Monero (XMR) Is Showing Strong Signs for Ascension By CoinQuora

Monero (XMR) Is Showing Strong Signs for Ascension

  • The crypto space is still showing bullish signs.
  • A crypto analyst tweets that Monero is one such crypto.
  • He tweets a chart that shows a possible surge for the asset.

The crypto space is still on a decent high, as the prices of many cryptos continue to show bullish signs, one asset is currently standing out — Monero (XMR). This coin is known for providing complete anonymity.

Amid these current bullish times, traders are always looking for the next best catch. One crypto trader, investor, and experienced analyst — The Wolf Of All Streets, tweets about a possible surge for XMR.

According to this tweet, The Wolf Of All Streets says that XMR is looking good. In fact, he also attached a chart that shows a ‘nice support bounce’ on the crypto’s ascending triangle.

The tweet was met with mixed reviews. Many draw light to other bullish altcoins that will also take after XMR and likely surge. Some say they are working on buying XMR right now. Others point out that unless doesn’t go up, nothing else will.

On the topic of Bitcoin going high, many analysts have been very vocal about their opinion on the matter. For instance, the co-founder of Nexo is a firm believer in Bitcoin hitting $100,000. Besides him, known analyst — Mike McGlone, explains in detail how Bitcoin could very likely hit this ATH soon.

Another Twitter (NYSE:) famous crypto analyst and long-time trader — PlanB, is certain that Bitcoin will reach $100,000 by the time Christmas rolls around this year. The wait is not only for Bitcoin, other altcoins will most likely hit new ATHs as well by the year’s end.

This is possibly due to the fact that most cryptos tend to mirror Bitcoin’s price patterns. Although, many blockchains are working on major updates, so we will likely see many new ATH for many cryptos sooner than expected.

Continue reading on CoinQuora

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.


*