XRM
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#XRM is drop 👇👇👇👇
take the opportunity
#Write2Earn
#TrendingTopic
when I was started my entry it hits 76.92% profit and still Gaining
take the opportunity
#Write2Earn
#TrendingTopic
when I was started my entry it hits 76.92% profit and still Gaining
Monero (XMR) Drops 35% After Binance Announcement
Binance, the top cryptocurrency exchange, has announced plans to remove four altcoins from its trading platform, including Monero (XMR), in order to safeguard its users. This decision has led to a significant decline in Monero’s value, with the coin plummeting by 35% since the announcement.
As a result, Monero’s market capitalization has decreased by over $1 billion. Binance has provided a three-week notice period before the delisting takes effect.
Binance Announces Delisting of Monero (XMR) and Three Other Altcoins
In a surprising announcement on Tuesday morning, Binance declared the complete delisting of Monero (XMR), Aragon (ANT), Vai (VAI), and Multichain (MULTI) from its services.
The decision, outlined by the crypto giant, was influenced by various factors including trading volume, liquidity, and network stability. Additionally, Binance cited “evidence of unethical/fraudulent conduct or negligence” as contributing reasons.
According to the statement, the full removal of all XMR trading activities will take place on February 20, 2024.
Privacy Concerns Surrounding Monero (XMR)
The mainstream media has frequently associated privacy-focused blockchains with illicit activities, and legal bodies’ efforts to prevent money laundering have often fallen short. Monero, known as a coin “private by design,” has faced heightened scrutiny due to its anonymity features.
The Financial Crime Academy’s (FCA) recent research has labeled it a preferred cryptocurrency for cybercriminals, intensifying legal attention on private crypto coins with obscured transaction histories.
Binance Delisting Sends Monero (XMR) Tumbling
Binance’s decision to delist Monero (XMR) sparked turbulence in the crypto markets on Tuesday morning. XMR experienced a sharp decline of 16.9% at 9 AM GMT, followed by an additional 5% drop later in the afternoon.
The private blockchain, in existence since 2014, saw its longest red candle in a year, plunging below $120 at the time of publication. This drastic downturn resulted in Monero losing a staggering $1 billion in global market capitalization in less than 24 hours.
Currently valued at $2,019,267,810, XMR appears to be on track to enter a double-digit price range for the first time since September 2020. Despite these losses, Monero remains available for trading on 126 centralized and decentralized cryptocurrency platforms worldwide.
Backlash and Support for Monero’s Privacy Features
The delisting move has sparked significant backlash from crypto enthusiasts who advocate for the intrinsic value of untraceable blockchains, which provide uncompromising anonymity to traders.
Douglas Touman, a proponent of free speech and former Congress candidate, expressed his belief in Monero’s resilience, stating that it is “unstoppable” and “born to thrive outside of the State-controlled fiat system.”
Well at least losing all my #monero in that boating accident doesn’t feel so bad anymore 😝 … remember folks they can’t kill it, they can only try to make you believe they can.
Today, flip this chart on its head and rename the Y-axis “unstoppableness”! Monero is the truest crytpo of all. Born to thrive outside of the State controlled fiat system. Let me know when Monero starts being delisted from darkmarkets like Bitcoin has and then I will flinch
🗽🚀
https://x.com/DouglasTuman/status/1754880940411588744?s=20
— Douglas Tuman (@DouglasTuman) Feb 4, 2024
Speculations suggest that Binance’s decision to delist Monero may be linked to concerns surrounding its privacy and anonymity features. Notably, last year, Binance faced a $4.3 billion fine from the Department of Justice (DoJ) for violating several anti-money laundering prevention regulations.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Monero #XRM
As a result, Monero’s market capitalization has decreased by over $1 billion. Binance has provided a three-week notice period before the delisting takes effect.
Binance Announces Delisting of Monero (XMR) and Three Other Altcoins
In a surprising announcement on Tuesday morning, Binance declared the complete delisting of Monero (XMR), Aragon (ANT), Vai (VAI), and Multichain (MULTI) from its services.
The decision, outlined by the crypto giant, was influenced by various factors including trading volume, liquidity, and network stability. Additionally, Binance cited “evidence of unethical/fraudulent conduct or negligence” as contributing reasons.
According to the statement, the full removal of all XMR trading activities will take place on February 20, 2024.
Privacy Concerns Surrounding Monero (XMR)
The mainstream media has frequently associated privacy-focused blockchains with illicit activities, and legal bodies’ efforts to prevent money laundering have often fallen short. Monero, known as a coin “private by design,” has faced heightened scrutiny due to its anonymity features.
The Financial Crime Academy’s (FCA) recent research has labeled it a preferred cryptocurrency for cybercriminals, intensifying legal attention on private crypto coins with obscured transaction histories.
Binance Delisting Sends Monero (XMR) Tumbling
Binance’s decision to delist Monero (XMR) sparked turbulence in the crypto markets on Tuesday morning. XMR experienced a sharp decline of 16.9% at 9 AM GMT, followed by an additional 5% drop later in the afternoon.
The private blockchain, in existence since 2014, saw its longest red candle in a year, plunging below $120 at the time of publication. This drastic downturn resulted in Monero losing a staggering $1 billion in global market capitalization in less than 24 hours.
Currently valued at $2,019,267,810, XMR appears to be on track to enter a double-digit price range for the first time since September 2020. Despite these losses, Monero remains available for trading on 126 centralized and decentralized cryptocurrency platforms worldwide.
Backlash and Support for Monero’s Privacy Features
The delisting move has sparked significant backlash from crypto enthusiasts who advocate for the intrinsic value of untraceable blockchains, which provide uncompromising anonymity to traders.
