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
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About the author

Yuri has worked in crypto since 2017. A translator, quickly became a crypto enthusiast. He has worked for several Telegram channels covering cryptocurrencies. Currently is a news writer, covering crypto and blockchain-related topics.

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