Monero

Monero price is defying gravity as other cryptocurrencies slump. The XMR token is trading at $240, which is about 10% above the lowest level this week. This price is slightly below the year-to-date high of $252. As a result, its total market cap has risen to more than $4.3 billion. Why is XMR rising? Cryptocurrencies are having a difficult time as investors continue worrying about the global economy as inflation soars. Bitcoin, the biggest cryptocurrency in the world, has moved below $40,000… Source link

da-kuk/E+ via Getty Images Thesis Summary Monero (XMR-USD) is privacy-focused crypto that enables completely anonymous transactions. Monero is unique in many ways, and I can see why some would be interested in owning it. However, I will initiate my review with a Hold rating, given that I see more interesting crypto projects out there. Technology Monero is a privacy-focused cryptocurrency. Contrary to popular belief, transactions on most blockchains can be tracked by anyone. They are after all… Source link

Two Cryptocurrencies We’d Buy Today and One Maybe – Here’s Why This week, traders find themselves in for a “huge shock” and probable big losses with Bitcoin (BTC) and other major cryptocurrencies, such as Ethereum (ETH), BNB, Terra (LUNA), XRP, Solana (SOL), Cardano (ADA) and memecoin Dogecoin (DOGE) all dropping precipitously in value, wiping out almost $200 billion from the entire cryptocurrency market in a matter of hours. Can Bitcoin and Ethereum still tow the cryptocurrency… Source link

Over the weekend, the cryptocurrency market recorded over 2% decrease in its total market capitalization as most coins suffered a correction. Bitcoin traded close to its $42,000 support level after trading above the $43,000 mark for a while on Friday. Similarly on Friday, Ethereum also declined by almost 4%. BNB also shed close to 3%. On Friday LUNA also recorded a decline of over 6.5% with SOL also lost over 6%. As Bitcoin and other altcoins begin to regain momentum, XMR took the lead. XMR… Source link

Monero (XMR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Digital Money has fallen 2.82% to $229.37. InvestorsObserver is giving Monero a 26 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 26, placing it in the bottom 26% of cryptos on the… Source link

Privacy-focused cryptocurrency Monero (XMR) rallied by nearly 9.5% in the past week compared with the crypto market’s decline of 8.5% in the same period. What’s more, the XMR/USD pair has broken above a strong, multi-month resistance trendline, hinting at more upside ahead. XMR price action  XMR’s price was down by a modest 0.87% on April 10 from its two-month-high of $245 established a day before. However, the cryptocurrency still outperformed its top rivals, including Bitcoin (BTC) and… Source link

After falling to its January 2021 all-time high of around $42,000, bitcoin has maintained that level following a relatively still trading day. The altcoins are also untypically calm today, with Monero being among the few exceptions and XMR tapping a three-month high. Bitcoin Remains Above $42K It’s safe to say that the primary cryptocurrency has seen better days as it attempted to jump above $47,000 earlier this week. However, it failed on both occasions when the bears… Source link

InvestorsObserver analysis gives Monero a low risk assessment. The proprietary scoring system calculates how much money was required to move the price over the past 24 hours with changes in volume and market capitalization to discover if a crypto can potentially be easily manipulated by limited trading activity. Low values representing high risk while high scores equate to low risk based on a 0 to 100 range. InvestorsObserver is… Source link

If you see the bigger markets pick up, then Monero might be a nice way to pick up a bit of momentum in the crypto markets. Monero pulled back on Wednesday to test the 200-day EMA yet again, which sits at the $210 level. That is an area that the market has respected previously, so it is worth noting that we have handled that area as an area that is important. The 50-day EMA is starting to rally from here and reach towards the upside, perhaps offering a potential “golden cross” in the… Source link

Monero Classic (XMC) gets a bullish rating from InvestorsObserver Tuesday. The crypto is up 0.43% to $0.2946954432 while the broader crypto market is up 0.61%. Monero Classic has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Monero Classic! Bullish Over the last five days, Monero Classic has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score… Source link