Where is Monero (XMR) Heading?
With the recent news with Monero this has really changed its price massively. But is the price going to keep going up as much as it is now or will the price drop and die out? When is the best time to buy in and should you really buy in?
The price of Monero has went from about $300 USD to about $470 USD in one month. But when will the price drop and by how much?
With Monero being a cryptocurrency and being undetectable of who is buying and selling these coins it makes it much easier to buy and sell illegal substances using the dark web. Monero supposedly the number one coin to trade with on the dark web right now has started to increase its price tremendously and is making many people ask the question when and if they should buy this coin to later sell for more. According to TradingView's chart on Monero the price just dropped about $50 USD in an hour but is starting to go back up at the time of making of this post.
I believe Monero will slowly keep a steady increase with some dips around but keeping the 24h (%) price change will be a positive number for most days. For the question when to buy in and if it's worth buying into, I want to leave that question up to you. I can't guaranteed the price will keep increasing, but the way it is looking and comparing it to other charts with similar changes in the past it does seem promising.
If you are looking into Monero some more I will leave you some links to helpful sites with good charts and information on Monero.
- https://www.tradingview.com/chart/6raaazA9/
- https://coinmarketcap.com/currencies/monero/
- https://www.cryptopia.co.nz/Exchange/?market=XMR_BTC
- https://www.coinexchange.io/markets
- https://www.binance.com/
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I also want to hear your opinions of what you think about Monero, is it going to crash? Will it go higher then it is now? Tell me in the comment bellow!
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