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XMR Price Prediction Forecast — How Much Will XMR Be Worth in 2021?

XMR Price Prediction Forecast — How Much Will XMR Be Worth in 2021?

Bullish Monero (XMR) price prediction for 2021 is $195. XMR bearish market price prediction for 2021 is up to $128-$140. Moreover, the darknet marketplace White House Market chooses XMR as its main digital asset in the platform. This Monero (XMR) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the …

The post XMR Price Prediction Forecast — How Much Will XMR Be Worth in 2021? appeared first on CoinQuora -Latest Cryptocurrency and Blockchain News..

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  • Bullish Monero (XMR) price prediction for 2021 is $195.
  • XMR bearish market price prediction for 2021 is up to $128-$140.
  • Moreover, the darknet marketplace White House Market chooses XMR as its main digital asset in the platform.

This Monero (XMR) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our XMR price analysis and prediction.

Monero is one of the most active privacy-focused digital assets in the crypto world. Hence, XMR ranks as one of the top 20 cryptos in Coingecko, with a market capitalization of over $3 billion. In terms of security, Monero promotes a secure transferring of funds across borders.

The Monero network uses cryptography. This technology protects its users by providing a shield in sending and receiving addresses, as well as transacted amounts. In short, all transactions in the Monero network are hidden and cannot be traced by anyone.

Now that we are knowledgeable about XMR, do you think XMR will continue to be a profitable cryptocurrency this year? Join me and let us find out together in this CoinQuora Monero (XMR) price analysis and price prediction 2021. But before we head there, let us understand more about what is Monero (XMR)?

What Is Monero (XMR)

Monero is one of the most important cryptocurrencies when it comes to payment security. XMR was launched and developed in 2014 by Riccardo Spagni and David Latapie. The developers designed the crypto to provide a high level of privacy to its users. For this reason, the network has become popular for users and investors who favor anonymity.

When it comes to trading, the crypto’s average daily trading volume amounts to almost $1 billion. Miners in the network are based on a democratic concept where the network treats all users equally. Accordingly, XMR miners can mine on their own by using a normal CPU that does not require any complicated hardware like ASICs.

XMR trades in exchanges such as Binance, HitBTC, and Bitcoin.com Exchange. With this in mind, traders can have more options in buying and selling their XMR cryptocurrency.

Now that we have a full understanding of what is Monero (XMR), what are we waiting for? Let us now head to our XMR price analysis and prediction 2021.

Monero (XMR) Price Analysis 2021

Monero continues to show bullish signs as it enters the year 2021. Accordingly, XMR resides above the Fibonacci golden ratio, an uptrend position. Would this be enough to encourage investors to stay in the network and invest more? Let us see the charts in this XMR price analysis.

XMR Uptrend position
XMR Uptrend position (Source: TradingView)

The graph above displays how XMR successfully manages to survive the wild market volatility in the past year. Also, the graph shows Monero’s bullish recovery from its bearish dip last March 2020. This bearish dip price of $25 has a growth rate of almost +600% from its current price of $165.82. In other words, the crypto is profitable, a word that is music to the ears of its investors.

When it comes to its market position, XMR resides within the bullish territory. Currently, Monero opens its day with a trading price of $157.94 per crypto. This trading price of the crypto has a growth rate of +30.1% in the past 7 days. If this goes on, the crypto might reach the price of $180 and go beyond even further. This is most likely to happen if the bullish market continues to side with the crypto.

XMR Fibonacci Retracement
XMR Fibonacci Retracement (Source: TradingView)

In terms of Fibonacci retracement, the crypto positions its price above the Fibonacci level 0.382, a bullish position. Therefore, traders can continue holding and trading XMR with confidence.

However, if the crypto opens below the Fibonacci level 0.5, XMR might experience a price decline. In this case, the bulls must quickly recover and head back to their uptrend position of $160. Otherwise, the bears can pull down the crypto even further under the Fibonacci level of 0.618, a level that could cause FUD among its traders.

Monero (XMR) Price Prediction 2021

Recently, the White House Market, a prominent darknet marketplace, has made XMR the main digital asset of its platform. Do you think this would be enough to make XMR crypto profitable? Let us find out in this XMR price prediction 2021.

