(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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Regulatory scrutiny is likely garnering more attention for monero amid an upward-trending broader market.
Increasingly, the subject of anonymity-focused Monero has been popping up on blockchain forums. According to Google Trends, searches on the topic surged by about 700% in August 2016. What is Monero? How is it Different from Bitcoin? Monero is currently one of the most traded cryptocurrencies. It ranks sixth in cryptocurrency market capitalization. Its market cap is about $150 million USD, and its value is about 1% of that of bitcoin. In the month of September, Monero’s price hit an all-time high of about $14. The price was around $2 the previous month. The rise in price and the growing....
XRM price breaks down into a ranging channel as price failed to break above resistance, holding price from trending higher. XRM trades below 50 and 200-day Exponential Moving Average as the price struggles to regain bullish signs as the price continues ranging in a descending triangle. The price of XRM needs to break out of the descending triangle with good volume to rally high to a region of $200. Monero (XRM) prices continue to struggle as they range in a channel in an attempt to rekindle their bullish movement against tether (USDT). Monero (XRM) and other crypto assets experienced a....
Monero price has been bullish despite the broader market trends. Over the last 24 hours, XMR has continued moving up on its chart. It gained close to 4%. In the past week, Monero price gained significantly as there was a 9% appreciation on the altcoin’s chart. The technical outlook for the coin was bullish on the one-day chart. Monero has experienced low buying pressure over the past few days. The technical indicator now displayed that buying strength was recovering on the charts, which meant that XMR could be headed close to its next resistance mark. With increased demand, XMR could....
“We believe Monero is by far the best cryptocurrency at the moment to buy/sell anonymously,” an unknown rep of Monero Market told CCN before the Monero-focused dakrnet marketplace went offline today. The representative added: Bitcoin is not anonymous anymore. There has been lot’s of article of buyers/sellers being busted recently and this is just the tip of the iceberg. We believe in Monero and we do believe our market will grow in the next months as more and more people will get busted using Bitcoin. Monero Market was the first darknet marketplace to solely use Monero, a crypto-currency....