1H
0.50%$1.54
24H
0.84%$2.58
7D
-3.55%$11.41
30D
-9.20%$31.42
Monero (XMR) has officially entered the top 25 cryptocurrencies by market capitalization, overtaking Litecoin and Toncoin.
Monero’s breakout from a prolonged consolidation phase between $100 and $200 suggests renewed bullish sentiment.
Privacy coins like Monero are blowing up in price amid hyped sentiment in the market.
Privacy coins like Monero (XMR) and ZCash (ZEC) have faced widespread delistings in 2024, with 60 removals from exchanges, the highest since 2021, due to increasing regulatory pressure.
The mainstream adoption of web3 protocols and digital assets, which has been facilitated by increased regulations, has significantly impacted privacy tokens led by Monero (XMR).
Monero (XMR) is an open-source cryptocurrency created in April 2014 that focuses on fungibility and decentralization. Monero uses an obfuscated public ledger, meaning anybody can broadcast or send transactions, but no outside observer can tell the source, amount or destination. Monero uses a Proof of Work mechanism to issue new coins and incentivize miners to secure the network and validate transactions.
The privacy afforded by Monero has attracted illicit use by people interested in evading law enforcement during events such as the WannaCry Ransomware Attack, or on the dark web buying illegal substances. This has been acknowledged by Monero, and not entirely disavowed. Despite this, Monero is actively encouraged to those seeking financial privacy, since payments and account balances remain entirely hidden, which is not the standard for most cryptocurrencies.
The egalitarian mining process of Monero has made it an alternative choice for websites and applications looking for substitute sources of income. In 2018, Change.org led the way by implementing a Monero miner on their screensaver to raise funds for the Change.org Foundation. While some organizations use Monero miners to cover hosting costs as an alternative to paywalls or advertisements, malicious hackers have also used it via covertly embedding mining code into websites and apps seeking profit for themselves.
Bitcoin halving is undeniably one of the most anticipated events in the crypto industry. As enthusiasts continue to count the days for the next Bitcoin halving scheduled for 2024, here’s all you need to know about the event.
In this guide, we’re taking a look at market trends, their types, explain how to identify them correctly to spot a good buying or selling opportunity.
