Altcoin of the Day: Monero (XMR) target $93 +33% potential

This time, Monero with tickersymbol XMR is the Crypto Trade of the Week. Monero is a so called privacycoin and is currently ranked 12th on Coinmarketcap and has a market cap of roughly $1.2 billion.

Crypto Trader Jan Robert Schutte motivates his choice for this coin: “At a price of $69.50 Monero is imo a sweet Buying Opportunity. With a target of $93 in the coming month, this implies an upside potential of +33%. Of course, like always, it is advisable to put a stop-loss order below $62.50″.