Monero (XMR) Price Skyrockets 10 Percent and Surpasses Tron (TRX)

News
Thu, 10/17/2019 - 07:10
Alex Dovbnya
Monero (XMR) surpasses Tron (TRX) with Cardano (ADA) and LEO being the coin's next targets
Cover image via www.123rf.com

The price of Monero (XMR), the privacy coin that usually moves in tandem with Bitcoin (BTC), has spiked by about 10 percent over the last 24 hours, CoinStats data shows. At the time of writing, the cryptocurrency that offers its users complete anonymity is trading at $56.88, its highest price level in more than a week.   

image by coinstats.app

The recent price increase allowed Monero to trump Tron (TRX) and occupy 13th place by market capitalization on CoinStats. Justin Sun's controversial coin is currently down 6.11 percent, thus becoming the worst-performing coin inside the top 20.  

Related
Monero Devs Disclose Nine XMR Bugs That Could Have Allowed Stealing XMR from Exchanges

According to data provided by CoinMarketCap, the leading cryptocurrency ranking website, the two altcoins are also neck-to-neck. The market capitalization of Monero surpasses that of Tron by less than $1 mln. 
 

image by coinmarketcap.com/

If Monero exceeds its gains, it could also edge out Cardano (ADA) and Bitfinex's LEO token that are sitting at 12th and 11th places respectively. 

However, Stellar (XLM) is currently out of reach for the top privacy coin, which means that it isn't likely to reclaim its spot within the top 10 anytime soon. 

Meanwhile, BTC is trading just below the $8,000 level, but John Bollinger predicts that its recent drop could be a head-fake.

Will Monero break into the 10 coins on CMC? Share your prediction in the comments!  

 

Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

Top 10 Best Cloud Mining Sites in 2020
TOP 20 Best Bitcoin Trading Bots in 2020

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