Much like a great part of major cryptocurrencies, Monero (XMR) was seen at its peak back at the beginning of January 2018 when XMR was valued at nearly 500$ per one unit, setting an all-time high of 494$.
However, XMR took a dip by -79% against the fiat in the course of the last 10 months, also showing a decline on a YTD chart by dropping at -2.4%.
XMR is also showing a positive return on its weekly chart due to the fact that all major cryptos were going through a prolonged spike for a week by November 7th.
But, the drops came up once again pulling Monero down.
When will XRM price increase and is Monero able to take a rebound by the end of 2018?
When Will XMR Price Increase?
Monero is without a doubt one of the most famous privacy coins thanks to RingCT which enables extreme privacy, also having Monero allowing shielded addresses.
As shielded addresses that allow the ultimate level of privacy while keeping you transaction data visible only to you is perhaps what made XMR famous, Monero still has some issues that need to be overcome.
Monero has been leaning towards controversy more than a couple of time with XMR being brought about malware mining, although the team doesn’t actually have anything to do with it in reality.
Monero (XMR) Price Today – XMR / USD
Moreover, Monero has had issues with their system vulnerable to 51% attacks, so additionally much of its lost value might be due to this case besides the fact that the market trends weren’t sparing the top cryptos in the period of the last couple of months.
Although XMR went through a series of gains since November 1st within a mass rebound, once again we can see it decline, however, still marking gains in the last week by 7%.
Thus, the price increase combo was interrupted by the latest decline to the price of 110$ per one unit.
However, many are expecting to see some price improvements as well as an increased progress of top cryptos by the end of 2018.
Does XRM Stand a Chance Against the Market Trends?
If you take a look at the November 2017 charts of XMR, you will surely notice that Monero had a rough time during November the last year carrying a value close to the one of 110$ the currency is now recording.
XMR didn’t see a spike until the beginning of December, so if it is the case that market trends are changing by an established pattern with a tendency of repeating, it might be the case that Monero is able to see a price increase already at the beginning of December 2018.