XMR Price Surge
XMR Price Surge (Source: TradingView)

Based on the graph above, XMR continues to prove itself as a productive digital asset in the crypto world. In the early days of 2021, the crypto displays outstanding performance as it surges its price level to almost +240%. This price growth rate comes from its bearish dip price of $44.12 in December 2018 to over $150 in the first quarter of 2021.

With this in mind, it is safe to say that Monero is one of the reliable digital currencies in the crypto market. Recently, XMR trades a high price of $174 with a growth rate of +16% in the last 30 days. If this keeps up, the bulls might continue their rally towards the resistance price of $190.

Furthermore, the price of Monero can climb even higher until it reaches the bullish price of $195. This probably might happen if the crypto continues to receive more funds from its investors in the crypto world.

However, if the crypto loses the trust of its investors, the price of XMR may breakout from its uptrend position. Its price could fall to almost $140 with a decline rate of -18.45% from its current price of $171.

In this case, the bulls must find a way to regain their competitive advantage against the bears. Otherwise, the bears will not waste time in dragging down the price of XMR to $128. This is a scenario not in favor of the network’s investors.

Monero (XMR) Price Prediction 2021 – RSI and MACD

On the other hand, the moving average convergence/divergence (MACD) of the crypto has just performed a bullish crossover. In other words, XMR is gearing towards a bullish direction. In this case, traders can expect a bullish market in the following days. But, if MACD falls below the signal indicator and the price crypto opens below Arnaud Legoux Moving Averages (ALMA), it will be a different scenario.

XMR- RSI and MACD
(Source: TradingView)

Meanwhile, the relative strength index (RSI) is still in a neutral position. This means that the crypto is not overbought nor oversold. Consequently, traders can still trade with confidence without worrying about any extreme price reversal.

In conclusion, the bullish XMR price prediction for 2021 is $195. This bullish price of $195 is most likely to hit in the first quarter of 2021. Moreover, Monero’s conservative price prediction in 2021 is $128 – $140.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies

Source: https://coinquora.com/xmr-price-prediction-forecast-how-much-will-xmr-be-worth-in-2021/

Blockchain

Tether Gets 500 BTC Ransom: Sender Threats to Leak Harmful Documents

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Tether, the company issuing the most widely-used stablecoin, USDT, has revealed that it got a ransom demand for 500 BTC. The sender has threatened the company to leak documents to the public that would “harm the bitcoin ecosystem.”

Tether Gets a 500 BTC Ransom Demand

Tether, the issuer of the popular USDT stablecoin, took it to Twitter to reveal that someone had threatened to leak documents to the public in an attempt to “harm the bitcoin ecosystem.”

The company explained that “forged documents are circulating online purporting to be between Tether personnel and reps of Deltec Bank & Trust and others. The documents are bogus.”

Furthermore, Tether explained that they’ve also received a ransom demanding 500 BTC, which is currently worth around $23.6 million. They also revealed that unless the ransom is paid, the sender would “leak documents to the public in an effort to harm the bitcoin ecosystem.” Also, Tether has no intention of paying the money.

What Now?

At the time of this writing, there’s no further information on what’s going to happen next.

It is unclear whether this is a basic extortion scheme like those directed at other crypto companies or people looking to undermine Tether and the crypto community as a whole. Either way, those seeking to harm Tether are getting increasingly desperate.

The company also said that the “forged communications and the associated ransom demand” were reported to law enforcement.

Interestingly enough, all of this comes about a week after Tether and Bitfinex reached a settlement with the office of the New York Attorney General, putting an end to a year-long lawsuit that many thought could really harm the ecosystem. Nevertheless, the company admitted to no wrongdoings and agreed to pay an $18.5 million fine.

However, as part of the settlement deal, the company has also agreed to no longer be able to deal with customers from New York.

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Source: https://cryptopotato.com/tether-gets-500-btc-ransom-sender-threats-to-leak-harmful-documents/

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Blockchain

Litecoin Price Analysis: 01 March

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The cryptocurrency market has been moving in a wave-like fashion with continuous crests and troughs. The market has been seeing spurts of growth in the price, but it did not trigger a price swing. Litecoin [LTC], also witnessed such a push in its price recently, but at the time of writing, the coin continued to move within a tight range.

