Monero

The sudden shake-up in the cryptocurrency market has resulted in the prices falling across the market. Altcoins like Monero have seen a long-term bullish trend flipped to a bearish one. However, the change in trend could be a sign of an impending correction in its market. At the time of writing, XMR was being traded at $313.10 with a market capitalization of $5.58 billion. Monero 6-hour chart Source: XMRUSD on TradingView The XMR chart was showing the strong bullish momentum carrying its… Source link

The altcoin market has always been highly correlated to Bitcoin’s price and over the past week, this was quite evident. The short-term price correction that Bitcoin underwent affected many of the market’s altcoins. However, it didn’t do so uniformly. Monero [XMR] Source: XMR/USD, TradingView Monero’s price has seen significant gains over the past week amounting to over 26 percent, however, at the time of writing, the upward momentum seemed to be slowly dropping. At press time, the… Source link

Monero formed yet another symmetrical triangle and a breakout could go as high as $370. Synthetix needed to climb above $22.3 and $24.1 to make a recovery towards its late February levels. Finally, Maker did not look ready to climb above its $3,105-resistance just yet. Monero [XMR] Source: XMR/USD, TradingView Monero registered a strong upcycle after the price broke north from a major resistance level; at $239.05. In fact, XMR formed a symmetrical triangle prior to the breakout and gains… Source link

Uniswap could dip back towards $26.2 support if the price is unable to flip the $32-resistance. Monero’s bullish movement was confined within an ascending triangle and a breakdown was still likely over the long term. Finally, Ethereum Classic was projected to go against the norm and break below its symmetrical triangle. Uniswap [UNI] Source: UNI/USD, TradingView Uniswap formed three peaks above the $35-mark during early March but failed to break above the aforementioned level, which… Source link

Riccardo Spagni, also known by his Twitter handle “fluffypony,” who is the lead maintainer of Monero, recently shared his opinion on Mobilecoin (MOB) project. Taking to Twitter, Spagni claimed that MobileCoin was actually based on Monero and not CryptoNote, as the project “claims.” Stating that he was “disappointed” that there was no credit given to Monero devs for the project; he wrote:  Very, very disappointing. MobileCoin claims to be based on CryptoNote, but it’s not. It’s… Source link

Key Takeaways Riccardo Spagni of Monero has accused MobileCoin of using the former coin’s code without acknowledging its origins. Others have criticized MobileCoin for being overly centralized. The coin became more notable this week when Signal decided to adopt it as a means of payment. Share this article MobileCoin is facing criticism around the origin of its features, following accusations from a lead developer behind Monero. Did MobileCoin Borrow from Monero? MobileCoin combines Ring… Source link

“Conventional” Wisdom? Not Around Here… The chart you’ve just seen from EWI’s Crypto Pro Service is exactly what we mean when we say: “Analysis & forecasts you won’t see or read elsewhere.” Unique charts and analysis are a daily (and intraday) feature of our work in Crypto Pro Service, where we cover 7 major cryptos — including Bitcoin, Ethereum, Litecoin and Monero — 24 hours per day. Follow the link below for more. Source link

The Monero price has been in recovery mode recently after it dropped by 40% in February to a low of $171. Today, the XMR price is trading at $265, which is 54% above the February  23 low. Its market cap has risen back to $4.65 billion but its ranking has dropped to 28. What happened: Monero is a popular cryptocurrency that is known for its strong encryption and privacy. Unlike Bitcoin whose transactions can be tracked, Monero transactions can never be… Source link

Monero showed bullish behavior as it approached the crucial resistance level of $282.9. Algorand awaited more signals to break away from its range, while Hedera Hashgraph was tipped to lose out on its $0.308-support. Finally, Enjin Coin projected a subdued market if the price falls below its long-term moving average line. Monero [XMR] Source: XMR/USD, TradingView Monero’s market bulls ignored bearish divergences mentioned in a previous analysis and continued to push north on the 4-hour… Source link

The Case For Monero Monero has all the attributes to be ranked among the top-tier cryptocurrencies. However, the project has been hit by a slew of negative reports. By its very nature as a privacy coin, Monero has shouldered the blame for cryptocurrency wallet and exchange hacks. Despite these challenges, Monero’s community-driven network, dynamic use of block size, and proven track record are all factors that make a strong case for the cryptocurrency. Founded in 2014, Monero has had a… Source link