search
Homeweb3.0Monero (XMR) Market Importance and Future Price Predictions

Monero (XMR) took a deep plunge on Saturday, falling over 8% to hit $161.28 the mark. The slide comes after the coin had previously risen

Monero (XMR) Market Importance and Future Price Predictions

Monero (XMR) price plunged sharply on Saturday, falling by more than 8% to hit the $161.28 mark. The slip comes after a previous rise in the coin had given investors good hope. As the coin continues to trade, market participants are left wondering if XMR will keep falling to hit the $160 mark or if it can surge in future trading sessions.

XMR trading creates worry for investors

To put things into perspective, compared to its all-time high (ATH) of $517.62, XMR is now trading at a discount of 67.13%. The cryptocurrency XMR ranks 28th with a market capitalization of $3.107 billion at the moment.

Coin performance highlights bullish signs

Despite the odds, the coin has shown strong positive momentum in the cryptocurrency market as the 50-day EMA provides continuous support to the price chart on the 1-day time frame. The Moving Average Convergence Divergence (MACD) shows a steady green histogram with positive behavior recorded by its averages, indicating a bullish outlook for Monero's price in the crypto market.

How did Monero gain market importance?

Monero is a cryptocurrency that places great emphasis on privacy and anonymity. As opposed to most cryptocurrencies that prioritize security and transparency, Monero upholds the ideals of anonymity. This sets it apart from popular transparent blockchains such as Bitcoin and Ethereum.

Monero ensures user privacy through the implementation of technologies like stealth addresses, ring signatures, and ring confidential transactions (RingCT). As a result of these features, the sender, recipient, and transaction amount are all concealed by default, rendering all users on the Monero network fully anonymous.

Will XRM rise in the future?

According to the price estimate, the price of Monero is anticipated to increase drastically from its current price level, reaching $188.05 in the upcoming days, reflecting an increase of 15.62%.

Moreover, technical indicators reveal that the mood for the coin is bullish at the moment, and the Fear & Greed Index is currently at 72 (Greed).

Over the previous 30 days, Monero had 20 out of 30 (67%) green days and 3.12% price volatility. Data also indicates that there is a bullish general mood for the price prognosis of Monero, with 27 technical analysis indicators indicating optimistic signs and 4 indicating negative signals.

Coming to the moving averages, Monero's 200-day Simple Moving Average (SMA) will have increased to $148.87 in the following period.

At the same time, Monero's short-term 50-day SMA is predicted to reach $175.49.

The momentum oscillator known as the Relative Strength Index (RSI) is a widely used indicator that indicates when a cryptocurrency is overbought (above 70) or oversold (below 30). At 49.60, the RSI number suggests that the XMR market is now in a neutral position.

The above is the detailed content of Monero (XMR) Market Importance and Future Price Predictions. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Top 10 virtual digital currency app platforms in the world, the top ten virtual currency trading platforms in 2025Top 10 virtual digital currency app platforms in the world, the top ten virtual currency trading platforms in 2025Mar 05, 2025 pm 08:00 PM

With the booming development of the virtual currency industry, virtual digital currency trading platforms around the world are becoming increasingly stronger. This article focuses on the top ten virtual digital currency app platforms in the world in 2025, including Binance, OKX, Gate.io, Kraken, Gemini, FTX, Bybit, KuCoin, Huobi and Coinbase. These platforms are known for their advanced features, a wide range of transaction pairs, low fees and stable performance, providing users with a wide range of virtual currency trading options.

Pi Node Teaching: What is a Pi Node? How to install and set up Pi Node?Pi Node Teaching: What is a Pi Node? How to install and set up Pi Node?Mar 05, 2025 pm 05:57 PM

Detailed explanation and installation guide for PiNetwork nodes This article will introduce the PiNetwork ecosystem in detail - Pi nodes, a key role in the PiNetwork ecosystem, and provide complete steps for installation and configuration. After the launch of the PiNetwork blockchain test network, Pi nodes have become an important part of many pioneers actively participating in the testing, preparing for the upcoming main network release. If you don’t know PiNetwork yet, please refer to what is Picoin? What is the price for listing? Pi usage, mining and security analysis. What is PiNetwork? The PiNetwork project started in 2019 and owns its exclusive cryptocurrency Pi Coin. The project aims to create a one that everyone can participate

Bitcoin [BTC] was on a downtrend after losing the $92,000-support level in the final week of FebruaryBitcoin [BTC] was on a downtrend after losing the $92,000-support level in the final week of FebruaryMar 16, 2025 am 10:10 AM

Technical indicators such as the OBV showed that selling pressure has been dominant, meaning more losses may be likely ahead.