Douglas Touman, a proponent of free speech and former Congress candidate, expressed his belief in Monero’s resilience, stating that it is “unstoppable” and “born to thrive outside of the State-controlled fiat system.”
Well at least losing all my #monero in that boating accident doesn’t feel so bad anymore 😝 … remember folks they can’t kill it, they can only try to make you believe they can.
Today, flip this chart on its head and rename the Y-axis “unstoppableness”! Monero is the truest crytpo of all. Born to thrive outside of the State controlled fiat system. Let me know when Monero starts being delisted from darkmarkets like Bitcoin has and then I will flinch
🗽🚀
https://x.com/DouglasTuman/status/1754880940411588744?s=20
— Douglas Tuman (@DouglasTuman) Feb 4, 2024
Speculations suggest that Binance’s decision to delist Monero may be linked to concerns surrounding its privacy and anonymity features. Notably, last year, Binance faced a $4.3 billion fine from the Department of Justice (DoJ) for violating several anti-money laundering prevention regulations.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Monero #XRM
XRP and XLM about to 'melt faces;' Here's Why ?
With the optimistic sentiment still ruling the cryptocurrency sector, crypto technical analysts have observed that the chart patterns of some of its assets are displaying signs of possible ‘face-melting’ rallies in the near future, in particular those of XRP and Stellar lumens (XLM).
As it happens, pseudonymous crypto market analyst Charting Guy has recently pointed out that the “2 coins that have traded sideways or as some say, ‘done nothing’ for 6 years” would “melt faces very soon,” as he explained in an X thread published on March 27.
Indeed, the expert stressed that both “have been consolidating with higher lows, but also lower highs,” forming a symmetrical triangle pattern, which are the “biggest ones I’ve ever seen and their apexes are rather close,” citing his colleague Coins Kid who said that “compression leads to expansion.”
XRP price prediction:-
Specifically, Charting Guy noted that XRP, the token at the center of the court standoff between the United States Securities and Exchange Commission (SEC) and blockchain company Ripple, was targeting an area between $10 and $13, as its symmetrical triangle was casually aligned with the top of the observed channel.
XLM price prediction:-
At the same time, Charting Guy highlighted that XLM was making the same pattern, emphasizing the fact that “these 2 charts are almost identical and they have a very high correlation in price movement,” which could lead Stellar lumens toward hitting the price in the $2.50 zone.
Currently, XLM is changing hands at the price of $0.1367, recording an increase of 0.54% in the last 24 hours, adding 3.47% to its value across the previous seven days, and growing 13.74% on its monthly chart. Should the expert’s prognoses materialize, it could further gain 1,728.42%.
#WIF #XRP/USDT🔥🔥: #XRM #sui #SHIB
With the optimistic sentiment still ruling the cryptocurrency sector, crypto technical analysts have observed that the chart patterns of some of its assets are displaying signs of possible ‘face-melting’ rallies in the near future, in particular those of XRP and Stellar lumens (XLM).
As it happens, pseudonymous crypto market analyst Charting Guy has recently pointed out that the “2 coins that have traded sideways or as some say, ‘done nothing’ for 6 years” would “melt faces very soon,” as he explained in an X thread published on March 27.
Indeed, the expert stressed that both “have been consolidating with higher lows, but also lower highs,” forming a symmetrical triangle pattern, which are the “biggest ones I’ve ever seen and their apexes are rather close,” citing his colleague Coins Kid who said that “compression leads to expansion.”
XRP price prediction:-
Specifically, Charting Guy noted that XRP, the token at the center of the court standoff between the United States Securities and Exchange Commission (SEC) and blockchain company Ripple, was targeting an area between $10 and $13, as its symmetrical triangle was casually aligned with the top of the observed channel.
XLM price prediction:-
At the same time, Charting Guy highlighted that XLM was making the same pattern, emphasizing the fact that “these 2 charts are almost identical and they have a very high correlation in price movement,” which could lead Stellar lumens toward hitting the price in the $2.50 zone.
Currently, XLM is changing hands at the price of $0.1367, recording an increase of 0.54% in the last 24 hours, adding 3.47% to its value across the previous seven days, and growing 13.74% on its monthly chart. Should the expert’s prognoses materialize, it could further gain 1,728.42%.
#WIF #XRP/USDT🔥🔥: #XRM #sui #SHIB
Monero #xmr👀 Price Prediction:
XMR currently trading at $143, down 4% in 24hrs. Still struggling to find its footing after dropping 69.85% from its 3-year high of $477.96. Short-term forecast remains uncertain, but some analysts predict a potential rebound. Will XMR break through the resistance and start a new uptrend or continue its downward spiral? Only time will tell.
#XRM #July_NonFarmPayrolls_Shock #Write2Earn! #US_Job_Market_Slowdown
XMR currently trading at $143, down 4% in 24hrs. Still struggling to find its footing after dropping 69.85% from its 3-year high of $477.96. Short-term forecast remains uncertain, but some analysts predict a potential rebound. Will XMR break through the resistance and start a new uptrend or continue its downward spiral? Only time will tell.
#XRM #July_NonFarmPayrolls_Shock #Write2Earn! #US_Job_Market_Slowdown
🚀 Una nueva era en las criptomonedas se acerca!
La eliminación de Monero de #Binance podría ser el catalizador para una descentralización genuina en el mundo cripto.
¡Mantengámonos firmes en nuestros valores de privacidad y autonomía financiera mientras construimos un futuro más inclusivo y transparente para todos! 💡✨
#Monero #Descentralización #TrendingTopic #XRM
La eliminación de Monero de #Binance podría ser el catalizador para una descentralización genuina en el mundo cripto.
¡Mantengámonos firmes en nuestros valores de privacidad y autonomía financiera mientras construimos un futuro más inclusivo y transparente para todos! 💡✨
#Monero #Descentralización #TrendingTopic #XRM
