Let’s close this trading week with a look at $XMR — the last member of the old “privacy coin trio,” whose story developed very differently from $ZEC and $DASH
While ZEC and DASH spent years in something close to a coma, Monero kept moving higher. Maybe part of the reason is that $XMR was also the coin that got banned and delisted the most.
And from here we enter the territory of assumptions. 👁
Monero has always had a very specific audience — privacy advocates, anonymity maximalists and, let’s say, people who don’t particularly enjoy having someone looking into their transactions.
So when we say “the price was kept in shape,” there’s quite a lot you could read into that — and not everything is something people like discussing openly.
But back to the chart.
🕯 Looking at #XMRUSD , it currently seems to us that as long as price trades below $666, the probability of a fairly deep correction looks higher than the probability of continued growth.
Under what exact “sauce” Monero could theoretically lose up to 2/3 of its market cap, and whether that will happen at all — we have no idea. 🙂
But this is crypto. Sometimes the move happens first, and only then does the market find a nice explanation for it.
And if you also look at which exchanges currently account for the largest spot volumes in XMR, there is at least some food for thought.
💬 Do you think $XMR continues the privacy-coin story, or is a deeper correction coming this time? 🧠 DYOR | This is not financial advice, just thinking out loud ➕ Follow us 📚 for daily crypto insights & updates!
While ZEC and DASH spent years in something close to a coma, Monero kept moving higher. Maybe part of the reason is that $XMR was also the coin that got banned and delisted the most.
And from here we enter the territory of assumptions. 👁
Monero has always had a very specific audience — privacy advocates, anonymity maximalists and, let’s say, people who don’t particularly enjoy having someone looking into their transactions.
So when we say “the price was kept in shape,” there’s quite a lot you could read into that — and not everything is something people like discussing openly.
But back to the chart.
🕯 Looking at #XMRUSD , it currently seems to us that as long as price trades below $666, the probability of a fairly deep correction looks higher than the probability of continued growth.
Under what exact “sauce” Monero could theoretically lose up to 2/3 of its market cap, and whether that will happen at all — we have no idea. 🙂
But this is crypto. Sometimes the move happens first, and only then does the market find a nice explanation for it.
And if you also look at which exchanges currently account for the largest spot volumes in XMR, there is at least some food for thought.
💬 Do you think $XMR continues the privacy-coin story, or is a deeper correction coming this time? 🧠 DYOR | This is not financial advice, just thinking out loud ➕ Follow us 📚 for daily crypto insights & updates!
