Monero Price Prediction
Best advise? Study these charts 📖
Today's ForecastsMonero(XMR) opened trading today at $51.38. It achieved a Market high of $51.90 and a subsequent Market low of $49.50, Representing a change of $-0.19 and price percentage change of -0.37% . Its current Price is $51.19 representing a market share of 0.00% only.
A total volumn of $982,086 worth of Monero traded hands today, achieving a Maximum Market Cap of $860,469,056 for the day.
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The Bull Case 🐃 for Monero
Many people are looking to invest in digital assets (including Monero) owing to the enormous return which they provide. Even the institutional investors are trying to invest in such assets. This is highly positive for Monero as a platform. As the traction of the platform increases more and more, the price of the cryptocurrency would also go up. This is a huge positive for the platform in the future.
With the thrust on the digitization of assets increasing and the awareness of cryptocurrency assets also on the rise, Monero has a lot of potential ahead. As long as the organisation is able to execute their strategy the price of the token would also keep on increasing. This will attract a lot of investors to this cryptocurrency.
Monero is currently trading around $51.19.
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Price Predictions for Today, This Week and This Month 🚀
Critical Fundamental Analysis of Monero
Monero (XMR) is a cryptonight algorithm based alternative crypto currency. The coin is based on Proof of Work and has a block reward that varies smoothly. The difficulty retargets every block with a sixty second block target.
Monero uses a Ring Signature system to protect your privacy, allowing users to make untraceable transactions.
- Privacy (Untraceable payments, Unlinkable transactions)
Monero daemon uses the original CryptoNote protocol except for the initial changes (as the block time and emission speed). The protocol itself is based on ring signatures (Daniel J. Bernstein's Curve25519 + Ed25519, Schnorr signatures on a Twisted Edwards curve) and stealth addresses. The end result is passive, decentralised mixing based on heavily-tested algorithms.
The smart mining forthcoming feature will allow transparent CPU mining on the user's computer, far from the de facto centralization of mining farms and pool mining, pursuing Satoshi Nakamoto's original vision of a true p2p currency.
Monero has no hardcoded limit, which means it doesn't have a 1 MB block size limitation preventing scalability.
XMR Trading Stats for Today - 2019-02-22 05:15:18 +00:00 GMT
|Current Supply||16,809,320 XMR|
|24h Volume (coin)||19,470 XMR|
|24h Volume (currency)||$982,086|
|Last updated||2019-02-22 05:15:18 +00:00 GMT|
Other Price Forecasts similar to Monero(XMR) :
Common XMR Price Prediction Questions
What is Monero’s potential future value?
XMR's future value is strongly correlated to it's Fundamental Analysis. We made this easier by giving a short concise write-up here on what Monero is and what it does. This is because Monero's price will only rise and make you rich if it’s doing something special e.g. Ethereum which made it possible to create simple smart contracts on the Blockchain, minted the most number of Crypto millionaires. Now ask yourself - Can XMR make you one?
What is going on with Monero's price?
In order not to be too rattled, read our Fundamental analysis above on Monero to know if it’s a good hodl.
How high will Monero go?
No one really knows for sure. We however predict XMR might be 4x by end of 2019. This will depend however, on the larger crypto market 4xing as most coins whether good or not, mirror Bitcoins loses or gains. If in doubt about any coin, either BUY BTC, ETH or stay out of the market. For now!
Why is Monero(XMR) rising today?
On a day to day basic, we do not have that information. However, look above to see our Fundamental Analysis of Monero to see its expected value. You can also visit Monero's website here - Visit website.
A good reason for any intra-day pump is usually partnerships, implementations of a roadmap e.g. Mainnet launch or listing on a new exchange (mega-pump).The Monero website page will quickly provide you with that value.
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Why is Monero's price going down?
It’s difficult to tell right now as the daily XMR candle hasn’t closed. However a quick way to know the reason for any sudden disruption in Monero's price is to look at its social media feed to see if it released news that the market revolts at or it’s simply a red crypto day.
To view the Social sentiments for Monero, Simple click the Social Button on this page, located immediately below the Price Charts.
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XMR Live Prices Data
Monero Daily Price History