Monero Price: XMR Gets A Perfect Start To The Year, +8%
Monero Gets A Perfect Start To The Year- Surges By Over 8%
The market has had one of the best starts of the year after ending the last couple of weeks of 2018 at an all-time low. For Monero, the performance in the last 24 hours has been a tad more special as it soared by over 8%. Among the top 20 coins on the market, this superb performance only comes second to Ethereum which is up by 11% at the time of press.
Many are optimistic that 2019 will be more positive than 2018 and they couldn’t have had a better start. The recent surge is expected to strengthen coins and boost investor confidence throughout the year.
The performance around the market has seen the total market cap climb above $130 billion, creating over $1 billion in the last couple of hours.
Fortnite and Monero
Monero’s surge comes off the back of some positive news. According to reports, Monero will become the newest means of payment for Fortnite online video game fans. Fans of this game will now be able to buy merchandise from the Fortnite Merch Store using Monero. The announcement is expected to push prices higher as the coin receives more exposure and continues to expand its adoption.
At the time of press, Monero has crossed over the $50 mark, one of its key levels. In the next couple of hours, Monero will look to retest the $55 position. The coin previously tested this position on the 24th of December when the market experienced a surprise surge that saw a majority of coins hit new highs. On top of boosting investor confidence, a position near the $55 position will additionally see the coin set a higher support level should prices correct.
Many experts have been calling for new highs in 2019 following the fall experienced towards the end of last year. Now, they will be happy to see prices begin climbing fast this early on in the year.
Legal Disclaimer: Please remember that trading, buying or any other type of investing in cryptocurrencies should be consider risky and may lead to the loss of all of the invested money. For further information visit Terms and Conditions section on TokenTops. We do not encourage our readers to any kind of financial decisions. Neither jury.online nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from jury.online. We believe that everyone should make their own and in depth research on the particular topic in various sources before making any financial decision and this person should be the only one responsible for the outcome. Our writers do their best to remain unbiased and don't actively support any project. The research is done with various sources, the predictions are based on own believes, analytical skills, experts and community discussions and is intended to convey general information only.
You may also like
Monero Drops By 10% Following Market Bloodbath
Monero Price: XMR Leads Bullish Rally As The Market Lights Up In Green
Monero Price Analysis - Is A $100 Position Still Possible?
Monero Outreach To Promote XRM in Venezuela - Monero (XMR) News
Monero's Lead Developer Calls Ethereum: “Idiotic, unscalable idea” - Ethereum (ETH) News
Monero Price: XMR A Top Gainer As The Market Soars - Bulls Pushing Higher And Higher
You need to login to create comments.