Cuprate crowdfunding only up to 14.7/85 XMR｜The development plan isn’t fully completed｜Around 571 I’ll wait first
My stance is to acknowledge transparent development, but not to treat the fundraising page as a short-term bullish catalyst. The Monero official community crowdfunding system’s Boog900 proposal by Boog900 is written very specifically: it plans to spend 540 hours to develop Cuprate—an alternative node that supports Rust—compatible with the FCMP++ required integration. The fundraising target is 85 XMR. When I checked the page, it showed 22 contributors and 14.7 XMR raised, about 17% of the target. These are just the numbers displayed at the moment of my query; they do not mean that 14.7 XMR were suddenly added today, nor that the remaining funds will necessarily be fully raised. The proposal was published in August, and the XMR price fluctuations this morning can’t be forcibly tied to it as cause and effect.
Why is this work worth traders’ attention? For an on-chain privacy upgrade to reliably function, it’s not enough to have core protocol code—you also need different nodes to implement and understand the new transaction, block, and verification rules. The proposal breaks the work into three sets of milestones: tree building, transaction forwarding, transaction & block types, consensus verification, and RPC changes—each corresponding to 28, 28, and 29 XMR respectively. The milestone page’s completion dates are still blank, so you can’t say the three phases have been delivered, and you also can’t write it up as FCMP++ launching on the mainnet today. The previous post I discussed was the Cuprate meeting agenda; this one is looking at independent development funding and delivery thresholds—those are not the same conclusion.
The impact on coin price also needs to be tiered: more implemented code and increased node diversity may reduce the operational risk of any single implementation in the long run. But fundraising progress is not a token buyback and doesn’t automatically create spot buying demand. In particular, XMR liquidity and leveraged positions’ swings may be larger than the marginal effect of engineering information on that day’s valuation. When I checked KuCoin XMRUSDTM, the trade price was about $570.73, with the last 24-hour high/low around $601.76 and $562.09. The latest few 15-minute candles dipped from around 568 to 563.38, then rebounded back to 570.73. It shows there have been short-term repair attempts, but it doesn’t prove that the market is pricing in this August proposal. First watch for consecutive closes above 572 to 575, then look around 580. On the downside, 562 is the day’s low zone. If the rebound occurs without volume and then it falls back below 566 again, my “repair” observation would be invalid.
If this were my own trade, I still wouldn’t participate. I’d only preset a conditional small spot long position, with a maximum position size of 0.6% of total funds. The entry requires two full 15-minute K-lines to close above 575; then on the pullback it must hold 571 to 574, and I need to confirm that the成交量 (trading volume) hasn’t clearly shrunk. If any requirement is missing, I stay flat. First target: reduce half between 580 and 584; then look for 590 to 594 with the remainder. If price breaks below 562 first, I cancel the long plan directly. After the trigger entry, when the 15-minute timeframe returns below 568, I cut the remaining half; if it closes below 561, I fully stop out and close the position. If the project releases any official security-related negative disclosure, I exit immediately as well. Even if I see the fundraising page updated, I still won’t treat it as a buy point confirming an alternative price.
Per-trade risk budget is kept within 0.3% of the account, and I don’t rely on high leverage to amplify the narrative.
Source: Monero official CCS proposals and milestones; Market data: KuCoin XMRUSDTM query timepoint. #XMR
The above is only my personal market observations and does not constitute investment advice.
My stance is to acknowledge transparent development, but not to treat the fundraising page as a short-term bullish catalyst. The Monero official community crowdfunding system’s Boog900 proposal by Boog900 is written very specifically: it plans to spend 540 hours to develop Cuprate—an alternative node that supports Rust—compatible with the FCMP++ required integration. The fundraising target is 85 XMR. When I checked the page, it showed 22 contributors and 14.7 XMR raised, about 17% of the target. These are just the numbers displayed at the moment of my query; they do not mean that 14.7 XMR were suddenly added today, nor that the remaining funds will necessarily be fully raised. The proposal was published in August, and the XMR price fluctuations this morning can’t be forcibly tied to it as cause and effect.
Why is this work worth traders’ attention? For an on-chain privacy upgrade to reliably function, it’s not enough to have core protocol code—you also need different nodes to implement and understand the new transaction, block, and verification rules. The proposal breaks the work into three sets of milestones: tree building, transaction forwarding, transaction & block types, consensus verification, and RPC changes—each corresponding to 28, 28, and 29 XMR respectively. The milestone page’s completion dates are still blank, so you can’t say the three phases have been delivered, and you also can’t write it up as FCMP++ launching on the mainnet today. The previous post I discussed was the Cuprate meeting agenda; this one is looking at independent development funding and delivery thresholds—those are not the same conclusion.
The impact on coin price also needs to be tiered: more implemented code and increased node diversity may reduce the operational risk of any single implementation in the long run. But fundraising progress is not a token buyback and doesn’t automatically create spot buying demand. In particular, XMR liquidity and leveraged positions’ swings may be larger than the marginal effect of engineering information on that day’s valuation. When I checked KuCoin XMRUSDTM, the trade price was about $570.73, with the last 24-hour high/low around $601.76 and $562.09. The latest few 15-minute candles dipped from around 568 to 563.38, then rebounded back to 570.73. It shows there have been short-term repair attempts, but it doesn’t prove that the market is pricing in this August proposal. First watch for consecutive closes above 572 to 575, then look around 580. On the downside, 562 is the day’s low zone. If the rebound occurs without volume and then it falls back below 566 again, my “repair” observation would be invalid.
If this were my own trade, I still wouldn’t participate. I’d only preset a conditional small spot long position, with a maximum position size of 0.6% of total funds. The entry requires two full 15-minute K-lines to close above 575; then on the pullback it must hold 571 to 574, and I need to confirm that the成交量 (trading volume) hasn’t clearly shrunk. If any requirement is missing, I stay flat. First target: reduce half between 580 and 584; then look for 590 to 594 with the remainder. If price breaks below 562 first, I cancel the long plan directly. After the trigger entry, when the 15-minute timeframe returns below 568, I cut the remaining half; if it closes below 561, I fully stop out and close the position. If the project releases any official security-related negative disclosure, I exit immediately as well. Even if I see the fundraising page updated, I still won’t treat it as a buy point confirming an alternative price.
Per-trade risk budget is kept within 0.3% of the account, and I don’t rely on high leverage to amplify the narrative.
Source: Monero official CCS proposals and milestones; Market data: KuCoin XMRUSDTM query timepoint. #XMR
The above is only my personal market observations and does not constitute investment advice.
