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Monero (XMR) Surges This Week After Report With Bullish Forecasts Comes Out

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Tue, 09/04/2018 - 14:46
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Yuri Molchan
On the last days of August XMR was trading at about $97.36. The coin dropped to this level from the previous high of $110 after the heavy bearish wave
Monero (XMR) Surges This Week After Report With Bullish Forecasts Comes Out
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On the last days of August XMR was trading at about $97.36. The coin dropped to this level from the previous high of $110 after a heavy bearish wave. Nevertheless, on Thursday last week, a large ICO consultancy Satis Group released a report which called XMR one of the rising coins within the next ten years.

After this got reprinted by Bloomberg, the price of XMR/USD went up and broke the resistance marks. It then began trading at $142.70 and at the moment of writing the privacy-oriented token is worth $137,66.

The report claims Monero has a potential to grow to cost around $41,000.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.