Monero’s next move will be determined in the coming days as the battle between the bears and bulls intensifies.
Monero (XMR) has been grappling with bearish pressure. Binance, the world’s largest exchange, announced XMR’s delisting, changing its trajectory and leaving the bears in charge. With Monero at the crossroads between a further dump or a rebound.
Monero (XMR): Dump or Pump?
Monero (XMR) is among the market’s top altcoins, so many were taken aback by Binance’s impending delisting. On February 6, Binance announced it would delist XMR on February 20, along with other cryptocurrencies, sending waves of concern around the crypto landscape.
As one of the top crypto coins, it plays a critical role in the crypto scene, allowing transactions to take place privately and anonymously. Therefore, this new development came as a shock, resulting in some holders dumping their Monero bags.
With FUDs spreading rapidly, we might likely see further dumps. Nevertheless, Monero boasts a dedicated community, and any dip will likely be gobbled up. Hence, the battle between the bulls and bears continues—interesting days ahead.
Conclusion
Monero is at a crossroads, with the battle between the bears and bulls raging on
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