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Monero (XMR) Currently trades around $ 222 and is probably one of the safest bets in the market right now. Trading in a diverging bullish channel. It has currently reached the bottom of the channel and it could drive its price to $ 1,000 before the end of the year.Monero (XMR) is one of the oldest cryptocurrency and has always been respected for its privacy and completely decentralized nature. The need for coins like Monero (XMR) has been seen in the recent times when we have seen even big projects like Ethereum (ETH) steer away from their original vision. Monero (XMR) being completely free of any central control. It is also appealing to those who want to maintain an anonymous identity. A similar privacy coin, Verge (XVG) registered astronomical gains in the past few weeks. Monero (XMR) seems to have taken a hit two to the recent hardfork and bad press. The whole ASIC mining fiasco certainly did not help and the price reflected that. Just recently a fake Monero site scammed some users.
However, things look great on the big picture. Circle Invest just listed Monero (XMR) on its platform. Monet (XMR). It should be borne in mind. Once that happens, the price could sky rocket. Monero (XMR) currently seems to have bounced off the 200MA on XMR / BTC and will continue its bullish momentum. Like most cryptocurrencies, its future hinges on the success of Bitcoin. However, while some cryptocurrency may not be said about Monero (XMR) or its kind. We will always be those who would like to use it as a currency (XMR) or a coin like we would like to know whether it is Verge (XVG). Smart money in Monero (XMR) has been keeping it in the top 20 league. The coin has been fed to the dark web, but the coin has continued to do well. The MACD on both charts look favorable for a medium to long term rally. Monero (XMR) also has a loyal community and is a coin that has been true to its vision and mission ever since its inception.
Monero (XMR) has been shown to be an extremely bullish sign that he could push the coin to new highs as early as September 2018. Monero would have been one of the safest and most profitable investments if you bought in 2017 and sold in 2018 or better yet.
