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Monero gained upside momentum and managed to get back above the $200 level amid broader crypto market pullback. Monero Trades Well Below 2017 Highs After the Strong Pullback in 2021 Monero is one of the first privacy-focused cryptocurrencies. Back in 2017, when cryptocurrencies have made a major move into the mainstream news flow, Monero reached highs near $475. In 2021, Monero made an attempt to settle above 2017 highs and even tried to settle above the $500 level, but found itself under… Source link

Monero price has staged a strong recovery in the past few days. XMR is trading at $221, which is slightly above this week’s low of $180. This rally brings its total market capitalization to over $3.8 billion, making it the 45th biggest cryptocurrency in the world. XMR steady Monero is a popular cryptocurrency that differs from Bitcoin and Litecoin in that it was created with privacy in mind. Unlike Bitcoin whose transactions are found in a public ledger,… Source link

“First Mover” hosts were joined by world-renowned cryptographer and privacy advocate and Elixxir CEO, David Chaum, who shared his views on the current state of cryptocurrency and blockchain and the development of Web 3, among other topics. Wade Peery, chief administrative officer of First Bank, shared insights into the plan to offer stablecoin “USDF.” Plus, “First Mover” interviewed James Burnham, a partner at the law firm of Jones Day, on the crypto regulation turf war. Source link

Market volatility reared its ugly head once again for crypto traders on Jan. 13 as the excitement of Bitcoin (BTC) hitting its highest level in a week was quickly thwarted by a correction that thrust the cryptocurrency back into the mid-$45,000 range.  Data from Cointelegraph Markets Pro and TradingView shows that after reaching an intraday high of $44,500, bears took control of the Bitcoin market and hammered the price to a low of $42,315 while the wider global financial markets also  Source link

Litecoin (LTC) has rebounded steadily in recent days. The altcoin has actually jumped 4% over the past week, erasing some of the losses we saw during the market crash. But even with these bullish signs, LTC is still firmly in bearish territory and could stay there for some time. But should you still buy it? First, here are some highlights: Although LTC has moved above its 25- and 50-day exponential moving averages, it is still well below its 200-day EMA. Broader sentiment in the… Source link

Ether (ETH) price has bounced 13% from its Jan. 9 low at $2,950, but it seems premature to call the move a cycle bottom. Instead, the larger bearish movement has prevailed and although it looks primarily correlated to Bitcoin (BTC) price, regulatory concerns and a tighter United States Federal Reserve policy have also been blamed for the movement. BTC and Ether have been under pressure since regulators focused their attention on stablecoins. On Nov. 1, the U.S. Treasury Department urged… Source link

Lysogor/iStock via Getty Images I recently wrote an article that explores that investment case for Ethereum. While I think Ethereum (ETH-USD) is going to grow rapidly and mostly maintain their market leadership (~60% in 2022 down from 90%+ to start 2021) in the smart contract space, there are some attractive alternatives that may experience even more rapid growth. I plan to write the investment case for each one of the other major Ethereum competitors starting with one of my favorites:… Source link

While the market lurched into a possible recovery window, the perception was not quite yet in favor of bulls. The broader market saw a decent recovery over the past three days and thus, reignited the bullish sentiment. Avalanche marked a double-bottom on its 4-hour chart. With a bullish RSI, the buyers had to step in at the $96-level to confirm a further recovery. Litecoin and MANA jumped above their 20/50 SMA but failed to gather trend-altering volumes. Avalanche (AVAX) Source:… Source link

Monero (XMR) gets a very bullish rating from InvestorsObserver Thursday. The Digital Money asset is up 10.25% to $217.57 while the broader crypto market is down 1.94%. Monero has a Very Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Monero! Very Bullish Over the last five days, Monero has earned a Very Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score… Source link

What happened Today, a range of top cryptocurrencies are once again seeing buying pressure materialize. Meme token Dogecoin (CRYPTO:DOGE) surged 3% higher over the past 24 hours, as of 11 a.m. ET. Over the same time frame, security token Monero (CRYPTO:XMR) and Layer 2 blockchain network Harmony (CRYPTO:ONE) rose 7.6% and 7%, respectively. It should be noted that, earlier this morning, each of these tokens surged substantially higher. However, as… Source link