Cryptocurrency

Bitcoin

Monero

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 <p class="paragraph">Monero (XMR) is the leading <a rel="noopener noreferrer nofollow" title="privacy" href="https://thebittimes.com/tag/privacy.html">privacy</a>-focused cryptocurrency, ranked 29th among the most valuable cryptocurrencies. Currently, XMR is trading at $163.8, with a $3 billion market capitalization.</p>
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 <p class="paragraph">However, Monero now faces the threat of losing most of its liquidity due to a regulatory crackdown against monetary privacy. The coin has been delisted from local exchanges in specific countries for a while, but the issue has suddenly become global.</p>
 <p class="paragraph">On December 27, rumors started circulating about Binance delisting monero in January. On December 29, The Block reported that OKX will delist XMR and other privacy coins in the first week of 2024.</p>
 <p class="paragraph">Notably, Binance alone has approximately 25% of Monero’s entire volume, while OKX has around 2% in multiple pairs. Losing this much liquidity can be a tough hit for XMR, which might affect its availability in other markets that are also directly or indirectly dependent on the infrastructure of both <a rel="noopener noreferrer nofollow" title="exchanges" href="https://thebittimes.com/tag/exchanges.html">exchanges</a>.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="855" src="https://cdn.thebittimes.com/images/2023/12/30/4994aad73b9ae77d7dfdb7a21bbae3bc.webp" alt class="wp-image-146409" srcset="https://cdn.thebittimes.com/images/2023/12/30/4994aad73b9ae77d7dfdb7a21bbae3bc.webp 1024w, https://cdn.thebittimes.com/images/2023/12/30/4994aad73b9ae77d7dfdb7a21bbae3bc.webp 300w, https://cdn.thebittimes.com/images/2023/12/30/4994aad73b9ae77d7dfdb7a21bbae3bc.webp 768w, https://cdn.thebittimes.com/images/2023/12/30/4994aad73b9ae77d7dfdb7a21bbae3bc.webp 1174w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Monero markets. Source: <em>CoinMarketCap</em>
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 <h2 class="wp-block-heading" id="h-monero-xmr-price-analysis">Monero (XMR) price analysis</h2>
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 <p class="paragraph">Therefore, XMR lost more than 6% of its <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> in the last 48 hours following the rumors and, later, the news. Monero suffered a tougher hit despite the whole market crashing, losing its 26th position by market cap.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="661" src="https://cdn.thebittimes.com/images/2023/12/30/0c28fe6d99d1b3bb5b2cb3e295d37622.webp" alt class="wp-image-146410" srcset="https://cdn.thebittimes.com/images/2023/12/30/0c28fe6d99d1b3bb5b2cb3e295d37622.webp 1024w, https://cdn.thebittimes.com/images/2023/12/30/0c28fe6d99d1b3bb5b2cb3e295d37622.webp 300w, https://cdn.thebittimes.com/images/2023/12/30/0c28fe6d99d1b3bb5b2cb3e295d37622.webp 768w, https://cdn.thebittimes.com/images/2023/12/30/0c28fe6d99d1b3bb5b2cb3e295d37622.webp 1536w, https://cdn.thebittimes.com/images/2023/12/30/0c28fe6d99d1b3bb5b2cb3e295d37622.webp 1875w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Monero (XMR) daily price chart. Source: <em>TradingView</em>
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 <p class="paragraph">Interestingly, the leading native-<a rel="noopener noreferrer nofollow" title="privacy" href="https://thebittimes.com/tag/privacy.html">privacy</a> cryptocurrency has been trending upward since August 2023. Nevertheless, the real economic effects of worldwide delistings from major markets are yet to be discovered.</p>
 <p class="paragraph">At this moment, investors must remain cautious and properly evaluate the consequences of such a regulatory capture on <a rel="noopener noreferrer nofollow" title="privacy" href="https://thebittimes.com/tag/privacy.html">privacy</a>. Decentralized alternatives and markets are already surging to supply Monero’s liquidity, although still mostly embryonic.</p>
 <p class="paragraph">All things considered, XMR could possibly face liquidity issues in the following weeks as the market adapts to the changes. Further, proving its resilience in such an adversary scenario can propel Monero’s adoption and investors’ trust moving forward.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/monero-xmr-price-prediction-as-privacy-coins-might-get-banned-from-exchanges-tbt75184.html">https://thebittimes.com/monero-xmr-price-prediction-as-privacy-coins-might-get-banned-from-exchanges-tbt75184.html</a></p>

Monero (XMR) price prediction as privacy coins might get banned from exchanges

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