Monero gets Binance backing, but should XMR traders go long

Monero [XMR] performed impressively over the last 24 hours with a 6.28% uptick. On the previous day (10 August), the XMR price was $159 as per CoinMarketCap.

At press time, it was trading at $168.16, drawing attention and possibly on its way to another solid performance like it did in July.

Before now, Monero had been involved in several proposals—making moves to transition from one network to another. Additionally, the private cryptocurrency made its network upgrade a…


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