Although the market is still seen in a decline with Monero dropping over -13% in the last 24 hours with the rest of its crypto peers, in the last hour at the time of this writing, the cryptos are showing a bullish return in mass.
Apparently, in the last hours, XMR made it up by over 5% against the fiat, indicating that the entire market might still have a chance for a rebound by the end of the dipping November.
At the same time, XMR is touching new lows, being traded far from the value of 100$ as recorded the last time back in the first days of November.
Can XMR get above 100$ by the end of 2018 despite the latest dips?
XMR Price Predictions: Monero Sees Rises in the Rebounding Market
Although the entire market is seen in a terrifying drop on once again on November 25th, with the entire market dipping with the latest wave of negative market trends, the cryptos are showing a bullish return in the last hour.
That is how despite the drop of -13% in the last 24 hours, XMR is able to acquire almost 6% of gains against the fiat in the last hour.
The rest of the market is seen in a rebound as well, but the gains in the last hour aren’t enough to help the cryptos collect some serious gains that could diminish the effects of the November dip.
Monero (XMR) Price Today – XMR / USD
Price 24H (%) 2.28%
That is how XMR is far from its all-time high, also being traded far apart from the value of 100$ as last recorded in the first days of November.
XMR is also losing over -37% against the fiat in the last seven days, additionally going down by -66% on its YTD charts, which makes the rebound to 100$ less likely to happen by the end of November.
However, in case the positive growth in the last hour transfer to the period of the next 24 hours, the cryptos altogether with Monero might have some chances for a serious rebound by the end of November and the beginning of December.
Will There Be More Drops for Monero in December?
Based on the current trends in the market, Monero might go as high to 115$ by the end of November.
However, it is considered that December will bring dips as well after the supposed sudden rebound during the end days of November.
In case the dips continue in December as well, with current negative returns on all charts except the hourly at the moment, XMR might even touch new lows and even go below 30$ in December.
In case this case scenario occurs, it will be hard for XMR to enter 2019 with the value of above 100$.
Although Monero community is taking precaution against crypto jacking and malware mining, working for the welfare of the XMR community, also having the team successfully resolving problems with vulnerabilities to 51% attacks, the dips are still too strong to allow XMR to boom.
The next surge of the entire market is said to take place at the end of the month, based on the current trends in the market when it is supposed to see XMR surging as well.