August 10, 2017, is a big day for digital currency enthusiasts, as Dash (DASH) has exceeded the $100 mark for the first time. The coin has managed to gather a lot of attention from potential investors over the last two months, and has been quite successful in its first year of operation. According to CoinMarketCap, its market capitalization is currently at $105.8 million. The currency has taken a sharp upward trajectory, and it is poised to continue growing. This trend has been established due to the successful launch of its mainnet in early May.
Cryptocurrency networks are a bit like onions, you can slice them at any point and they will still have some layers. In the case of Monero, the first layer is the XMR network, which is an anonymous currency that is made up of a series of public and private keys. The public keys are used to send the currency, while the private keys are used to control the money.
With a 30% drop in the XMR price this week, Monero mining has been somewhat curtailed. And, in the latest development, a user from the shaerhash.com site has reported that a full node that was running a miners.dat file currently has a reward of around $180 USD, with around $100 worth of XMR in the wallet.. Read more about monero and let us know what you think.Summary of the situation
- The price of the Monero coin could reach $180 in the next 24 hours.
- The 14-day relative strength index is in neutral territory.
- The cryptocurrency heat map is highlighted in red.
Monero coin value analysis: Price Overview
Monero experienced bearish momentum at the close of yesterday’s daily chart. At the end of the day, buyers appeared, driving up prices. During the first trading hours, the bulls seemed to have the upper hand. They control the entire market; the price of the Monero coin has continued to rise. Two hours later, sellers consolidated their strength and came in stronger, raising resistance at the intraday high of $275. Buyers dropped the price to $266.
The 14-day RSI is in neutral territory at 42. Monero is trading slightly below its 100-day simple moving average at $266. Hopes of breaking out of the neutral zone depend on whether buyers can break through the 100-day simple moving average. At the time of writing, the bulls controlled the market. They weren’t as robust, though, so the price hovered around $266.
The cryptocurrency heat map is highlighted in red. Monero is down slightly by a few cents. The largest digital asset (BTC) is trading at $35,110, down 7.45%. However, giant assets dominate at 46%. ETH also lost 6%. It is currently trading at $2,184.69. The bears seem to control the rest of the market. Most altcoins have lost value. Proponents of cryptocurrencies are not happy with such a bear market.
Monero coin price analysis: Conclusion
Monero has started an uptrend that is not expected to be interrupted, as the bulls seem to be outperforming the bears in the market. As a result, the price of the currency could reach $280 in the next 24 hours.
Denial. The information provided does not constitute commercial advice. .com accepts no responsibility for investments made on the basis of information provided on this site. We strongly recommend that you conduct independent research and/or consult a qualified expert before making any investment decision.Last night, the price of Monero (XMR) rose to $ 88.90, the highest level since Jan. 20. The market cap has increased to $1.5 billion, making XMR the fourth largest cryptocurrency by market capitalization. The performance of XMR was closely watched, especially after the last fall of approximately 50% on Jan. 20. After the recovery on the strength of Monero, the price of XMR rose sharply to $90.46, the highest level since Feb. 10.. Read more about monero mining and let us know what you think.
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