- Decentralized Control and lack of management at the top is working great for Monero (XMR).
- The USD Vs. Monero price also hiked and valued at USD 97.616.
- Monero (XMR) ranks at 13th place in cryptocurrency market rankings.
- On May 28, at UTC 07:28, the 24-Hour volume of Monero is USD 257,817,351.
- At the above mentioned time, Market Capitalization of the crypto was USD 1,653,835,698, with a total of 17,007,540 XMR coins in circulation.
- Monero Vs. Bitcoin pricing was valued at 0.01088050 BTC per chip.
- 25-days back, on May 3, Monero (XMR) was trading at 70.263 USD, however, since then its price hiked by 41.77% with the current price of USD 97.616.
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Scalability of the blockchain is the major hindrance for Monero at present. The Ring Signature mechanism is soon going to be replaced by Bullet Proof protocol, which will be a new dawn for the blockchain.
XMR Price Analysis:
XMR Price Comparison:
| Time Period | High | Low |
| All-Time | 495.84 USD
(Jan 07, 2018) |
0.212967 USD
(Jan 14, 2015) |
| Yesterday | 98.86 USD | 91.95 USD |
| 7-days | 98.86 USD | 81.01 USD |
| 30-days | 98.86 USD | 59.78 USD |
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In an intraday trading, yesterday, Monero (XMR)’s price strengthened by almost $6. While the altcoin opened at 92.02 USD, it closed the day at 97.97 USD, with a bounce of 6.46% and total trading volume of 234,053,891 USD, for the previous day.
Monero (XMR) Price Prediction:
Because of Monero’s focus on security and anonymity, the extension and scalability of blockchain is a major concern for the development team. However, a dedicated team of developers is working round the clock to make sure that the chain must be scaled at its optimum ability. As per the Monero future, there is short-term resistance at 120 USD for XMR. Additionally, Monero (XMR) is well-equipped to pass its end of 2019 target of $200 much early if it breaks out the resistance.
