Monero

This is a market that I think will face quite a bit of headwind, because we are simply not in the right economic cycle for crypto to do well on the whole. Monero has been very bullish during the trading session on Tuesday to reach towards the $180 level. This is an area that is worth noting because it has previously been both support and resistance. We also have the 50 day EMA sitting there and sloping lower, so that has a bit of technical resistance built into it anyway. Monero has formed… Source link

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Monero Classic (XMC) gets a bullish rating from InvestorsObserver Thursday. The crypto is up 178.63% to $0.1851149167 while the broader crypto market is down 10.36%. 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… Source link

Ultimately, this is a market that I think continues to see a lot of volatility, especially as it is considered to be an alt coin. The Monero market tried to rally a bit during the course of the trading session on Wednesday as the $150 level continues to see quite a bit of support around it. As you can see, the market has broken down below the level a couple of months ago, and then stabilize before rallying towards the 50 day EMA. It is worth noting that the $180 level has been significant… Source link

Monero Classic achieves a high risk analysis based on InvestorsObserver research. The proprietary system gauges how much a coin can be manipulated by analyzing much money it took to shift its price over the last 24 hour period along with analysis of recent changes in volume and market cap. The gauge is between 0 and 100 with lower scores equating to higher risk while higher values represent lower risk. InvestorsObserver is giving Monero Classic a high Risk/Reward Score. Find out what… Source link

Monero (XMR) is trading at $172.80, down 4.61% with a low of $171.473 and a high of $183.58 in the last 24 hours. The crypto has a market capitalization of $3,126,923,853, and a price nearing the $170 resistance threshold. According to Coindesk’s price research, bearish swings are back, and price increases have been slower than in previous months because of the downward trend. Monero is going bearish again following a decrease in the XMR/USD market, as a result of negative news coming… Source link

It is easier to simply sell short-term rallies that show signs of exhaustion. Monero has gotten hammered during the trading session on Thursday right along with the rest of crypto as risk assets across-the-board were sold off. As long as there are going to be concerns about risk appetite, it is almost impossible to imagine a scenario where alt coins such as Monero take off to the upside. Because of this, I do think that Monero is more likely than not to go looking towards the $150 level… Source link

An interesting development in cryptocurrency-based darknet markets bewildered the industry last year when imprisoned Silk Road founder Ross Ulbricht sold his first NFT for $6.2 Million to fund his release. Silk Road was one of the first and biggest darknet marketplaces to have surfaced last decade before Ulbricht was arrested in 2013. Even as Silk Road might have ceased operations, a plethora of similar marketplaces have since surfaced on the darknet to cater to numerous, mostly illegal,… Source link

Monero price is moving sideways after the latest minutes by the Federal Open Market Commission (FOMC). The XMR coin is trading at $177.90, which is about 35% above its lowest level this year. Privacy coins in focus Monero is a leading cryptocurrency that was built to solve some of the biggest challenges in Bitcoin’s ecosystem. The network is relatively faster than Bitcoin and the cost of transactions is significantly lower. Monero sets itself apart when it comes to its privacy credentials. The… Source link

As the most effective of the so-called privacy coins, Monero is designed specifically to make it impossible for anyone to trace by breaking the chain connecting one transaction to another. But now, it’s facing a potential crisis on its home front as a growing concentration of power calls into question just how secure those transactions are. While blockchain transactions are said to be immutable, there is one big asterisk next to that statement: A 51% attack, which allows anyone who gains… Source link