The digital asset has a market capitalization of $10.99 billion and was being traded at $163.94.

Litecoin 1-hour chart

Source: LTCUSD on TradingView

The above chart of Litecoin has been noting the price consolidation between $155 and $181. Before the drop to this level, LTC was trading between $169 and $181 for a while. However, sudden selling pressure pushed it to this new price level.

This could mean that the LTC market may further this phase of consolidation as momentum in the Bitcoin market also noted a similar trend.

Reasoning

The Bitcoin market has been pushing the price of most altcoins in the market. Now that, the digital asset moves sideways after a little pump, the alts are also showing signs of consolidation.

Litecoin has shown that the volatility in its market has comparatively decreased as the Bollinger Bands converged. Meanwhile, the 50 moving average and signal line were beginning to witness a bearish crossover, which could be just a sign for the price to retrace within the above-mentioned range.

The Relative Strength Index has climbed to equilibrium due to the boost in price. This meant that the buyers and sellers were equal in the market, and hinted towards yet another spell of sideways movement for LTC. Meanwhile, the awesome oscillator noted the lack of momentum in the market.

Conclusion

The current trend prominent in the LTC market was of consolidation between $155 and $169. There has been bearishness evolving in the market, but the price swing may not be visible in the short-term.


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Source: https://ambcrypto.com/litecoin-price-analysis-01-march

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LetsExchange Launches Crypto Trading Service With Smart Exchange Rates

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LetsExchange Launches Crypto Trading Service With Smart Exchange Rates

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For each trade, LetsExchange instantly selects the best rate across the world’s leading crypto exchanges and lets the trader secure this rate at the beginning of the transaction. 

Cryptocurrency trading can be a very lucrative activity. Because of the price volatility of many coins, the possibilities to make gains through short-term trading are big. Two factors influence the outcome of a trade. First, the trader must buy crypto at the best possible rate. And second, the trader must be able to buy or sell the crypto assets without delays.

The LetsExchange platform has been designed to maximize traders’ gains by facilitating the two factors mentioned above. With the use of this service, traders can get the most profitable exchange rate available on the market at a given moment. What’s more, the platform ensures that the said rate remains unchanged until the trade is completed.

This newly launched service also eliminates delays in the processing of transactions by waiving registration, KYC screening, and other authentication and authorization procedures. The platform’s founders elaborate on these features that allow traders to maximize their gains:

  • The registration process and KYC authentication are time-consuming. Traders usually cannot afford to waste much time in such procedures as the cryptocurrency market is volatile, and exchange rates may change significantly within a few minutes. With LetsExchange, traders can benefit from these fluctuations by buying and selling cryptocurrencies as soon as they decide, without hassle and delays.
  • LetsExchange works with the world’s top crypto exchanges including Binance, Okex, KuCoin, Gate, Huobi, and more. By using its SmartRate technology, the platform always offers the most profitable rate across all the exchanges. In this way, traders won’t waste time in comparing rates and researching the market status at a given moment.
  • This platform offers the possibility to secure the most profitable exchange rate by selecting the Fixed Rates option. This feature will maintain the said rate unchanged until the completion of the trade. But if a trader prefers to forecast the rate fluctuations in a bid to maximize their gain, the floating rates option allows doing it. Each trader has the freedom to choose the most convenient strategy.
  • Thanks to the use of fully automated exchange algorithms, the only delay in the processing time of a transaction depends on the network speed of the selected cryptocurrency. During Beta testing of the platform, the average transaction time was 25 seconds.

The LetsExhange platform at https://letsexchange.io is now ready to help traders maximize their gains by guaranteeing the best rates and eliminating unnecessary delays.

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About LetsExchange

LetsExchange is a one-stop multicurrency exchange service free of registration, limits, and complications. It supports 210+ coins, about 45,000 currency pairs and automatically selects the best rate across all major crypto exchanges for each trade. Built by a team of crypto visionaries with 10+ years of experience in the blockchain space and fintech, LetsExchange saves your time at each step of a crypto swap and amplifies your trading revenue.


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DISCLAIMER Read More

The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.

Source: https://zycrypto.com/letsexchange-launches-crypto-trading-service-with-smart-exchange-rates/

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