Monero Price Analysis – Battle For US$14 Price Point Wages On

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Monero is currently in an uptrend, pushing both the USD and BTC value towards new highs over the past 24 hours. With a 5.5% increase in price, one XMR is currently valued at US$13.98. It seems likely Monero will break through the US$14 mark once again in the next few hours, although it remains unclear how long this trend will continue.

A Good Trading Day For XMR

People who have been holding or trading XMR in the past 24 hours will gladly take a look at the current price charts. A small bullish trendline is forming as Monero continues its uptrend, which started on January 7. However, compared to the value of January 4, there is still a US$4 discrepancy per individual XMR. It may take a while until the altcoin reaches that price point again, though.

An increase in USD value always generated a positive result for a currency’s market cap. In the case of Monero, the market cap is close to US$192m right now. We are still a long way removed from surpassing US$200m again, but the current upward trend seemingly makes it possible to achieve

Read more ... source: LiveBitcoinNews

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