How Far Can the Price of Monero (XMR) Go After Celebrating 5th Year Anniversary?

Monero (XMR) is one of the top digital currency in the cryptocurrency market with more focus on privacy. When it comes to privacy and anonymity for users, Monero (XMR) is considered one of the best cryptocurrency 2019. Many digital asset investors also see Monero as the best cryptocurrency to invest in 2019 due to the great potentials of the digital currency. The recent price of Monero, Monero price prediction 2019, and the bullish Monero news today has also attracted more investors to the coin. This digital currency uses two major technologies – Stealth Address and Ring Signature.

Ring Signature conceals authentication keys and prevents the tracking of transactions. Stealth Address helps to hide IP addresses. The fundamental aim of Monero is to provide a completely decentralized settlement and payment platform for the global financial system. Monero just clocked five years in the crypto industry. What is the fate of Monero (XMR) this year? Will the price of Monero increase this year? What is Monero price prediction for this year?

Monero (XMR) Transactions Hit a New All-Time High – Will the Price of Monero Follow Suit?

Recently, the number of transactions on the Monero network hit a new all-time high. The Monero network saw over 15,000 transactions in one day. This massive spike in the number of transactions of Monero is attributed to the launch of a social gambling game. According to data from BitInfoCharts, Monero hardly crosses over 10,000 transactions per day. The last time the digital currency surged over that level was when it tested its all-time high of $400 in January last year.

The social gambling platform that is responsible for the spike is Minko. Minko was launched in April, during the fifth anniversary of Monero (XMR). According to the Dev team of Minko, the profits made from the platform during the first month will be donated to the Monero general donation fund. However, the price of Monero doesn’t seem to be responding to this bullish Monero news. The increase in the number of transactions of the coin didn’t significantly impact the price of Monero. Monero implemented an upgrade late last year. The upgrade reduced the transaction fees on the platform by 90 percent. Minko is presently able to run on the blockchain of Monero because of this upgrade.

Monero 5th Anniversary – Monero Price Prediction – Monero Price Analysis – Monero Price Forecast – XMR USD Live Price

Monero just celebrated its fifth anniversary of mining. This marks five years since the digital currency has been in the crypto space. During the anniversary, the Team of Monero talked about the blockchain project. In a statement, the Team said Monero (XMR) gives users absolute control over the privacy of their digital financial transactions. They believe this privacy nature of the coin would have a significant effect on the value of the coin in the future.

Monero is currently trading around the $60 level. The short-term price prediction of Monero is $70. However, the digital currency is likely to hit the $100 or $120 level by the end of this year.

Monero (XMR) Price Today – XMR / USD

NamePrice
bitcoin
Bitcoin
$9,037.77-4.13%
monero
Monero
$71.22-8.85%

XMR USD live price is $66 after a decrease of about two percent over the past twenty-four hours. The current market cap of the digital currency is $1.12 billion. The trading volume of the digital currency over the past day is $248.97 million.

Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.

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