Decentraland

Monero

Green

Revolution

<p>The Monero price dipped 29% on Tuesday and is down 11% in the last 24 hours to trade for $126.40 as of 4:10 a.m. EST time.</p>
<p>Trading volume is up almost 280% amid increased selling activity on the network. It comes following an announcement that Binance exchange will delist XMR token on February 20, citing non-compliance with its listing criteria.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> will delist the following tokens on February 20, 2024.</p>
 <p>🔸 <a href="https://twitter.com/search?q=%24ANT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ANT</a><br>🔸 <a href="https://twitter.com/search?q=%24MULTI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$MULTI</a><br>🔸 <a href="https://twitter.com/search?q=%24VAI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$VAI</a><br>🔸 <a href="https://twitter.com/search?q=%24XMR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XMR</a></p>
 <p>Full details here ⬇️<a href="https://t.co/3YRKqYrb7T" rel="noopener noreferrer nofollow">https://t.co/3YRKqYrb7T</a></p>
 <p>— Binance (@binance) <a href="https://twitter.com/binance/status/1754764386831347865?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 6, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Some traders say this will see the Monero price bottom, similar to what happened when the largest exchange by trading volume delisted Helium (HNT).</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Last time Binance delisted <a href="https://twitter.com/search?q=%24HT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$HT</a> , Helium- that was the bottom <a href="https://twitter.com/search?q=%24XMR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XMR</a> likely bottom near</p>
 <p>But careful, govt hates it bcoz how good it is as a private crypto</p>
 <p>— Cloud9 Markets (@cloud9markets) <a href="https://twitter.com/cloud9markets/status/1754985084858610047?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 6, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>XMR powers the Monero ecosystem, a project established to allow transactions to take place privately and with anonymity. The delisting centers around the privacy issue, with Binance citing non-compliance with its listing criteria. Alongside XMR, three other cryptocurrencies will also be taken down by the exchange. These are Aragon (ANT), Multichain (MULTI), and Vai (VAI).</p>
<p>To some, the move is bullish as investors will be drawn to the network’s commitment to privacy.&nbsp; “A stand like this will cement Monero in a top 5 spot long term,” said one comment on X.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24XMR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XMR</a> refused to be cucked to stay on cucked CEXs. XMR is leaving binance because it won't concede on privacy. This is very bullish, a stand like this will cement Monero in a top 5 spot long term, eventually #1. <br>One of the only coins that is actually used like money. Very active.</p>
 <p>— Goku (@xmrGoku) <a href="https://twitter.com/xmrGoku/status/1755096048199205307?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 7, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Another account on X, presented as a Decentraland (MANA) ambassador and DAO squad member, says this is bullish for the Monero price as its shakes off speculators who are simply holding the asset rather than using it as a currency. In his opinion, chaffing out speculators will leave the network with true cypherpunks and draw in those looking for privacy.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24XMR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XMR</a> is officially to be delisted by Binance on 20 Feb. The announcement has made people sell off XMR causing a dip to the price.</p>
 <p>This is bullish! Why?</p>
 <p>Because this is where you get rid of speculators who are simply holding the asset rather than using it as a currency.</p>
 <p>True…</p>
 <p>— MetaRyuk (@metaryuk) <a href="https://twitter.com/metaryuk/status/1754801968827302225?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 6, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>With this level of confidence, the Monero price is already nurturing a recovery rally after finding inflection around the $100.40 range low.</p>
