Expert Prediction: "Monero (XMR) To See A 43% Growth In October" Saturday, October 6th
Expert Prediction: "Monero (XMR) To See A 43% Growth In October"
According to a report published by Finder.com, Monero will see the highest growth rate in the crypto market in the month of October. The panelists who made the prediction expect that the coin will surge by 43% during the month. The team also gave their expectation for the end of the year, stating that it will have recorded a price growth of 93%.
Finder.com takes a monthly survey of industry leaders on the top and trending coins. Looking through the September report- which gives predictions for October, the nine panelists who made the predictions, were fairly optimistic about the market.
Surprisingly, the only coin out of the ten they predicted on that would see a slight decrease was Litecoin. The other nine cryptocurrencies were; bitcoin (BTC), Bitcoin Cash (BCH), Cardano (ADA), Dash (DASH), Ethereum (ETH), EOS (EOS), Monero (XMR), XRP (XRP) and Stellar Lumens (XLM). Litecoin, according to the panelists will fall by 3% in the month of October.
Monero has begun the month fairly stable and for the last week has been trading around $114. However, on October 03, the coin was bullish hitting a high of $118.93.
Other notable predictions include Stellar’s October prediction which will be up by 33%.
Giving the end of year prediction, the panelists were particularly optimistic about Cardano. According to the team, by the end of the year, Cardano’s price will have increased by 327% making it the most successful of the ten coins. Cardano will be followed closely by Ethereum (305%) and Monero (295%).
It is fair to say that these predictions although could come true are not guaranteed in any way. Cryptocurrencies for starters are very speculative, volatile, sensitive and competitive making them hard to predict on. There is no guarantee that these coins will perform like this but it is good to know that fintech leaders are optimistic on the future of most cryptocurrencies, sometimes, this is the only sign needed to trigger a bullish run.
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