Ethereum

Token

Bitcoin

Monero

Rise

Monero's XMR token has made a strong comeback, reversing its February decline with a significant price increase and a technical formation known as the Golden Cross, signaling potential long-term bullish momentum. 
<h2 id="monero-s-xmr-token-reverses-february-s-decline-with-golden-cross">Monero's XMR Token Reverses February's Decline with Golden Cross</h2> 
Over the past four weeks, XMR has gained 35%, outperforming many of the top cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH). 
<figure id="attachment_145947" aria-describedby="caption-attachment-145947" style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" class="wp-image-145947 size-large" src="https://www.bitcoinsistemi.com/wp-content/uploads/2024/06/xmrusdt-1024x454.png" alt="" width="696" height="309">
 <figcaption id="caption-attachment-145947" class="wp-caption-text">
 XMR 1-Day Chart
 </figcaption>
</figure> 
The price increase comes after a crackdown on botnet mining in many European countries and one of the leading miners, 2Miners, halting its operations. 
Earlier this year, XMR fell sharply, dropping over 35% to $90 in early February. This decline followed Binance's decision to delist the token, citing that it did not meet the exchange's standards. 
But XMR has since recouped those losses, briefly surpassing $180 last week, the highest price since Jan. 23, and last traded around $170 on Kraken, according to TradingView. 
Related News: <a href="https://en.bitcoinsistemi.com/mystery-lifts-on-altcoin-allegedly-founded-by-donald-trump-the-names-behind-it-are-becoming-clearer/" target="_blank" rel="dofollow">Mystery Lifts on Altcoin Allegedly Founded by Donald Trump: The Names Behind It Are Becoming Clearer</a> 
The recent rise in XMR's price can be partially attributed to the crackdown on botnet mining. 
Botnet mining, a malicious practice in which cybercriminals use compromised computer networks to mine cryptocurrency, has long favored XMR for its robust privacy features that make it difficult for law enforcement to track illicitly obtained funds. 
In addition, the decision by 2Miners, a leading Monero mining pool, to stop mining XMR also likely contributed to the price increase. 
2Miners announced on June 10 that it was delisting XMR; This may have reduced the supply and increased the demand for the token. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/privacy-focused-project-monero-xmr-reverses-the-decline-following-delist-news-heres-why-the-rise/">Privacy-Focused Project Monero (XMR) Reverses the Decline Following Delist News! Here's Why the Rise</a>

Privacy-Focused Project Monero (XMR) Reverses the Decline Following Delist News! Here's Why the Rise

Table of Contents

Bitcoin Sistemi EN

Other articles published on Jun 20, 2024

Why Investors Are Opting for MoonBag, The Top Crypto Presale in June 2024, Over Binance and Theta

MicroStrategy’s Bitcoin Stash Grows to 226,331 BTC with Latest $786M Purchase

Qubetics Whitelist Offers Early Access Advantage as Avalanche and Polygon Face Market Challenges

Bitcoin Price Prediction Analysis: 2024, 2025, 2026, 2027, 2028, 2029, 2030

SuperRare Prioritizes High-Quality Digital Art and Benefits Artists and Collectors

MoonBag Presale, Investors Leave Book of Meme and Notcoin in the Crypto Dust

Join our free newsletter for daily crypto updates!