Various ETF issuers compete to apply for Solana ETF! But why is BlackRock still absent?Various ETF issuers compete to apply for Solana ETF! But why is BlackRock still absent?Mar 03, 2025 pm 06:33 PM

Many ETF issuers are scrambling to apply for SolanaETF, but BlackRock is still holding back? This article will interpret this phenomenon. SolanaETF application boom The Securities and Exchange Commission (SEC) has accepted SolanaETF applications submitted by several institutions, including Bitwise, 21Shares, VanEck, CanaryCapital and Grayscale. Bloomberg predicts that the probability of Solana spot ETF being approved by the end of the year is as high as 70%, which is closely related to the Trump administration's friendly attitude towards cryptocurrencies. The establishment of Franklin's "Franklin SolanaTrust" also implies its potential application for SolanaETF. However, Sol

Understand the current situation and future of MEV on a single articleUnderstand the current situation and future of MEV on a single articleMar 04, 2025 pm 05:06 PM

Sui Blockchain's MEV (Maximum Extractable Value) strategy and future outlook MEV have become the core issues in the blockchain field, which are related to transaction sorting and arbitrage opportunities. Sui is committed to guiding the development of MEV through Sui Improvement Proposal (SIP) and other mechanisms, ensuring transparency, transaction security, network health, and participant rewards. In addition to existing mechanisms, more mechanisms are planned to be introduced to ensure that its core principles can effectively guide the evolution of MEVs on Sui. Design principles and considerations Sui's every transaction contains potential profit opportunities. Sui's MEV ecosystem consists of the following mechanisms: MEV transaction submission mechanism MEV opportunity release mechanism MEV

PI price forecast: How high can PI coins rise?PI price forecast: How high can PI coins rise?Mar 03, 2025 pm 07:27 PM

Since the launch of PiNetwork (PI)'s independent network, it has continued to attract the attention of the cryptocurrency community. In contrast to the recent sluggish performance of mainstream cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and Solana (SOL), the price of PI has risen against the trend. PI cryptocurrency: Binance listing may become a catalyst for price surge PINetwork (PI) price upward momentum Strong PI is currently priced at $1.6750, far higher than the previous low of $0.6020. Trading activity and investor interest continue to grow, and PI's future price trend has become the focus of market attention. PI market performance: Strong rebound and key resistance levels PI mainnet started at the beginning

Top 10 Free Virtual Currency Exchanges Rankings The latest top ten virtual currency APP trading platformsTop 10 Free Virtual Currency Exchanges Rankings The latest top ten virtual currency APP trading platformsMar 11, 2025 am 10:18 AM

The top ten free virtual currency exchanges are ranked: 1. OKX; 2. Binance; 3. Gate.io; 4. Huobi Global; 5. Kraken; 6. Coinbase; 7. KuCoin; 8. Crypto.com; 9. MEXC Global; 10. Bitfinex. These platforms each have their own advantages.

Does Bitcoin have stocks? Does Bitcoin have equity?Does Bitcoin have stocks? Does Bitcoin have equity?Mar 03, 2025 pm 06:42 PM

The cryptocurrency market is booming, and Bitcoin, as a leader, has attracted the attention of many investors. Many people are curious: Do Bitcoin have stocks? The answer is no. Bitcoin itself is not a stock, but investors can indirectly invest in Bitcoin-related assets through various channels, which will be explained in detail in this article. Alternatives to Bitcoin Investment: Instead of investing directly in Bitcoin, investors can participate in the Bitcoin market by: Bitcoin ETF: This is a fund traded on the stock trading market, whose asset portfolio contains Bitcoin or Bitcoin futures contracts. This is a relatively convenient option for investors who are accustomed to stock investments, without having to hold Bitcoin directly. Bitcoin Mining Company Stocks: These companies' business is Bitcoin mining and holding Bitcoin

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

R.E.P.O. Energy Crystals Explained and What They Do (Yellow Crystal)
2 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
Repo: How To Revive Teammates
4 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
Hello Kitty Island Adventure: How To Get Giant Seeds
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌

Hot Tools

SublimeText3 Chinese version

SublimeText3 Chinese version

Chinese version, very easy to use

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)

MantisBT

MantisBT

Mantis is an easy-to-deploy web-based defect tracking tool designed to aid in product defect tracking. It requires PHP, MySQL and a web server. Check out our demo and hosting services.

Dreamweaver CS6

Dreamweaver CS6

Visual web development tools

DVWA

DVWA

Damn Vulnerable Web App (DVWA) is a PHP/MySQL web application that is very vulnerable. Its main goals are to be an aid for security professionals to test their skills and tools in a legal environment, to help web developers better understand the process of securing web applications, and to help teachers/students teach/learn in a classroom environment Web application security. The goal of DVWA is to practice some of the most common web vulnerabilities through a simple and straightforward interface, with varying degrees of difficulty. Please note that this software