STRATIS AND MONERO HAS CLASHED OVER 10TH POINT IN MARKET CAP
HOW BAD IS IT FOR THIS COINS
For some time now I have been watching over Monero, i was thinking about investing on this coin but it has been declining gradually in terms of market capital ranking. Therefore, it was no surprise to me when it finally skipped out of the top 10 last week Friday.
Nevertheless, this anonymous coin (monero) has demonstrated some unwillingness to accept its downfall and with all indications it is not ready to give up. Long last week Saturday, it has been a fight between Stratis and Monero over the bottom spot of the top 10.
Stratis could not recover very well from the issues it had with its wallet which led to its value waning. Its market price, which was in the $11 range, is currently fluttering around $6.95.
On the other hand, Monero could not sustain its $50 price and it has now settled at $46.87. The gap between the two is slim even though Stratis seems to be widening the gap since it took over the tenth position on Wednesday night.
As of Thursday morning after my thorough watch on this coins, Stratis grew up 1.61 percent with a market capitalization which was a little more than $695,000. Temporarily, Monero was holding $687,657,810 and down 2.52 percent.
WILL MONERO GROW BACK ??
With Stratis leading for a while now I doubt if Monero may be able to catch up. But in the crypto currency world, anything can happen over night while we are all sleeping. The actuality is that Stratis has not been consistent for months now. Monero gradually declined from the sixth rank in April till it finally lost elite status last week.
Although Stratis entered the top 10 coin with great strenght, it basically couldn’t maintain the momentum along the line. Monero, with the entry of the likes of BitShares and IOTA, the race has become intense, leaving the weak no other option but to fall down the ranks.
Rigth now, Stratis is the tenth most valuable cryptocurrency in the world and Monero needs to prove what it is made of in order to take over. I wish to update you all with any of my findings.
Good work, interesting ride on. we are waiting
thanks bro, you should come and learn how to do your first post so that you can get started.
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i am really long BTC, ETC, ETH, Monero, and Decreed. I give these new coins at least a year to fall in price and get to the current level that they need to be in.