<h2 id="monero-price-outlook">Monero Price Outlook</h2>
<p>The Monero price has taken back some of the ground lost during the Tuesday session. It faces resistance due to the 38.2% Fibonacci level of $131.20 after. Based on the Relative Strength Index (RSI) outlook, XMR is recovering from a state of being oversold as the momentum indicator broke below 30. Its current position below 50 points to a weak price strength, which means the uptrend remains hopium for now.</p>
<p>This bearish outlook is corroborated by the bearish signals on both the Awesome Oscillator (AO) and the Moving Average Convergence Divergence (MACD). Their histogram bars are flashing red, while still in negative territory.</p>
<p>Although the uptick of the RSI points to rising momentum, investors should not hold their breath. This is especially because of the current choppy altcoin market as traders wait for the Bitcoin (<a href="https://insidebitcoins.com/news/bitcoin-price-prediction-top-trader-foresees-btc-halving-plunge-to-30k-before-new-ath-in-4q-but-experts-say-this-cloud-mining-presale-might-10x" target="_blank" rel="noopener noreferrer nofollow">BTC</a>) price to display a directional bias.</p>
<p><a href="https://insidebitcoins.com/wp-content/uploads/2024/02/XMRUSDT_2024-02-07_11-58-53.png" rel="noopener noreferrer nofollow"><img decoding="async" class="aligncenter wp-image-478725 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/02/XMRUSDT_2024-02-07_11-58-53.png" alt="Monero" width="1273" height="544" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/XMRUSDT_2024-02-07_11-58-53.png 1273w, https://insidebitcoins.com/wp-content/uploads/2024/02/XMRUSDT_2024-02-07_11-58-53-300x128.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/XMRUSDT_2024-02-07_11-58-53-1024x438.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/XMRUSDT_2024-02-07_11-58-53-768x328.png 768w" sizes="(max-width: 1273px) 100vw, 1273px"></a></p>
<p><a href="https://www.tradingview.com/x/5af11juB/" target="_blank" rel="noopener noreferrer nofollow">TradingView: XMR/USDT 1-day chart</a></p>
<h4><strong>Converse Case</strong></h4>
<p>However, if the bulls show resolve, increasing their buying pressure, the Monero price could push north, reclaiming the support offered by the 38.2% Fibonacci level at $131.20. An extended climb could see the XMR price breach the most important Fibonacci level, 61.8% at $150.20.</p>
<p>In a highly bullish case, the gains could see the altcoin breach 70.5% Fibonacci level at $157.20. For the bearish outlook to be invalidated, the altcoins market value must record a higher high above the $180.70 level.</p>
<p>With the Monero price pushing to reclaim the ground lost after the 29% crash, consider the TUK token, which powers the eTukTuk ecosystem. Analysts say the ICO eTukTuk&nbsp;<a href="https://www.linkedin.com/pulse/best-crypto-icos-2024-top-picks-big-returns-juliana-clarisse-calsona-zcxqe" target="_blank" rel="noopener noreferrer nofollow">has big potential in 2024</a>.</p>
<p><iframe title="eTukTuk: Why I Am BULLISH On TUK" width="640" height="360" src="https://www.youtube.com/embed/mjFEBkZDZ40?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p>
<h2 id="promising-alternative-to-monero">Promising Alternative To Monero</h2>
<p>Standing among experts’ top choices for the <a href="https://www.linkedin.com/pulse/best-penny-crypto-investments-top-picks-explosive-growth-calsona-j8nhe" target="_blank" rel="noopener noreferrer nofollow">best penny cryptos</a> this year, <a href="https://insidebitcoins.com/visit/etuktuk" target="_blank" rel="noopener noreferrer nofollow">eTukTuk</a> is a groundbreaking cryptocurrency project committed to helping TukTuk drivers use less energy. The initiative focuses on emerging economies in South Asia and Africa, beginning with Sri Lanka.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">"eTukTuk is one of the most creatively revolutionary projects to enter the EV sector in a long while. Although there are many EV projects, few align with the reality of people living in developing economies." – <a href="https://twitter.com/CoinGapeMedia?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@CoinGapeMedia</a></p>
 <p>Read more here:<a href="https://t.co/ZfqdSLkbG7" rel="noopener noreferrer nofollow">https://t.co/ZfqdSLkbG7</a></p>
