Monero (XMR) Unfazed By Market Jitters, Climbs 13% – Details

Quick Summary:

According to CoinGecko, Monero gained nearly 13% since last week, putting the coin under the spotlight as one of the strongest gainers within the bear market.  Related Reading: RENDER Flashes Red With 18% Short-Term Loss – Details Monero’s simplicity lends itself to its focus on privacy and reliability, providing great value for both investors and users of the platform.

This huge utilization is due to Monero’s simplicity and utility, garnering the attention of analysts on X.  Although the market is overwhelmingly bearish, analysts show bullishness with predictions about XMR’s future performance.  "While everything else looks like pre-death, the privacy coin is making higher lows and higher highs.

The relative strength index (RSI) shows that although the coin has bullish momentum, XMR bulls are nearing exhaustion in the short term.  Related Reading: SUI Crashes 23% As September Unleashes Market Panic—Is A Comeback Possible?

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaSouth KoreaPhilippines

Topics: Altcoins Cryptocurrency Market News Bitcoin XMR Crypto Monero

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-05 @ 03:30:44 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 409 words

Reading Time: 3 minutes read

Sentences: 70 lines

Sentence Length: 6 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 22371639

View Article Analysis

About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 7 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 17 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

Publisher Details

Frequently Asked Questions