Monero

Image source: Getty Images The cryptocurrency market has largely stalled in 2022. It had been locked in competition with gold and silver as an alternative haven. Unfortunately, it has been unable to attract the desired attention in the face of turbulent conditions so far this year. Today, I want to discuss why Monero (CRYPTO:XMR) is my favourite cryptocurrency to target right now. Let’s jump in. Here’s why Bitcoin has failed to regain momentum in the first half of… Source link

crypto blockchain Written by Ambrose O’Callaghan at The Motley Fool Canada The cryptocurrency market has largely stalled in 2022. It had been locked in competition with gold and silver as an alternative haven. Unfortunately, it has been unable to attract the desired attention in the face of turbulent conditions so far this year. Today, I want to discuss why Monero (CRYPTO:XMR) is my favourite cryptocurrency to target right now. Let’s jump in. Here’s why Bitcoin has failed to regain momentum… Source link

Monero receives a strong long-term technical score of 92 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. Currently, XMR holds a superior long-term technical analysis score than 92% of… Source link

Monero (XMR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Digital Money has added 1.18% to $232.65. InvestorsObserver is giving Monero a 28 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 28, placing it in the bottom 28% of cryptos on the… Source link

The biggest, most effective privacy coin was on a six-month slide until Feb. 24, when it began a steady climb, rising from around $235 to $335. While there a lot of things that can affect the price of any cryptocurrency, it’s probably worth noting that a token designed expressly to hide crypto transactions — and keep law enforcement from tracking them across blockchains — is up more than 40% since Russia invaded Ukraine and U.S.- and European Union-led sanctions sent the aggressor’s… Source link

Monero sees a sustained price surge as the boarder crypto market struggles. Last week and —the two largest cryptocurrencies—dropped by 7.6% and 6%, respectively. Most of the market followed them into the red. However, privacy-oriented cryptocurrency Monero () seems to be withstanding the bearish trend proving its value as sound money during times of crisis. Monero Hits Three-Month High At $244 On Sunday, Monero reached a three-month top at $244. On a weekly basis, XMR is one of the few… Source link

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Last week Bitcoin and Ethereum—the two largest cryptocurrencies—dropped by 7.6% and 6% respectively. Most of the market followed them into the red. However, privacy-oriented cryptocurrency Monero (XMR) seems to be withstanding the bearish trend proving its value as sound money during times of crisis. Monero Hits Three-Month… Source link

Arman Shirinyan SHIB, XMR and APE are leading the cryptocurrency rally with 10% price increase in last hours As top-tier cryptocurrencies like Ethereum and Bitcoin are plunging, altcoins like Monero, ApeCoin and Shiba Inu are adding close to 10% to their values in the last 24 hours, indicating traders and investors are choosing riskier options, per CoinMarketCap. Shiba Inu on the rise Shiba Inu showed itself as one of the strongest positions on the cryptocurrency market today after… Source link

“Due to the Russia/Ukraine war, core inflation reading is key to watch out for, as this strips out gas and food, giving the Federal Reserve the green light to continue to hammer the market with aggressive policy,” Marcus Sotiriou, analyst at the U.K. based digital asset broker GlobalBlock, said in an email. Source link

The top 50 cryptocurrencies by market cap looked like a blood bath at the time of this press as bears continue their assault. Other than stablecoins, Monero (XMR) is the only cryptocurrency that seems to be holding on to some previous gains. A look at XMR’s latest price action reveals that it has been on a bullish trajectory since 24 February. However, while most other top cryptocurrencies peaked and commenced retracement at the start of April, Monero managed to ward off the bears.