Monero Price: Dip to $130 is in Full Effect

Being the fork of Bytecoin, Monero (XMR) is an anonymous and decentralized cryptocurrency with CryptoNight (64-bit CPU-only) PoW hash algorithm and based on CryptoNote protocol.
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Monero Price: Dip to $130 is in Full Effect

Post by howlermunkey » Mon Jul 30, 2018 3:14 pm

Looks like it was at 418 not so long ago? ouch...


Even though the early morning looked relatively promising for all cryptocurrencies, the positive momentum has not materialized yet. All top currencies are still in the red, with some of them taking a bigger loss than others. The Monero price faces a very steep setback compared to other altcoins, even though there is no real reason warranting such a development.

Monero Price Heads to $130 Again

With all cryptocurrencies suffering from a temporary setback, it remains to be seen how things will pan out in the near future. Until the value of Bitcoin goes in the green again, it seems highly unlikely any altcoin will see any real momentum. If the Monero price is any indication, the only way is down from here on out, which is not a positive development by any means.

Over the past 24 hours, the Monero price has suffered from a 4.45% setback. This is a rather big decline, especially when considering how no other altcoin has lost that much value in the same timespan. Because of this decline, the Monero price is on the verge of dropping below $130 again, although it is still $1.8 above that level. Additionally, it is possible the current price trend will reverse course fairly soon. ... ll-effect/

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