Monero, is the highlighted coin in today's session of crypto market update. Today's positive price movement of 10% is largely based on fundamentals. The demand/supply condition as outlined in our global orderbook chart below gives credibility to this reality.





Monero Global Orderbook

As can be seen, supply is greater than demand but not by much. This would indicate steady price movements versus large dumps and spikes. We would need to watch how the orderbook develops going forward to spot any trends.

Our Monero orderbook is built from live data pulled from six markets, in three currencies from four exchanges. Poloniex & Bittrex make up 99% of the total trading volume.





Monero Quarterly Chart





Monero has done very well over the last three months. Market capitalization has jumped from $10 million on May 15th to almost $27 million today. Will the upward trend continue over the next three months? it just might if the economic fundamentals maintain going forward.