Monero is an open-source cryptocurrency created in April 2014 that focuses on fungibility, privacy, and decentralization. While accommodating itself amongst the list of top ten cryptocurrencies by market cap, this crypto has seen downwards pressure from March this year which can best be judged from the following analytics.

The XMR/USD pair Experienced the peak level in mid of January, and thereafter it started sloping downward. The most critical moment can be observed from the aforesaid graph where while attaining the high position in mid of January and slashed at $166.326 on 5th February below the moving average clearly shows that it experienced heavy sold at that time. The XMR/USD is believed to be highly volatile where it rebound at the level of $378.393 on 4th March in this year. The beginning quarter for this crypto has been volatile which can best be observed through two horizontal lines – brown and orange. After the first quarter, XMR/USD experienced downward slope and attained fluctuated trends between the blue and pink horizontal lines. On 1st August, it traded at $138.665 and then slashed a little bit at the level of $121.91 on 1st October and $109.327 on 1st November. The present volatility in price experiences downtrends as it is below moving average trends. It slashed by almost 21% from 1st August to 1st November which can be estimated from the aforesaid analytics.

Let us not forget that Monero uses an obfuscated public ledger, meaning anybody can broadcast or send transactions, but no outside observer can tell the source, amount or destination. The current market cap of Monero stands at $1,110,762,400 with the traded price $66.97 on 21st November 2018, 10:25 am IST as per CoinMarketCap. One can expect the selling pressure till the end of January 2019, and after that, the value of Monero may experience upward trends likewise how it experienced through various ranges in the recent past.

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