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

  • Yuri Molchan
    📰 News

    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

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.

Cover image via u.today
Only the most important posts per day. Infographics, analytics, reviews & summaries. Follow us on Facebook!

About the author

Yuri is a 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. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

👓 Recommended articles

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings