| 
| Monero 
| #XMR
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| XMR Price: | $171 | | Volume: | $52.7 M | | All Time High: | $517 | | Market Cap: | $3.1 B |
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| Circulating Supply: | 18,081,370 |
| Exchanges: | 39
| | Total Supply: | 18,081,370 |
| Markets: | 75
| | Max Supply: | — |
| Pairs: | 55
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The price of #XMR today is $171 USD.
The lowest XMR price for this period was $0, the highest was $171, and the current live price for one XMR coin is $170.57739.
The all-time high XMR coin price was $517.
Use our custom price calculator to see the hypothetical price of XMR with market cap of ETH or other crypto coins. |
The code for Monero is #XMR.
Monero is 8.8 years old. |
The current market capitalization for Monero is $3,084,272,906.
Monero is ranked #24 out of all coins, by market cap (and other factors). |
There is a large volume of trading today on #XMR.
Today's 24-hour trading volume across all exchanges for Monero is $52,714,550. |
The circulating supply of XMR is 18,081,370 coins, which is 100% of the total coin supply.
A highlight of Monero is it's limited supply of coins, as this supports higher prices due to supply and demand in the market. |
XMR is well integrated with many pairings with other cryptocurrencies and is listed on at least 39 crypto exchanges.
View #XMR trading pairs and crypto exchanges that currently support #XMR purchase. |
 | Biggest Movers: XMR, DOT Move Higher, Rebounding From Recent Declines
Monero rebounded from recent losses on Tuesday, as the token attempted to recapture recent highs. The move comes as U.S. markets reopened following a public holiday on Monday. Polkadot also moved higher in today's session, snapping a two-day losing streak.Monero (XMR)
Monero (XMR) rebounded on Tuesday, as the token moved back towards a recent seven-month high.
Following a low of $165.77, XMR/USD raced to an intraday peak of $173.28 earlier in today's session.
Today's move saw monero bounce from its support at $165.00, and climb towards a resistance of $175.00.
As of writing, the token remains below this ceiling, currently trading at the $172.65 level.
Should this hurdle be overcome, XMR bulls will likely attempt to recapture last week's peak of $187.20.
In order for this to happen, the relative strength index (RSI), which is currently tracking at 68.71, will need to move back towards the 80.00 mark.
Polkadot (DOT)
Polkadot (DOT) snapped a two-day losing streak on Tuesday, with prices nearing a two-month high.
DOT/USD hit a high of $6.07 earlier in today's session, which comes less than 24 hours after trading at a low of $5.66.
As a result of Tuesday's surge, DOT moved to a ceiling at $6.10, and closer to Saturday's high of $6.51.
Looking at the chart, the rebound came as the 14-day RSI also bounced from its own support point at 72.45.
Currently, the index is tracking at 74.88, with a ceiling at the 82.00 mark a possible target for buyers.
As of writing, DOT has given up ea...
|  | Monero Has Been On A Bullish Run But Will The Momentum Hold?
The Monero price has rallied over the past week since the broader market recovered. Over the last 24 hours, XMR was consolidating despite its weekly gains. The coin traded laterally over the past few sessions before it started to dip on its chart.
As momentum halted recently, it is still uncertain whether XMR will resume its upward price movement. The technical outlook of the coin continued to side with the bulls despite lateral trading.
Accumulation remains high on the chart despite a downtick in demand over the last trading sessions. Monero also displayed overbuying tendencies, and the recent fall in the asset's value could be tied to a price correction.
The altcoin can prevent considerable loss if Monero stays above its immediate support line. The market capitalization of Monero declined slightly, meaning that the coin encountered selling in the past trading sessions. At the current price, the coin was trading at 70% low than its all-time high secured in 2021.
Monero Price Analysis: One-Day Chart
XMR was trading at $166 at press time. Over the last week, the coin secured gains and pierced through various resistance lines. The coin crossed the $157 resistance line and flipped it into a support zone for itself.
Monero was trading on an ascending trendline (white), typically characterized by a breakout, either on the upside or the downside. Over the last 24 hours, XMR diverted from the trendline and fell on its chart.
This could imply that the coin will depreciate and rest ...
|  | Biggest Movers: XMR Hits 2-Month High, ADA Extends Recent Gains
Monero slipped from an earlier two-month high, as December U.S. nonfarm payrolls (NFP) showed signs of a slowing labor market. Figures released today showed that the NFP fell to 223,000, down from a reading of 263,000 the month prior. Cardano was mostly higher, as it rose to a multi-week high.Monero (XMR)
Monero (XMR) surged to a two-month high of $158.11 earlier in today's session, which came prior to the release of December's U.S. nonfarm payrolls report.
However, following the report, which showed that 223,000 jobs were added to the U.S. economy, the token fell to a low of $151.90.
Initially the surge in price came as XMR broke out of a resistance level at $155.00, however as of writing, it is once again below this point.
Looking at the chart, XMR/USD also moved lower as the 14-day relative strength index (RSI) moved lower.
The index is currently tracking at the 61.37 level, which is marginally below a key resistance level of 70.00
Typically, the 70.00 level is an area where price is overbought, and this seems to have been used by bears as a perfect point of reentry.
Cardano (ADA)
Cardano (ADA) was another notable gainer in Friday's session, as it surged to a multi-week high.
ADA/USD raced to a peak of $0.2756 earlier in the day, and this comes less than 24 hours after trading at a low of $0.2651.
Today's rally sent ADA to its strongest point since December 16, prior to prices consolidating during the holiday period.
As can be seen from the chart, today's move also saw ...
|  | Biggest Movers: ETC Moves Away From Multi-Month Lows, as XMR Extends Rec...
Ethereum classic rallied for a second straight session on Wednesday, following better-than-expected U.S. consumer confidence data. The figures showed that confidence among American consumers rose to the highest level in eight months, with a reading of 108.3. Monero was also higher on the news, as it extended recent gains.Ethereum Classic (ETC)
Ethereum classic (ETC) rose for a second straight day on Wednesday, as markets responded to better-than-expected U.S. consumer confidence data.
Today's figures, which were initially expected to come in at 101, came in higher than anticipated, with a reading of 108.3 in December.
As a result of today's data, ETC/USD raced to a peak of $16.64 earlier in the day, which is nearly 5% higher than Tuesday's low at $15.59.
Looking at the chart, the move came as price continued to move away from Monday's bottom of $14.74, which was the lowest point ETC had hit since July.
The surge coincided with the 14-day relative strength index (RSI) climbing from a floor of its own at 28.00, and it is currently tracking at 37.61.
The index now seems set to collide with a resistance at 41.00, which could mean that prices will begin to decline.
Monero (XMR)
Monero (XMR) was another notable gainer in today's session, as prices surged for a fifth straight day.
Following a low of $146.31 on Tuesday, XMR/USD surged to an intraday high of $148.16 earlier in the day.
Wednesday's move now puts monero at its highest point since Friday, with the token closing in on a...
|  | Biggest Movers: SHIB, XMR Extend Recent Gains on Monday
Shiba inu rose for a third consecutive session on Monday, as the meme coin continued to move away from last week's lows. Today's surge comes as the global cryptocurrency market cap was largely unchanged, and is down 0.01% as of writing. Monero was another notable mover to start the week, as it too rose in back-to-back sessions.Shiba Inu (SHIB)
Shiba inu (SHIB) was in the green to start the week, as the meme coin rose for a third consecutive session.
Following a low of $0.00000848 on Sunday, SHIB/USD surged to an intraday high of $0.00000875 earlier today.
The move saw the token continue to climb away from last week's low of $0.00000800, which was its weakest point since June.
Looking at the chart, SHIB has somewhat retreated from earlier highs, as price uncertainty increased, as the coin edged closer to a key resistance level.
As of writing, shiba inu is trading at $0.000008684, which is below today's top, and below a ceiling of $0.000008800.
This comes as the relative strength index (RSI) collided with, but failed to break out of, its own resistance point at the 43.00 mark.
Monero (XMR)
Monero (XMR) was another notable token to climb on Monday, as it also extended a recent bull run.
XMR/USD rose for a third straight day to start the week, hitting a high of $145.97 in the process.
Monday's move comes as monero continues to move away from a recent support point of $140.00, which was last hit this past Saturday.
As a result of today's surge, the RSI of 14 days is now hoverin...
|  | Biggest Movers: QNT Remains Near Multi-Week High, XMR up for Fifth Strai...
Quant was one of the biggest gainers to start the weekend, as price remained close to a multi-week high. This comes as cryptocurrency markets were marginally higher, following Friday's volatile session. Monero was also higher on Saturday, as the token extended its recent gains for a fifth consecutive day.Quant (QNT)
Quant (QNT) was trading near a multi-week high on Saturday, as prices rallied above a notable resistance point.
QNT/USD rose to an intraday high of $131.95 to start the weekend, less than a day after it fell to a bottom of $121.95.
This surge in price pushed quant towards its highest point since Nov. 9, when price was trading at $150.60.
Looking at the chart, today's rally came as the token moved beyond a resistance at the $125.00 mark.
In addition to this, the 14-day relative strength index (RSI) is tracking at its strongest point since October 26, with a reading of 54.85.
Although this is below a resistance of 55.00, many expect QNT to move beyond this over the weekend, with price moving towards $140.00.
Monero (XMR)
Monero (XMR) was another notable gainer on Saturday, as prices edged closer to a key ceiling.
Following a low of $143.30 in yesterday's session, XMR/USD moved to a peak of $148.19 earlier today.
This saw monero hover close to a resistance point of $150.00, as bulls attempt to recapture a recent three-and-a-half-week high.
As can be seen from the chart, XMR hit a three-week high on Thursday, when price traded at a top of $159.45.
Overall, the toke...
|  | Biggest Movers: XMR, LEO Move Towards 1-Week Highs on Thursday
Unus sed leo was a notable gainer on Thursday, as the token surged towards a one-week high. The move comes as crypto markets seem to have settled, a week on from the turbulence caused by the FTX collapse. Monero also rallied, climbing above the $130 level.Monero (XMR)
Monero (XMR) was closing in on a one-week high on Thursday, as market volatility eased a week on from the FTX collapse.
XMR/USD raced to an intraday high of $132.97 in today's session, which comes a day after trading at a low of $127.09.
Today's move saw monero hit its highest point since last Friday, and it is now marginally below a ceiling of $133.50.
Looking at the chart, earlier gains have somewhat eased, as traders became nervous the closer price moved to this ceiling.
The 14-day relative strength index (RSI) also collided with a key resistance level of 43.00, and as of writing is tracking at 42.09.
Should bulls intend to move prices above $133.50, this ceiling of 43.00 will need to be broken first.
Unus Sed Leo (LEO)
Unus Sed Leo (LEO) was another notable gainer in today's session, as prices also neared a one-week high.
Following a low of $3.78, LEO/USD raced to an intraday peak of $4.04, hitting its strongest point since November 11.
Currently LEO is trading over 5% higher than yesterday's bottom, and is nearing a breakout of a long-term resistance level.
LEO/USD is still hovering below this ceiling of $4.05, which comes as the RSI also sits below a resistance of its own.
As of writing, the index is tr...
|  | Why Monero Is Struggling To Crack This Resistance Level Since September
Monero (XMR), an open-source, privacy-oriented cryptocurrency launched in 2014, managed to reach the $151 marker on November 2 as it briefly rallied before it experienced slight price correction.
Here's a quick glance at XMR trajectory:
Over the last two months, Monero traded at a narrow range that peaked at $152
Surpassing the crucial $156 marker will enable XMR to climb all the way to $172
Failure in increasing trading volume will most likely pull the crypto down to $148
At the time of this writing, according to tracking from Coingecko, the altcoin is changing hands at $149.10, going down by almost 1% over the last 24 hours.
The digital currency’s weekly, biweekly and monthly performance is relatively well, considering the crypto market was on an extended bearish momentum before the October 25 rally.
During the last seven days, Monero managed to go up by 1.5% while over the last two weeks, the asset increased by 2.8%.
|  | Biggest Movers: XMR Moves to 10-Day High, AAVE Remains Near 5-Week Peak
Monero raced to its highest point in ten days, as the token moved past a key resistance level on Wednesday. Today's move sees the token rise higher for a fourth consecutive day, following a rebound from its long-term floor. Aave was also in the green, as it remained close to a five-week peak.Monero (XMR)
Despite cryptocurrency markets mostly trading lower on Wednesday, monero (XMR) was one of the exceptions, as it extended recent gains.
XMR/USD surged to an intraday peak of $148.46 earlier in today's session, which comes less than 24 hours after it was trading at a low of $145.41.
Today's move sees monero in the green for the fourth straight session, resulting in prices hitting their highest point since October 9.
Looking at the chart, hump day's peak came following a breakout of a key resistance point of $147.00.
Another key observation can be seen from the 14-day relative strength index (RSI), which also moved past a ceiling of its own, at 52.75.
As of writing, the index is tracking at 53.88, which is its highest point since September 12.
Aave (AAVE)
Aave (AAVE) continued to trade near a multi-week high in today's session, as the token remained near its recent ceiling.
Following a move to a five-week high of $83.33 on Tuesday, AAVE/USD hit a peak of $83.19 earlier today.
Yesterday's high saw the token marginally break out of a resistance level of $83.30, with bulls attempting to stay close to this point today.
Bullish sentiment remains high, as the 10-day (red), and 25-d...
|  | Monero Coin Climbs 6% In Last 3 Days – Bullish Activities Seen For...
Monero (XMR), an open-source cryptocurrency first focusing on privacy and decentralization, managed to initiate a price pump despite the greater majority of crypto space struggling to get out of the red zone.
Monero managed to bounce back twice from its support range of $134.5
XMR remains “in the green” for its intraday, weekly and monthly price readings
A surge all the way to $171 is possible for Monero if it moves past its current resistance range
The altcoin, for the past few days, has been on a consistent price increase, seeing all-green on its hourly, intraday, weekly and monthly levels.
At press time, according to data from Coingecko, Monero is trading at $146.56, being up by 1.8% over the last 24-hours. On a week-to-date and month-to-date basis, XMR increased by 1.3% and 4.5%, respectively.
But even with the recent price pumps, Monero is still far from its all-time high value of $542.33 that it hit on January 9, 2018.
Still, holders of the crypto should have plenty of reasons to be optimistic over the next days as the asset is leaning towards a bullish momentum.
Monero Price Analysis
XMR, just like the rest of its fellow altcoins, experienced rigid price correction as the crypto market plunged into yet another bearish cycle.
A look at the trading data and chart for Monero shows the cryptocurrency’s fall stopped at $134.5 marker which acted as its support range last month.
Buyers took advantage of the price dump but the struggles of the crypto mark...
|  | Monero Struggles In A Range Ahead Of $200 Rally, Will Price Breakout?
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 relief bounce in recent weeks, which saw the crypto market cap look good for cryptocurrencies across the industry, with many producing double-digit gains. Monero (XRM) showed some relief bounces but was quickly rejected into a range price movement. (Data from Binance)
Monero (XRM) Price Analysis On The Weekly Chart
Weekly XRM Price Chart | Source: XRMUSDT On Tradingview.com
Despite having a tough time in recent months with the price falling to a low of $100 with over 70% drop from an all-time high of $517. This incredible price movement was cut short due to the market condition. The crypto market has remained in a bear market for over six months, leading to many crypto assets retesting their weekly low while others hang on to key support.
