Monero

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer.  Since the 12 May drop, Monero has been one of the larger altcoins which have had quite an impressive performance on the price charts. Ranked 25th by market capitalization, Monero’s plunge to $133 was followed by an impressive 70% rally to reach the $207 mark. This came at a time when Bitcoin traded within a range, making the… Source link

Blockchain technology and cryptocurrencies have taken the globe by storm. They have revolutionised everything, from how we see money to how we perceive the world and technology. However, in the contemporary environment, terms such as blockchain, crypto, metaverse, virtual reality, NFTs, and DeFi are tossed about carelessly. Fortunately, it is the project where we have opted to invest our efforts. So, without further ado, here are the three coins in great demand and may… Source link

Monero (XMR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Digital Money has fallen 3.48% to $194.75. InvestorsObserver is giving Monero a 38 Volatility Rank. Find out what this means to you and get the rest of the rankings on Monero! Moderately Volatile InvestorsObserver gives Monero a moderate volatility rank of 38, placing it in the bottom 38% of cryptos on the… Source link

Key Takeaways Monero could retrace by more than 20% over the next few days.  A sustained close below $191 should validate the bearish thesis.  XMR will likely need to claim $207 as support to be able to advance further.  Share this article Monero has rallied over the past week. However, further gains could be limited as several technical indicators are pointing to a significant pullback ahead. Monero Could Take a Nosedive Monero looks primed for a steep correction after… Source link

Arman Shirinyan Privacy coins are gaining traction on cryptocurrency market and breaking from the correlation with bleeding Bitcoin and Ethereum With growing demand for “privacy coin” Monero and other cryptocurrencies that offer an anonymous and secure experience on the blockchain are enjoying rises in their value. XMR gained almost 17% in the last seven days despite the ongoing correction on the crypto market, per CoinMarketCap. As the data suggests, XMR almost completely ignores the… Source link

Initially regarded as havens for criminals and money launderers, cryptocurrencies have gone a long way in technological innovation and acceptance. Cryptocurrencies are typically used to purchase and trade goods and services. At the same time, some newer cryptocurrencies also serve as a set of rules or duties for their holders, as we shall explain later. Cryptocurrency markets have struggled during 2022, but some performed with distinction. For example, Monero (XMR) and Binance (BNB) have… Source link

Despite the volatility of digital finance and the most recent market crash, investors are maintaining their trust in cryptocurrency. Here is why you should too. Know Before You Invest As major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) declined after a period of volatility, investors are becoming restless. Similarly, FTX Token (FTT) and Monero (XMR) have also had periods of volatility, but they continue to be excellent investments. Meanwhile, Calyx Token (CLX), having… Source link

The crypto market has been in decline over the past six months with its valuation dropping from over $3 trillion in November 2021 to $1.23 trillion in May 2022. Fears over persistently higher inflation, the Federal Reserve’s hawkish response to it, and the ongoing conflict between Ukraine and Russia prompted investors to limit their exposure to riskier assets. Also, their increasing appetite for the safe-havens, such as the U.S. dollar, weighed down demand for some of the top cryptocurrencies… Source link

Quantitatives/Unsplash By June 2022, the price of Monero (XMR) could see a significant drop. Its 75% gain in the last two weeks could indicate we are entering the Monero overbought danger zone. Monero is also forming a bearish reversal pattern known as a rising wedge. Price travels inside a range indicated by two ascending, converging trendlines, forming rising wedges. Disclaimer: this article is not financial advice. Monero “overbought” danger zone indicative of overvalued… Source link

Monero (XMR) gets a bullish rating from InvestorsObserver Monday. The Digital Money asset is up 7.94% to $195.82 while the broader crypto market is up 1.6%. Monero has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Monero! Bullish Over the last five days, Monero has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of… Source link