Monero’s price did not begin the year on a very good note but later managed to pick up steadily. The bearish sentiment, which has engulfed the crypto market since July, has, however, turned the fortune for the coin with the price on a continual downslide, and there seems to be no respite from the bears. The YTD price movement of XMR coin shows that the price fluctuates in the range between $44 – $115.
Monero Price Prediction
XMR price started on a low note on $44.3958 on January 18. The price of Monero then started showing a steady upside momentum, which was welcomed by the investor community and reached at $93.4722 by a whopping 110.3% hike. On June 09, there was a slight hiccup for the coin when the price went down to the extent of 10.66% at $83.2364. The good fortune continued for the Monero with the price reaching a high of $115.7468 on June 26, and the upward swing was to the tune of 37.19%. Then, the bear attack got stronger and prominent in the crypto market in July. From here, it was a continual downhill for the XMR coin, and it went down to $52.7261, showing a fall of a heavy 54.76%. On November 13, the price of Monero recovered to the extent of 23.70% at $65.2216. Today, the price has again fallen to $54.5632.
Monero has shown its strength to recover at regular intervals. Though there are intermittent price rises, the XMR coin is still trading in the lower range. This short-term bearish trend is expected to last till the year-end, but Experts expect Monero to get back to its earlier ways of a stable upward momentum shortly. Investors may have to wait for some more time for the crypto market to show some stability as the bears are still in full control.
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