Privacy focused cryptocurrency Monero has been a popular name in the cryptocurrency markets. Be it for its privacy-focused approach or be it one of the numerous controversies the currency tends to find itself in time and again, Monero's popularity is immense. XMR prices have been going through a number of ups and downs over the past few months, but it looks like there's a short spike coming soon. Let us take a closer look at XMR Price performance over the past 24 hours, the past 7 days and a look at where the price may be heading.
XMR Price Over The Past 24 Hours
The past 24 hours weren't as good for XMR investors as they'd want them to be. The currency began the day at a price of $215 - and eventually slid down to a low of $205 before closing the day at $207. Monero's market cap too, was affected by this as the currency began the day at $3.4 Billion and closed at $3.2 Billion.
XMR Price Over The Past Week
Monero began the week at a price of $188 and closed the week at $207. In between, the currency dropped to a low of $175, and surged to a high of $235. The currency opened the week with a market cap of $2.9 Billion and closed at $3.2 Billion - a slow, yet healthy growth for XMR price.
XMR Price Expectations
[caption id="attachment_3558" align="aligncenter" width="1185"]
Expected Movement of XMR Price (Image: Tradingview)[/caption]
This slow and steady growth is expected to continue over the next week as well, as Monero prices are now expected to hit a high of $250 soon. It is advised to set up appropriate stop-losses and a target of $245 for the next week/ten days.
For more XMR price related updates and news stay tuned to Cryptocrimson or you can also bookmark our page. We’ll also keep adding updates to this article for real-time analysis.
Check out more cryptocurrency price updates:
: Neither the management nor the authors at CryptoCrimson are responsible for any losses, financial or otherwise, which may occur due to investing based on our articles. These are market predictions - which are not set in stone. The information provided is only for educational purposes and cannot be considered a financial advice.