 <p>— eTukTuk (@eTukTukio) <a href="https://twitter.com/eTukTukio/status/1754829793693168063?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 6, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>The project boasts a strong use case, meeting users where blockchain tech and sustainability intersect with a clear vision. The team is committed to creating a carbon-fighting environment and does so by integrating blockchain and AI technologies. Additionally, the project promotes green transportation in a bid to accelerate the global transition to electric car usage.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Our way to <a href="https://twitter.com/hashtag/ActOnClimate?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ActOnClimate</a> is to provide sustainable transport solutions 💪 <a href="https://t.co/nbGNWgPA4x" rel="noopener noreferrer nofollow">https://t.co/nbGNWgPA4x</a></p>
 <p>— eTukTuk (@eTukTukio) <a href="https://twitter.com/eTukTukio/status/1754417838578909435?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 5, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Take advantage of eTukTuk’s staking mechanism, with the initiative offering stakers 267% annual percentage yields (APY).&nbsp;Users will get 4.75 $TUK for each BSC block in $TUK Token incentives.</p>
<p><a href="https://insidebitcoins.com/wp-content/uploads/2024/02/Screenshot-07_02_2024-13_46_04.png" rel="noopener noreferrer nofollow"><img decoding="async" class="aligncenter wp-image-478727 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/02/Screenshot-07_02_2024-13_46_04.png" alt="eTUKTUK" width="1340" height="548" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/Screenshot-07_02_2024-13_46_04.png 1340w, https://insidebitcoins.com/wp-content/uploads/2024/02/Screenshot-07_02_2024-13_46_04-300x123.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/Screenshot-07_02_2024-13_46_04-1024x419.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/Screenshot-07_02_2024-13_46_04-768x314.png 768w" sizes="(max-width: 1340px) 100vw, 1340px"></a></p>
<p>Your part of the staking pool and yearly returns percentage determine your 3-year rewards. Early stakers have an edge over late bloomers since the APY decreases with time.</p>
<p>Buy TUK tokens on the website for $0.02625, a price that will increase in a little over six days. Join the green $TUK token presale to join the eTukTuk sustainable transportation revolution. So far, upwards of $825k has been raised out of a target objective of $844,058.</p>
<p><iframe title="eTukTuk Presale Update - Buy The TukTuk AI Project Here" width="640" height="360" src="https://www.youtube.com/embed/DDU_5iXPzkA?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p>
<p><a href="https://insidebitcoins.com/visit/etuktuk" rel="noopener noreferrer nofollow">Visit and buy eTukTuk here</a>.</p>
<h3 id="also-read">Also Read:</h3>
<ul>
 <li><a href="https://insidebitcoins.com/news/green-ai-revolution-in-web3-heres-how-you-can-seize-the-100x-opportunity-with-etuktuk" rel="noopener noreferrer nofollow">Green AI Revolution in Web3 – Here’s How You Can Seize the 100X Opportunity With eTukTuk</a></li>
 <li><a href="https://insidebitcoins.com/news/etuktuk-tuk-storming-into-2024-with-massive-funding-learn-why-here" rel="noopener noreferrer nofollow">eTukTuk (TUK) Storming Into 2024 With Massive Funding, Learn Why Here</a></li>
 <li><a href="https://insidebitcoins.com/news/etuktuk-strives-to-bring-sustainable-transport-to-developing-nations-with-its-innovative-three-wheeler-ev-and-charging-infrastructure" rel="noopener noreferrer nofollow">eTukTuk Strives to Bring Sustainable Transport to Developing Nations With Its Innovative Three-Wheeler EV and Charging Infrastructure</a></li>
</ul>

Monero Price Prediction: Binance Delisting Announcement Causes XMR To Plunge 29% As This Green AI Presale Blasts Past $800K

Table of Contents

Inside Bitcoins

Other articles published on Feb 7, 2024

Ethereum picks up while top Cryptos print red

Coinbase-Backed DeSo SocialFi App Focus Raises $75 Million in One Week

Crypto Market Experiences Significant Trading Volume Decline

MicroStrategy Expands Bitcoin Portfolio with Bold Acquisition

South Korean Bitcoin Exchange Upbit Announced That It Will List This Altcoin! Price Reacted Immed...

Bank of Canada set to slash interest rates in April – But?

Join our free newsletter for daily crypto updates!