The trading volume of Monero-Classic (XMC) is $15,433.40 in the last 24 hours, representing a -1.22% decrease from one day ago and signalling a recent fall in market activity. The highest price paid for Monero-Classic (XMC) is $27.25 , which was recorded on Apr 26, 2018 (almost 5 years). Comparatively, the current price is -98.4% lower than the all-time high price. The lowest price paid for Monero-Classic (XMC) is $0.000840276984 , which was recorded on Jan 05, 2023 (about 1 month). Comparatively, the current price is 50644.5% higher than the all-time low price. Market capitalization of Monero-Classic (XMC) is - and is ranked #N/A on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of XMC tokens (0 tokens are tradable on the market today). There are no votes on Monero-Classic (XMC) today. Be the first to vote and share this with your community.
The cryptocurrency market was down last year after numerous setbacks, but how is it faring in 2023?
There are two schools of thought in determining the price of Monero-Classic.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Monero-Classic, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Monero-Classic from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Monero-Classic on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Monero-Classic as well.
HODLers tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Monero-Classic and the cryptocurrency market as a whole.
2. What is the highest price of Monero-Classic in history?
Monero-Classic achieved the all-time high of $27.25 in 2018-04-26, and is currently trading at $0.42.
3. What is the lowest price of Monero-Classic in history?
In 2023-01-05, Monero-Classic reached the all-time low of $0.00084.
4. Should I buy Monero-Classic now?
It is important to remember that Monero-Classic, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.