Key Takeaways:
- The XMR price closed the previous day’s trade at INR 19,800 with a market capitalization of INR 402 Cr and a circulating supply of 18,106,270.87 XMR
- The asset since the beginning of the month is maintaining a notable uptrend that may be continued for a longer time
- With the extended ascending consolidation, the XMR price may gain another 21% and secure the zones closer to the ATH
Monero Price Analysis: How High Will XMR Crypto Price Go in April 2022?
The XMR platform received a huge influx of buying volume in the past couple of days, which uplifted the price from the bearish trend. On the other hand, the bears also appear to be quite strong and are acting accordingly. And hence the price could maintain a decent uptrend including a couple of pullbacks.
Continuing with the same trend, the XMR price may reach up to INR 22,000 by the end of the month. However, if the bears jump in, then the price may be restricted below INR 20,000 but after reaching the highs.
Monero Price Prediction: Will XMR Price Hit INR 50,000 in 2022?
Monero’s price since the beginning of the previous month’s trade maintained a decent uptrend after slashing from the high throughout Q4 2021 trade. The huge volume all the time denotes the asset being the most traded asset irrespective of the market trends. And hence the decent volatility of the asset also helps to keep up the bullish momentum.
The current month’s rally may test and also clear the levels around INR 20,000 which could stabilize a decent flip from the bearish trend. Continuing with the current trend, the price may eventually slice through INR 25,000 and test the levels above INR 30,000 by the end of 2022. On the contrary, if the price consolidates due to the bearish cartel intensifying, then the XMR price could be dragged down to INR 22,000.
Monero Price Analysis: BTC Price Table (Last 07 Days)
| Date | All-Time High | All-Time Low | Market Capitalization |
| 11 April 2022 | INR 19,418.67 | INR 17,500 | INR 402 Cr |
| 10 April 2022 | INR 19,138.85 | INR 18,375.34 | INR 442 Cr |
| 09 April 2022 | INR 18,846.43 | INR 17,140.46 | INR 428 Cr |
| 08 April 2022 | INR 17,140.46 | INR 17,140.46 | INR 402 Cr |
| 07 April 2022 | INR 17,540.93 | INR 17,140.46 | INR 407 Cr |
| 06 April 2022 | INR 17,540.93 | INR 17,453.69 | INR 389 Cr |
| 05 April 2022 | INR 17,453.69 | INR 16,723 | INR 401 Cr |
Monero Price Prediction: XMR Price Trend Comparison with ZEC (Last 30 Days)
Source: Tradingview
Monero and Zcash both are among the popular privacy coins in the crypto space. The ZEC price maintained a significant strength after the first few days of March 2022 and continued throughout the month until the price slashed heavily a couple of days before The ZEC price rose from the average levels to as high as 93% to 95%, slashed down to 36.31% at the press time.
On the other hand, XMR maintained a consistent uptrend by rising from the average level to 63.08% at the moment. Interestingly, both the assets are trading towards the north and hence a significant uptrend may continue.
Additional Read: What is Monero?
Correlation of XMR/USDT and XMR/BTC (Last 30 Days)
Source: Tradingview
The XMR price in both USDT and BTC pairs showcased an equal trend with almost equal strength. No doubt the BTC pair went weak for some time but eventually, the asset surged remarkably to maintain an equal trend at present. Both the pairs are heading towards the north and hence a strong uptrend may continue.
While the XMR/USDT pair is surging notably and above the average levels by 63.01%, the XMR/BTC pair which consolidated hard at 20% levels, has surged close to 60% at the press time.
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to [email protected].
The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.