After the price of XRM rallied to a high of $260, the price declined as it dropped to a weekly low of $100, where the price held str...
|  | Monero Price Continues Its Bullish Streak, Will This Be Its Next Trading...
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 hold onto its bullish momentum. The support zone for Monero price was between $146 and $136, respectively.
Bitcoin was also up on the charts, which has helped other altcoins make recoveries on their respective charts.
Monero has to move above the $146 price mark. That could only be possible if the demand for XMR continues to increase and remain consistent.
Monero Price Analysis: One Day Chart
Monero was priced at $146 on the one-day chart | Source: XMRUSD on TradingView
XMR was trading at $146 at the time of writing. The coin's immediate resistance level was $154. The coin needs to move past that level for the bullish streak to strengthen on the chart.
The other tough price ceiling for Monero price to break past would be $163. The bulls have been rejected at that level for multiple weeks now.
On the flip side, if Monero prices go through a pullback, the first level for Monero would be $134. A fal...
|  | Biggest Movers: SOL Moves Towards $35.00, XMR Extends Recent Gains
Solana rose for a second straight day on Thursday, as the token moved closer to its long-term resistance point of $35.00. Monero was also in the green during today's session, extending recent gains in the process. Overall, markets attempted to rebound, following a red wave which swept through markets to start the week.Solana (SOL)
Solana (SOL) was mostly higher during Thursday's session, as the token moved towards a key resistance level.
Following a low of $32.79 on Wednesday, SOL/USD rose to an intraday high of $33.92 earlier in the day.
The move saw solana move closer to its ceiling of $35.00, which has mostly held firm for the past fortnight.
As can be seen from the chart, today's climb led to the 10-day (red) moving average nearing a crossover with its 25-day (blue) counterpart.
Despite the prospect of this occurring, prices may remain lower up until the 14-day relative strength index (RSI) breakout out of an upcoming ceiling of its own.
The index, which is currently tracking at 49.22 is nearing a resistance mark of 51.00, which will likely be a major hurdle in preventing SOL from further gains.
Monero (XMR)
Another notable mover in today's session was monero (XMR), which also moved higher for a second consecutive day.
Despite current market volatility, XMR/USD was able to rise on Thursday, hitting a peak of $148.98 in the process.
As a result of today's surge, the token remains close to Monday's top of $152.84, which was a two-week high.
This point was also close to a...
|  | Biggest Movers: DOGE Races to 3-Month High, XMR Hits Strongest Price Sin...
Dogecoin moved to a three-month high on Tuesday, as prices of the token were up by over 15%. Today's move comes despite crypto markets mainly falling, with the global market cap 0.21% lower as of writing. Monero was also up, hitting a multi-month high in the process. Dogecoin (DOGE)
Less than 24 hours after shiba inu neared a fresh three-month high, its fellow meme coin dogecoin (DOGE), also hit a twelve-week peak.
The token surged to an intraday peak of $0.08848 in today's session, which comes after yesterday's low of $0.07571.
This is the highest level DOGE/USD has hit since May 18, and comes following a breakout of a key resistance point.
Looking at the chart, this ceiling is the $0.0753 point, which was last broken on July 20, after a false breakout.
As a result of this, the relative strength index (RSI) is now tracking at 72.20, which is its strongest reading since April.
Ultimately, bulls seem to be attempting to recapture the $0.1000 level, which was last hit on May 11.
In order to move closer to this, price strength will need to break out of its current ceiling of 73.
Monero (XMR)
In addition to DOGE, monero (XMR) was another big mover in today's session, with it climbing to its highest point in over two months.
XMR/USD rallied to a high of $174.11 earlier in today's session, as bulls moved past a resistance level of $168.20.
Today's peak sees XMR hit its highest level since June 11, and comes as the RSI bounced from its recent support point.
Looking at the chart, ...
|  | Monero (XMR) Climbs Over 7% Before Weekend Hard Fork
Monero (XMR) price has surged by as much as 7% in a matter of 24 hours before network upgrade or hard fork on August 13.
XMR climbs by over 7% overnight before the weekend hard fork. Binance recently announced support for Monero’s hard fork or network upgrade. Crypto targets $200; then $217 next.
Historically, upgrades have always triggered a boost in XMR price.
The altcoin is seen to have soared by 65% since midway of June which signals a robust price movement. With consistent and continuous recovery of the crypto market, XMR price might even shoot above $200.
According to CoinMarketCap, XMR has soared by 1.28% or trading at $167.70 as of this writing.
The Monero Hard Fork
With this upgrade rescheduled a lot of times, everyone is excited that it’s finally here. Monero is set to perform a hard fork to boost network performance, speed, wallet syncing capability, privacy, security, and decrease volatility in prices.
Monero announced in a tweet that the network upgrade via a hard fork will transpire at block 2,688,888 on August 13. More so, the privacy protocol has also officially rolled out Ledger Monero App v1.8.0 as well as the CLI & GUI v0.18.1.0 “Fluorine Fermi.”
It is highly important for exchanges, merchants, services, and users to run the v0.18 prior to the launch of the network upgrade and also to ensure uninterrupted use of XMR blockchain.
