Since my last Monero report, the price had gone up +67.85%, so if you had bought back then you could have made an easy 67% profit in just 2 days. The price then was just hitting the 0.0042 BTC mark, and now it's at 0.007 BTC.
@profitgenerator/monero-is-soaring
A pretty impressive move, but I think the move is not over yet. There are many sources confirming that there could be great buying volume up until September 1st.
Here is what I think will happen: Price goes up a little bit more until September the 1st, probably until 0.0095, and then it retraces a little bit until this stable level. And then the following months it will start to climb back slowly as more people are getting interested about Monero lately, so the userbase will grow slowly.
http://www.getmonero.org/
It looks like Monero could replace Bitcoin in certain markets, because it has enhanced privacy and it is better for commerce. The only reason why Monero didn't do this earlier it was because it had high volatility and uncertainty, but looks like investors are willing to trust it more and more lately.
We shall see what will happen, in either case, keep a close eye on this because there can be a lot of money made here!
Disclaimer: This is not an investment advice, it's just my opinion and analysis. I am not responsible if you lose money!
Image Source: https://poloniex.com