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<p class="is-style-lead">Monero is currently the top-performing cryptocurrency among the top 100 by market cap over the past 24 hours.</p>
<p>On Aug. 2, Monero (<a href="https://crypto.news/price/monero/" rel="noopener noreferrer nofollow">XMR</a>) rose above $164, posting intraday gains of nearly 5%, while most of the crypto market struggled while Wall Street traded deep in the red.</p>
<p>Monero, a <a href="https://crypto.news/privacy-coins-crypto-mixers-and-money-launderers-bitter-pills-in-crypto-mass-adoption/" rel="noopener noreferrer nofollow">privacy coin</a>, has faced challenges in recent months, mainly due to several exchanges delisting its native token amid increasing regulatory scrutiny. Despite this, XMR remains one of the top 100 coins by market cap, currently ranking 27th with a market cap of $2.9 billion.</p>
<p>Read more: <a href="https://crypto.news/monero-and-multichain-collapse-amid-binances-recent-announcement-to-delist/" rel="noopener noreferrer nofollow"> Monero and Multichain collapse amid Binance’s recent announcement to delist </a></p>
<h2 class="wp-block-heading" id="xmr-rose-to-175-in-july">XMR rose to $175 in July</h2>
<p>Monero’s price <a href="https://crypto.news/sats-aave-monero-and-ordi-soar-over-10-after-bitcoin-jumps-4/" rel="noopener noreferrer nofollow">rose to $175 on July 26</a> before dipping over the next few days as weakness across crypto threatened bulls. On Aug. 1, as Bitcoin crashed to near $62k, XMR reached its lowest price level since July 8 by hitting lows of $150.</p>
<p>XMR traded at its all-time high above $542 in 2018.&nbsp;&nbsp;</p>
<p>While XMR trades below the highs of $180 reached in mid-June, the gains to above $160 on Aug. 2 came amid positive news for the privacy coin.</p>
<p>Earlier in the week, the Monero team announced that they were working with Cake Wallet, a non-custodial for Bitcoin (<a href="https://crypto.news/price/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>), Ethereum (<a href="https://crypto.news/price/ethereum/" rel="noopener noreferrer nofollow">ETH</a>), and Litecoin (<a href="https://crypto.news/price/litecoin/" rel="noopener noreferrer nofollow">LTC</a>), to bring Monero to the Keystone Hardware Wallet.</p>
<p>Keystone, an open-source hardware cold wallet provider, confirmed the collaboration.</p>
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   <p lang="en" dir="ltr">In collaboration with Cake Wallet, the effort to integrate Monero into Keystone Hardware Wallet has commenced! <a href="https://t.co/vaX0eE9KIH" target="_blank" rel="noopener noreferrer nofollow">https://t.co/vaX0eE9KIH</a></p>— Monero (XMR) (@monero) <a href="https://twitter.com/monero/status/1818710464882184606?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 31, 2024</a>
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<p>The news of exchange delistings impacting XMR has been countered by the community’s positive reception of the latest developments. Keystone announced plans to become the first hardware wallet to support native Monero Mnemonic Seed, further solidifying community confidence.</p>
<p>Monero also recently <a href="https://x.com/monero/status/1817985495307272512" target="_blank" rel="noopener noreferrer nofollow">highlighted</a> an adoption case where a grocery store in New York now accepts XMR as payment from customers.</p>
<p>You might also like: <a href="https://crypto.news/hedera-hashgraph-arrives-at-a-key-price-amid-ecosystem-woes/" rel="noopener noreferrer nofollow"> Hedera Hashgraph arrives at a key price amid ecosystem woes </a></p>

Monero leads top altcoins in 24-hour gains despite sea of red

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