Monero Price Prediction: Further Declines Likely

The Monero price was not left behind in the recent cryptocurrency rout. The XMR is trading at $246, which is about 20% below the highest level on Monday. It has a market cap of more than $4.4 billion, according to data compiled by CoinMarketCap.

What happened: The recent price action of Monero has been relatively surprising. The coin has dropped by more than 52% from its all-time high. This is despite some good news for the coin. For one, the number of ransomware…

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