Search results for: monero

The top 50 cryptocurrencies by market cap looked like a blood bath at the time of this press as bears continue their assault. Other than stablecoins, Monero (XMR) is the only cryptocurrency that seems to be holding on to some previous gains. A look at XMR’s latest price action reveals that it has been onContinue reading “Monero [XMR] defies market-wide bleeding thanks to its…”

Over the weekend, the cryptocurrency market recorded over 2% decrease in its total market capitalization as most coins suffered a correction. Bitcoin traded close to its $42,000 support level after trading above the $43,000 mark for a while on Friday. Similarly on Friday, Ethereum also declined by almost 4%. BNB also shed close to 3%.Continue reading “Monero: What XMR’s quick recovery amid broader market bearishness means”

After Bitcoin flipped its 4-hour 20 EMA from resistance to immediate support, Dogecoin revealed a bullish edge on its near-term technicals. The alt along with Monero also saw a rising wedge (reversal pattern) on its 4-hour chart.  Further, Ethereum classic also affirmed a bullish edge while moving near its liquidity range.  Dogecoin (DOGE) After losingContinue reading “Dogecoin, ETC, Monero Price Analysis: 29 March”

An interesting development in cryptocurrency-based darknet markets bewildered the industry last year when imprisoned Silk Road founder Ross Ulbricht sold his first NFT for $6.2 Million to fund his release. Silk Road was one of the first and biggest darknet marketplaces to have surfaced last decade before Ulbricht was arrested in 2013. Even as SilkContinue reading “Which coin dominates the darknet market space? It’s not Monero”

One of the leaders of the privacy coin sector, the price of Monero has taken a beating on the charts. A few months ago, Kraken had to delist Monero due to regulatory compliance reasons in the UK. News such as these could deflate investor confidence in the coin. At the time of writing, the coinContinue reading “Monero was trading at a take-profit level; can bulls push the price past this area of supply”

The past two days have marked a decent bullish recovery attempt as Bitcoin endeavors to re-enter the $50,000 zone. Dogecoin, as usual, did not fail to flash its high volatility after a staggering surge on 14 December. The near-term technicals for Bitcoin, Dogecoin and Monero, hinted at decreasing selling pressure.  Bitcoin (BTC) After striking itsContinue reading “Bitcoin, Dogecoin, Monero Price Analysis: 16 December”

The industry woke up today to the news of Bitmart exchange being exploited to the tune of nearly $200 million in stolen funds through Ethereum and Binance Smart Chain. With exploits becoming commoner and hackers coming up with ingenious ways to install malware, caution is absolutely necessary. Worth noting, however, that mining campaigns are providingContinue reading “Security researchers detect new variant of Monero mining exploit Tor2Mine”

Bitcoin’s weakened market rally and subsequent losses over the last week gave way for altcoins to steal the show. While Avalanche and Crypto.com coin were among the few top alts that rallied, some took the market by surprise like Zcash (ZEC).  Over the last four days, ZEC outperformed major altcoins and even Bitcoin in termsContinue reading “Can Monero & Dash rally like Zcash to strengthen the ‘privacy coin market?’”

At a time when speculative joke-coins like Shiba Inu and Floki Inu are being listed by top exchanges, others are being delisted for issues regarding security and compliance. The world’s eighth-largest cryptocurrency exchange Kraken has dropped top privacy coin, Monero. They cited regulatory compliance as the reason behind the delisting. Reddit users shared an emailContinue reading “Kraken to delist Monero, cites regulatory compliance issues in the UK”

With the cumulative market cap falling by nearly 2% over the last 24 hours, most cryptos were mostly in the red on 22 October. Some altcoins, in fact, showed signs of correction too.  Polkadot and Monero, for instance, projected superior buying pressure, while Ethereum Classic exhibited signs of decreasing bullish power. Polkadot [DOT] DOT movedContinue reading “Polkadot, Ethereum Classic, Monero Price Analysis: 22 October”

Monero’s price hiked by 85% on the charts in the 34-day period from 21 July to 24 August. In fact, XMR’s price tumbled briefly before picking up the pace in the first week of September again. The altcoin, however, was unable to shield itself from the broader market downtrend in September and ended up dippingContinue reading “Is it too soon to expect Monero to breach $300”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Buoyed by Bitcoin’s resurgence to $44k, the altcoin market was witnessing some recovery after recent sell-offs.  Monero, which historically shares a high correlation with the king coin, bounced back from its support level andContinue reading “What Monero traders should be wary of before these levels are toppled”