Monero (XMR) Predictions: Monero’s 100 USD Target May See a Delay

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Monero crypto coin has some of the best features to keep the transactions complete anonymous and secure. Unlike all other major cryptocurrencies, Monero is untraceable, and like fiat currency, it has no ownership of its value. It has some advanced technologies like Ring Signature and stealth addresses. Ring signature hides the authentication keys, and the transaction data are not shared with anyone. Stealth Address encrypts the origin address of the transactions. Monero coin has given a wonderful platform for payment and settlement which is completely decentralized.

Current Statistics-

Monero (XMR) is the 13th largest crypto coin in the market with 2680 % of ROI (Return on Investment). The current circulation of coins is 16,907,297 XMR. The market cap on 09th April at 06:49 UTC is 1,163,664,886 USD. The value of each coin in terms of USD and BTC are 68.83 USD and 0.01319229 BTC respectively.

Comparison-

The value of Monero (XMR) has not been consistent in the market. In the first week of February, it has reached its lowest point, and the highest point was reached in the last seven days itself. The market cap on 09th March was 849,360,100 USD. The value of each coin in terms of USD and BTC were 50.43 USD and 0.01285959 BTC respectively. The current market cap is 37 % more than the market cap before 30 days, and the value of the coin in USD has grown by 36.48 % in the last 30 days. The value of Monero (XMR) has reached as low as 42 USD in the first week of February, and it reached its zenith 70 USD now.

Prediction-

The midterm prediction is bullish for Monero (XMR). The price is now hovering around 70 USD, and the next resistance level would be 78 USD, 80 USD and 82 USD. It has very bright chances of touching 85 USD this month. The short term market may face a bearish outlook owing to the resistance it felt today near 70 USD. But, long term growth would be surely better. By the end of 2019, it is expected to reach as high as 100 USD. The short term investors are advised to hold for some more time to pass the crucial resistance phase, and it will surely pay the dividends. Long term investors will be highly beneficial as the price is predicted by experts to inflate over 400 % by the end of 2020.