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Monero [XMR] continues to sees a double digit decline on the last 7 day stats

Aman Swami

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Monero's voodoo continues as it sees a double digit decline on the last 7 day mark
Source: Pixabay

As of today, the entire market looks bearish. Red is the color of the day for the top 15 cryptocurrencies in the CoinMarketCap. The big names in the cryptocurrency market like the Bitcoin, Ethereum, Ripple all are in a slump. Even the altcoins which have gained popularity and high growth rates in the previous month look downwards as all experience negative growth rate percentages on the 1-hour scale, 24-hour mark, and the 7-day mark.

The only currencies that have managed to stay above zero and seen the green bright number next to their names are EOS, Cardano, Stellar Lumens and Tron. EOS, at the last 7 day statistics, shows a surge of  25.46%, Cardano’s total price percentage increase in the last 7 days is 11.79%, Stellar which has shown lowest growth rates of the four in the last 7 days has a 9.75% increase and Tron is surging with the highest growth rate in the last 7 day as compared to the other 3 with a price percentage increase of 38.83%.

Monero currently holds the 12th rank in the CoinMarketCap. It has seen a drastic decline in the last couple of weeks. Its performance has really alarmed the community as it still continues to show negative numbers which have highly affected its price and market cap.

The total market cap has fallen below the $4 billion mark and is currently at $3.7 billion. Even the price of Monero has taken a huge hit in the last couple of days. It has declined drastically over the last 3 days. It is declining at the rate of 3.38% in the last 24 hours which has brought down its price from $256.95, recorded 3 days ago to $235.05. A total of $20 is lost in Monero’s price.

Source: Coinmarketcap

Source: Coinmarketcap

It shows similar figures on the 7-day mark. It has seen a decline in its performance for a very long time now. The last time it had seen a rise was on 22nd April and 24th April. In the last 7 days, its average has taken a massive hit, it currently declines with a double-digit number, 19.69 %.

A Twitter user comments:

“Its the safest and fasted crypto, I am all the way bullish for the coin”



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Aman Swami is an Economics major from Christ University. He is very passionate about cryptocurrency and understanding of financial markets.

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