The ring size of the crypto has also enlarged from 11 to 16 which aim to boost the privacy of tran...
|  | Monero Executes Hard Fork To Improve Security and Privacy Features
Monero, one of the most important privacy protocols in the ecosystem, executed a protocol update on August 13 to improve several privacy and security features offered by the network.
The hard fork was successfully performed on block 2,688,888, thanks to a collective effort of more than 70 developers, after almost 4 months since it was announced.
Monero Comes Stronger With Extensive Protocol Enhancements
The hard fork brought several fixes to the internal multi-signature mechanism to facilitate the exchange of information such as key sets and data synchronization between wallets, as explained on their website.
'Multisig means that a transaction needs multiple signatures before it can be submitted to the Monero network and executed. Instead of one Monero wallet creating, signing, and submitting transactions all on its own, you will have a whole group of wallets and collaboration between them to transact.'
In addition, the number of cosigners required to approve ring signatures was increased from 11 to 16. Ring signatures ensure that it is impossible to trace the origin of transactions on the network. One feature that has made Monero the most popular cryptocurrency among privacy enthusiasts.
In terms of security, the bulletproof algorithm was upgraded to bulletproof+, a zero-knowledge proof algorithm implemented in 2018 to reinforce the network's privacy, hiding the exact amounts of transactions and only showing the origin and destination of the transactions.
Another significant...
|  | Monero Faces Pressure In Keeping Upward Pace – Will XMR Overcome R...
Monero has its hands full trying to keep its momentum and rally forward. But, it must first overcome obstacles. As do other tokens.
The token is trying to keep up with the upward tilt. Remarkably, XMR price is trying hard to recover and keep up with the pace but it seems XMR is doing a great job as it’s currently on the green and winging it.
The daily price chart shows that XMR price is trying to soar upwards. Monero is gaining strides as it shoots up close to the top trendline of the channel. In order for XMR to rebound or go through the target resistance, the coin must maintain its current pace in terms of price.
Monero (XMR) Price Surges 4.33%
For XMR to shoot hoops at a bullish pace and breach the ascending parallel channel, the XMR bulls must push through its upward movement. However, it seems the bears are attempting to weaken the XMR market.
With a frail market, it is challenging for XMR and other cryptocurrencies to recover. XMR investors must hold it off until such time that the bulls can maneuver and maintain the current position found at the top trendline of the ascending parallel channel.
According to CoinMarketCap, Monero price is currently trading at $167.68 or showing off an increase of 4.33%. Trading volume was seen to drop by 6.88% as depicted in the intraday trading session. As of press time, bears try to drag the token towards the lower trendline of the ascending channel.
Bulls’ Accumulation Pivotal For XMR Price Rally
It would need more buyer...
|  | Biggest Movers: HNT Nears 1-Week High, as XMR Rebounds on Friday
HNT was moving towards a one-week high on Friday, as it rebounded following losses in yesterday's session. Prices have now risen for two of the last three days, and this comes as XMR climbed for the first time in nearly two weeks.
Helium (HNT)
HNT was trading higher today, as bulls re-entered the market following a red wave that hit prices during Thursday's session.
Following a low of $9.97 during yesterday's session, HNT/USD raced to an intraday peak of $11.42 earlier in the day.
The move sees HNT move back above its resistance level of $10, and it now looks to be heading for a seven-day peak at $11.90.
As of writing, helium is currently trading around $11.16, as earlier bulls have vacated their position, instead choosing to secure gains.
Despite this, the current short-term momentum remains bullish, leading the 14-day RSI away from oversold levels.
Currently the Relative Strength Index is trading at 55.31, which is marginally below a ceiling of 58.10, which seems to be the next target for bulls.
Monero (XMR)
June has been far from kind to XMR traders, with the token in the red for the majority of the month so far.
XMR/USD rose to an intraday high of $116.16 earlier on Friday, which comes less than 24-hours after prices were trading at $104.82.
This move follows a streak that saw monero move to lower lows for a period of two weeks.
As a result of these declines, XMR fell to its lowest point since September 2020 earlier in the week, however following today's surge, we are ...
|  | South Africa Charges Former Monero Lead Developer With 378 Counts of Fra...
Former Monero lead maintainer, Riccardo Spagni, faces over 370 counts of fraud, forgery, and uttering. The charges against the developer stem from fraudulent activities he allegedly committed when he was still employed by Cape Cookies. Fluffypony Pleads Not Guilty
The so-called crypto mogul and former Monero lead developer, Riccardo Spagni, has been charged with 378 counts of fraud by the South African government, a report has said. The charges follow allegations that Spagni defrauded his former employer of more than $93,500 (R1,453,561). The crimes are alleged to have taken place between October 2009 and June 2011.
As previously reported by Bitcoin.com News, Spagni was arrested in Tennessee by U.S. law enforcement. The lead maintainer's arrest stems from a warrant that was issued by a South African court when Spagni, who is also known as 'Fluffypony,' failed to make a routine court appearance.
Spagni, who has since pleaded not guilty to the charges, is accused of cheating his former South African employer, Cape Cookies, by inflating the amount of money that was due to the supplier. According to one report, the former Monero lead maintainer would then ensure that the funds would be transferred to a bank account that he controlled. Once the payment was made, Spagni would then transfer the actual amount that was due to the supplier and retain the balance.
Spagni Waives Right to Extradition Hearing
As per court documents filed in May 2022, the former developer is now facing 126...
|  | Biggest Movers: XMR Hits 2-Week High, LRC Climbs for Fifth Straight Day
Following a bearish start to the day, XMR climbed to a two-week high during today's trading session. Gains in monero come as LRC also saw its price move higher, rising for a fifth consecutive day, as it approaches a multi-week high of its own.
Monero (XMR)
Monero extended a recent bullish streak during today's session, with prices rising to a two-week high as a result of strong gains.
XMR/USD hit an intraday peak of $204.69 earlier in the day, which is over $10 higher than yesterday's low.
Today's rally comes as prices have now risen for six out of seven sessions, with today's the highest XMR has hit since May 9.
On May 12, prices declined to a bottom of $112.98, which was a fifteen-month low, however since then, we have seen significant rebounds.
This resurgence in price is encapsulated by the ascending triangle currently shown on the chart, however prices now look to have landed at a resistance level.
Resistance at $205 has so far held firm, with the RSI tracking at its own ceiling of 55.
Should we see a breakout from this ceiling of 55, then bulls will likely target take profits at $230.
Loopring (LRC)
LRC made a run for its long-term resistance level on Wednesday, as prices rose for a fifth day on the bounce.
Today's run saw LRC/USD rise to an intraday high of $0.60, which is over 10% higher than yesterday's low of $0.5207.
As a result of Wednesday's surge, LRC is now marginally below its long-term resistance level at $0.6210.
To start the week, loopring broke past th...
|  | Biggest Movers: XMR and SOL Higher on Monday
Despite BTC and ETH trading lower on Monday, several cryptocurrencies managed to move higher to start the week. XMR was one of the biggest climbers, with solana also moving higher during the session.
Monero (XMR)
XMR was one of Monday's biggest gainers, as prices rose by almost $20 from lows during Sunday's session.
Following a low of $128.00 on Sunday, XMR/USD rallied to an intraday high of $174.62 to start the trading week.
Monday's top came as prices surged for four consecutive sessions, hitting a near one-week high in the process.
Since these highs earlier in the day, XMR is now trading marginally below a ceiling of $173.00, as bullish strength faded as the day progressed.
The 14-day RSI is now trading at a resistance level of its own, which is below 43.14, and should it break, we could see XMR break resistance for the first time since March.
Should this happen, prices could move closer to the $200 region. A point which monero last hit only eight days ago.
Solana (SOL)
Following three consecutive sessions of gains, SOL was also higher to start the week, however prices declined as the day progressed.
On Sunday, SOL/USD finished the day trading at $53, and went on to hit a peak of $58.88 during the early part of Monday's session.
Since then, prices have slipped, and as of writing SOL is currently trading at a level of $52.32, which is close to a one-week low.
Overall, SOL has dropped by over $100 since the beginning of April, with prices dropping below $35 last Thursda...
|  | Biggest Movers: LUNA Loses 50% of Its Value, While XMR and AXS Declines ...
LUNA was down by over 50% in today's session as markets continued to react to UST losing its parity with USD. As such traders lost faith in the stablecoin founded by Do Kwon, which dropped to its lowest point since September. Whilst LUNA stole the headlines, XMR and AXS also saw recent losses extended.
Terra (LUNA)
LUNA fell by over 50% during today's trading session, as markets reacted to stablecoin UST losing its parity with the U.S. Dollar.
After trading at a peak of $57.44 to start the week, LUNA/USD dropped to a low of $24.14 earlier in the day.
This drop in price is the biggest one-day move since LUNA's inception, and pushed the price to its lowest point since last September.
The move came following five consecutive sessions of declines, with the most recent pushing price below support at $50.00.
Looking at the chart, the 14-day RSI is reading off the charts and is currently tracking at 20.46, which is the weakest level it recorded in the history of LUNA.
Do Kwon has since tweeted, 'Close to announcing a recovery plan for $UST. Hang tight', we will now wait to see how markets digest any potential plans and or safeguards.
Axie Infinity (AXS)
There were several crypto tokens all trading more than 10% lower today, however one which stuck out more than others was AXS.
The token, which acts as the currency for the blockchain-based trading game Axie Infinity, fell by over 15% on Tuesday.
As a result of recent bearish pressure, AXS/USD hit an intraday low of $23.92, followi...
|  | Biggest Movers: NEAR Hits 1-Month Low, XMR Down 12%
NEAR saw recent losses extend on Wednesday, as it fell to a one-month low during today's session. The decline in NEAR came as XMR also traded in the red, falling to a multi-week low in the process.
NEAR Protocol (NEAR)
NEAR was one of the biggest tokens to fall on hump-day, as prices fell to a one-month low earlier in today's session.
Following a peak of $15.18 on Tuesday, NEAR/USD slipped to an intraday bottom of $12.50 on Wednesday.
The drop saw NEAR fall to its lowest level since March 27, and keeps prices close to recent support of $12.45.
Since hitting this floor, there has been somewhat of a rebound, with the price now trading at $12.84, which is still nearly 7% lower than yesterday's high.
This comes as bulls have historically used this floor as an entry point, with a few rallies occurring at this level in the past.
Aside from this, the 14-day RSI is now hovering around a two-month low, which could be another reason for some to remain optimistic about potential rebound.
Monero (XMR)
XMR was down by over 12% in today's session, however as the day matured, losses somewhat eased from earlier lows.
As of writing, XMR/USD is trading at $225.58, which follows on from today's intraday bottom of $224.32.
Overall, monero has been trading lower for the past six sessions, with today's low coming less than 24 hours after a top of $243.88.
This latest decline pushed prices below the long-term support level of $229.00, taking XMR to a two-week low in the process.
While prices a...
| | Monero Soars 50% As Crypto Market Weakens, What's Behind the Rally...
Popular privacy coin Monero (XMR) has been on a rally since the start of 2022. At the time of writing, XMR trades at $285 with a 6% profit in 24 hours, a 34% and 50% profit in the last two weeks and 30-days, respectively.
XMR on an upward trend on the 4-hour chart. Source: XMRUSDT Tradingview
As announced by one of Monero’s maintainers via a post, the network will undergo an upgrade on July 16th, 2022, at the height of block 2.6 million. The “Fluorine Fermi” update will introduce new features to the network.
As the developer stated, Monero will increase its ring size from 11 to 16. The ring size is a term to refer to the total number of signers in an XMR transaction. As part of this network's unique model, the update will provide users with more base privacy.
In addition, the network will implement an upgraded version of its Bulletproofs algorithm to decrease its transaction size by around 7%. This change is supposed to improve the network’s scalability by making “every transaction lighter and faster”.
On the latter, the network will reduce the wallet’s sync time by around 30 to 40%, the post said, and will implement a change to Monero’s fee model. Thus, users can expect to see an uptick in the network’s “security and resilience”.
As the update will be deployed via a Hard Fork, users and node operators will need to update their software. The maintainer made the following request to the users:
A new release wil...
|  | Biggest Movers: XMR Climbs to 6-Month High, TRX up 17% Following News of...
TRX was up by over 17% on Thursday, as founder H.E. Justin Sun announced that a new stablecoin, USDD, was going to be launched on the TRON blockchain. XMR was another big mover today, climbing to its highest point since November.
TRON (TRX)
TRX surged today, as founder H.E. Justin Sun of TRON confirmed that a new stablecoin will be launched on the blockchain.
In a tweet, Sun stated that, 'TRON DAO joined hands with major blockchain players to launch USDD (Decentralized USD), the most decentralized stablecoin in human history.'
Do Kwon of Terra also welcomed the announcement, with TRX/USD rising to an intraday high of $0.07405 on the news.
As of writing, TRX is up 16.54% in today's session, climbing to its highest point since April 2 as a result.
Today's high sees prices near the long-term ceiling of $0.07500, which hasn't been broken since March 31, where the move matured to being a false break.
Overall, the ceiling has held firm for most of the year thus far, however with the momentum of the moving averages now ascending, we could soon see an eventual move past this point.
One potential obstacle will be that of the 14-day RSI, which is now tracking at an eighteen-day high of 66.82, which is marginally below resistance of 68.
Monero (XMR)
XMR was up by as much as 8% in today's session, as prices rallied to a multi-month high, following a second day of gains.
After trading at a low of $253.56 on Wednesday, XMR/USD surged to a peak of $277.14 earlier on today.
Today's move...
|  | Privacy-Centric Monero Plans for July Hard Fork, Plans Include Ring Sign...
According to a recent update on Monero's Github repository, the privacy-centric crypto network plans to hard fork in July, at block height 2,668,888. Monero is the largest privacy crypto asset in terms of market capitalization and during the last seven days, monero climbed 13.4% against the U.S. dollar.Monero Aims to Upgrade in July
The development team behind the Monero (XMR) project has plans to upgrade the blockchain at some point in July, according to the Github-hosted version 15 'Network Upgrade Checklist #690.' Monero is an open-source distributed ledger with built-in privacy, as it obfuscates transactions by leveraging various techniques.
The Monero network uses privacy techniques such as ring signatures, a cryptographic method, and zero-knowledge (ZK) proof called 'Bulletproofs,' stealth addresses, and it also utilizes an IP-obscuring scheme via the Dandelion++ protocol.
Monero (XMR) is the largest privacy-centric crypto asset by market capitalization, which is $4.62 billion at the time of writing. The hard fork in July is the 15th software version as the blockchain has experienced a great number of upgrades since the network's inception in 2014.
One of the main goals behind many of XMR's hard forks is to protect the network from application-specific integrated circuit (ASIC) miners. Four years ago, a hard fork caused the privacy-centric network to split into four different protocols. Moreover, in mid-February XMR supporters were begging monero miners to boycott a min...
|  | Weekend Watch: Bitcoin Maintains $42K, Monero at 3-Month High After 8% S...
After falling to its January 2021 all-time high of around $42,000, bitcoin has maintained that level following a relatively still trading day. The altcoins are also untypically calm today, with Monero being among the few exceptions and XMR tapping a three-month high.
Bitcoin Remains Above $42K
It's safe to say that the primary cryptocurrency has seen better days as it attempted to jump above $47,000 earlier this week. However, it failed on both occasions when the bears returned to the scene and pushed the asset south.
As reported over the week, BTC first dropped to $45,000 before another nosedive took it down to $43,000. After bouncing off and adding a grand, bitcoin started plummeting again yesterday and fell to a 17-day low of just over $42,000.
Since then, the cryptocurrency has regained some traction and neared $43,000 hours ago. It has failed to breach that line yet and now stands a few hundred dollars lower.
Nevertheless, its market capitalization remains above the coveted $800 billion level.
BTCUSD. Source: TradingView
XMR Leads the Way
The altcoins suffered just as badly as bitcoin yesterday, but most have calmed today with minor gains. Ethereum dropped by $300 in days to $3,200 but has remained above that line following a slight increase.
Binance Coin, Ripple, Solana, Terra, Cardano, and Polkadot are also slightly in the green. Dogecoin and Shiba Inu - the two largest memecoins by market cap - have jumped by more than 3% in a day to $0.15 and $0.000025, respectively....
|  | Biggest Movers: XMR Climbs to 4-Month High, NEAR Drops 10% Following Rec...
Following a gain of over 25% on Friday, NEAR dropped by over 10% to start the weekend, while XMR rose to a four-month high. The move in NEAR comes as traders look to be taking profits from recent highs, and as market uncertainty remains high.
Near Protocol (NEAR)
After being Friday's biggest gainer, climbing by over 25%, NEAR was trading lower to start the weekend.
NEAR/USD fell to an intraday low of $16.39 during today's session, as bullish sentiment in the world's nineteenth-largest cryptocurrency began to fade.
This drop follows on from a top of $19.45 less than 24 hours ago, which came after speculation grew that Near Protocol would create a stablecoin that would rival the likes of Terra's UST.
Looking at the chart, yesterday's peak was close to resistance of $20, and traders likely dumped NEAR as price uncertainty emerged at that level .
Today's selloff has now sent prices below short-term support at $17.50, with some bears likely targeting the lower support of $15 in the next few sessions.
Price strength is still relatively overbought, and is currently tracking at 62.30, which could be yet another signal to bears looking to enter the market.
Monero (XMR)
Despite crypto markets falling by over 2% during today's session, XMR was one of the few to trade in the green.
Following a low of $215.28 during Friday's session, XMR/USD rose to an intraday high of $237.81 on Saturday.
This rebound in price came after prices failed to break out of the $212 support, with bulls see...
|  | Privacy Crypto Assets XMR, ZEC See Double-Digit Gains Amid Tightened Glo...
Over the last week, the United States and president Joe Biden's administration tightened sanctions against Russia a great deal. The U.S. banned Russian energy imports, a number of other types of imported goods, and a series of harsh financial sanctions against Russia. In the midst of a restricted global economy, the top two privacy-centric crypto assets monero and zcash saw a significant increase in value last week. Top 2 Privacy Coins Surge While Sanctions Against Russia Continue
As economic sanctions continue to restrict the world's trade further, privacy coins may be reaping the benefit from a tighter financial world. On March 8, the top two privacy-centric cryptocurrencies monero (XMR) and zcash (ZEC) jumped 20% in value. The crypto community quickly took notice of the action and discussed the subject on social media platforms. That day, XMR jumped over 20%, ZEC lifted in value by 26% and other privacy-focused crypto assets like SCRT and ZEN jumped higher.
I really think Privacy coins are due a pump in 2022. All this Russia stuff will also push it further on. A coin that can store value privately will be very valuable in uncertain times.
- Kamal (@eth_kamal) March 12, 2022
Five days later and during the last 24 hours, the market capitalization of all the privacy coins in existence is up 1.4% to $10 billion. Seven-day statistics five days after XMR's and ZEC's initial pump last week shows both coins still hold double-digit weekly gains. Monero is still up 11.1% and ZEC h...
|  | Monero And Zcash Take Off With 15% Gains, Here's What May Have Spu...
Privacy coins, Zcash (ZEC) and Monero (XMR), have been outperforming larger cryptocurrencies in the last 24 hours. The sudden surge on the price of these cryptocurrencies seems to be responding to recent developments around the Russia-Ukraine conflict, and the signed of an executive order from the U.S. These cryptocurrencies have been following the general sentiment in the crypto market flipping towards a more positive stands as Bitcoin breaks above $41,000.
FTX's Privacy Index with moderate gains on the daily chart. Source: Tradingview
Zcash And Monero React To A FED Coin
As mentioned, the U.S. President Joe Biden has signed an executive order which has surprise for its positive approach to cryptocurrencies and digital assets. As the war between Russia and Ukraine ranges on, the International Community has quickly imposed financial sanctions of Putin, the Russian elite, and its banking system.
As Coin Center’s Executive Director Jerry Brito said, mainstream media have been pushing a negative narrative around cryptocurrencies. Classifying them as “dangerous”, and with the potential to allow Russia to evade sanctions. Fortunately, some U.S. government officials have also look at the other side of the coin.
The core message in this executive order, as Brito said, is a serious acknowledgment from the U.S. Federal Government of cryptocurrencies as legitimate assets. The crypto market seems to have gotten used to negative or nothing messages from the U.S., thus,...
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