On this website you can read everything about the Monero (XMR) price. Monero is a relatively new coin and meanwhile one of many. Mainly during the first half of 2017, the Monero price has strongly risen. It is hard to predict where the price of Monero will be going in the short term. The XMR price fluctuates a lot. In the longer term, we are convinced however, that Monero has added value, just like crypto currency in general.
Monero price very volatile
The rates of most crypto currency, thus also the Monero rate, are very volatile. This high degree of fluctuation makes Monero promising, yet also quite risky. We have all heard of the enormous price gains, achieved by the ever rising cryptocurrency prices. But prices never go up all the time. A high degree of volatility works two ways and that’s what Monero investors and traders should take into account. So do make use of the opportunities, but only use money that you won’t miss when it’s gone.
Trading Monero can be done in different ways. The crypto coins can be purchased directly through specialised online-dealers. There you can pay, for instance via bankwire or with your credit card.
An example of a good, reliable crypto currency-dealer is the company Litebit. Litebit does not only supply Bitcoins, Ethereum and Monero, but also a huge variety of other crypto currency, that you probably never even heard of.
Another way to benefit from the rising (but also falling) Monero price, is by opening an account at a CFD broker, offering crypto currency trading. An example of a good, reliable CFD broker with a huge range of crypto currency is Plus500*. At Plus500 you will trade while being assisted by CFD. This is a leveraging product. This means that each rise or fall of the Monero price will be multiplied by a factor X. This is rather risky and therefore it would be wise to first practice, free of charge and without obligation, using a demo-account. Read more about Plus500 in this Plus500 review.
*Risk warning: 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500UK Ltd authorised & regulated by the FCA (#509909).
Plus500AU Pty Ltd, ACN 153 301 681, AFSL # 417727, issued by the Australian Securities and Investments Commission is authorized to issue these products to Australian residents.