR to USD marked improvement in the price. The counters moved from $54 to $55 by 0.87%.
Monero Price Prediction and Conclusion:
Monero is counted among the result giving cryptocurrencies in the market. The future is speculated to be great for the coin. The traders who have been investing in XMR must be aware of the benefits that come along. The current scenario mustn’t be impressive, but the future is anticipated to hold better results.
As per the current statistics, the market cap is noted as $951,613,866. The 24hr volume is standing at $80,986,275. The circulating supply is marked as 17,245,713 XMR. The ROI (return on investment) is at 2130%.
By the end of 2019, Monero would be at $75. In the next term, Monero is expected to deal with a 3% to 4% profit. We would recommend long term investment to the interested investors. It is believed that XMR would give the expected result in the specified period.
