Monero (XMR) is the worst-performing crypto asset of the past 24 hours. The privacy-focused coin is down 15% in the past day, pushing below key support levels amid a strong drop level. Chart of XMR's price action over the past week from TradingView.com Its drop comes as Bitcoin has done its best to hold the…
What Is Monero (XMR)? Monero (XMR) is one of the leading cryptocurrencies focused on privacy, zero knowledge, and censorship-resistant transactions. The Monero network operates on a proof-of-work (PoW) consensus mechanism, like Bitcoin and various other cryptocurrencies. This system incentivizes miners to contribute blocks to the blockchain. Monero’s PoW algorithm is designed to resist specialized mining…
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…
Privacy coin Monero presses on full steam ahead as its daily transaction count reaches all-time highs. Data from bitinfocharts.com shows the daily number of XMR transactions peaked at 20.136k on October 12, 2020. This smashes the previous all-time high of 16.689k daily transactions, achieved less than a month and a half ago. Source: bitinfocharts.com Since…
A spate of exchange delistings has pushed privacy coins further to the fringes of cryptocurrency. The likes of Monero, Komodo, Bytecoin, and ZCoin have all felt the pinch of regulatory compliance in recent times. But things ramped up today as blockchain analytics firm CipherTrace publicized its new Monero tracking tool. In conjunction with the US…
The privacy-focused cryptocurrency Monero (XMR) is once again in the spotlight after reaching new record highs, even as governments tighten oversight of digital assets. Related Reading: Dogecoin Bulls Don’t Celebrate Too Early: This Level Still Must Fall XMR recently surged past $700, marking its highest price to date and placing it among the top 15…