Monero To $1,160? Analyst Sees Major XMR Rally Ahead
Cryptoinsightuk analyst Will Taylor says Monero’s multi-year structure could support a move toward the $1,000 area and potentially as high as $1,160 if the current weekly trend holds. Taylor shared a weekly XMR chart on X and tied the setup to a broader thesis around privacy coins, arguing that Monero’s market structure has continued to improve despite the regulatory and exchange pressure facing privacy-focused assets. “Looking to see if this trend continues or not. Structural higher lows and higher highs, with volatility of the upside moves increasing. I’m thinking a TP below /....
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Monero (XMR) is challenging the top four cryptocurrencies by market cap, having beaten Litecoin January 3 to reach an all-time high of $227.1 billion. Monero Taunts Litecoin. The privacy-centric altcoin is at press time hovering just below Litecoin’s $222.9 million cap again, making it the fifth-largest according to CoinCap.io. The entry into the top four marks a continuation of an eye-wateringly successful six months for Monero, the value of which as recently as August stood at just $2 per coin. Now, it is almost $17. While the market cap is certainly shy of the $1 billion predicted by....
The privacy-centric crypto asset monero has seen significant gains during the last two weeks, jumping 36% in value against the U.S. dollar. Despite the negative press from the “Spider-Man: No Way Home” torrents with monero mining malware, seven-day statistics indicate the crypto asset has gained more than 21%. Monero Sees Double-Digit Gains Amid Mining Malware Headlines The privacy-focused digital currency monero (XMR) has seen double-digit gains this week, while most of the crypto economy has suffered losses and seen a period of consolidation. Just recently, XMR made....
Monero has ranked among the top altcoins since its release in April, even earning its own market as a trading pair on the altcoin exchange Poloniex. However, the Monero price has been in decline for the past several months. CCN examines this altcoin price movement to help investors make wise trading decisions. Also Read: Monero Market Added To Poloniex Cryptocurrency Exchange. Monero Price Trending Downwards. The Monero price has been in decline for several months, and the fall continued during the past week. On October 24, the Monero price was 212,653 satoshis. Over the next two days, the....
Monero (XMR), a privacy-focused open source cryptocurrency, has agitated the digital currency community after demonstrating a nearly 100% increase in price over a 6-day period, from August 24th-30th. Users and investors of the currency, which has been around for over two years, have questioned the factors behind the sudden increase in the price of Monero. At the moment, experts suggest that there should have been at least five major factors which triggered the value of Monero: the integration of Monero by darknet marketplaces, continuous support of experts, legitimate cryptography, a rise....
Both Monero (XMR) and ZCash (ZEC) have surged approximately 8% in the past 24 hours despite stagnation in the Bitcoin price. This latest rally makes the two privacy-focused cryptocurrencies some of the best-performing digital assets of the past day. It appears that this rally is related to news that the U.S. government is targeting encryption. […]