(XMR) Monero Price Trending Downwards

(XMR) Monero Price Trending Downwards

Monero has ranked among the top altcoins since its release in April, even earning its own market as a trading pair on the altcoin exchange Poloniex. However, the Monero price has been in decline for the past several months. CCN examines this altcoin price movement to help investors make wise trading decisions. Also Read: Monero Market Added To Poloniex Cryptocurrency Exchange. Monero Price Trending Downwards. The Monero price has been in decline for several months, and the fall continued during the past week. On October 24, the Monero price was 212,653 satoshis. Over the next two days, the....

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Monero Market Added To Poloniex Cryptocurrency Exchange

Monero (XMR) is an cryptocurrency based on the CryptoNote protocol that touts anonymity as one of its winning features. Recently, United States cryptocurrency exchange Poloniex added a new Monero market to its list of features. The addition makes Monero not only the first altcoin to establish its own market pairing since Litecoin on Poloniex, but also the first Monero direct market in existence. CCN. Poloniex, founded in January of 2014, currently offers over 140 Bitcoin and Monero trading pairs. Many know it's name from the Bitcoin theft they experienced this past March. The event was a....

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Monero Prices Are Forging Closer Ties to Bitcoin

The price of monero appears to be developing a closer relationship with bitcoin, the world's largest digital currency. Over the last six weeks, the two cryptocurrencies have displayed a correlation of 0.89, though it recent days this figure has edged higher. The pair enjoyed a tight correlation of 0.96 on 18th January, a time during which monero prices plunged roughly 10% as the privacy-oriented digital currency followed a drop in bitcoin prices. The price of monero fell to as little as $11.50, 9.9% below the daily high of $12.76 reached at 01:15 UTC, Poloniex....


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