Monero (XMR) is the 13th largest cryptocurrency by market cap, and the last one whose market cap sits above $1 billion at the time of writing. It is also the biggest privacy coin in the crypto industry, with a daily trading volume of $169.3 million. While this pales in comparison to the likes of BTC or ETH, it is still quite impressive for a privacy coin, as not a lot of exchanges support them.
In terms of its price, however, XMR currently sees a 1.58% drop, with its price sitting at $58.18. However, with November entering its second half and the end of the year on the horizon, many might be wondering what is in store for XMR? Is it a good investment at this time, and whether or not its price will see a surge in the last days of 2019? To find some sort of answer to that, let's first examine the coin's performance in recent years.
Monero is one of the older coins in the crypto market, especially when it comes to those that are still around. It was created before Ethereum, meaning that the trend of launching ERC-20 model-based tokens was not around for another year. Instead, Monero was built from scratch, with technology that intended to provide users with greater privacy features.