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.
Vladislav Sopov
Denys Serhiichuk
Tomiwabold Olajide