$XMR

What Happened to XMR and Will it Rise Back?

News!

The impact of news in the crypto world can not be overestimated! Binance announced XMR as one of the tokens to be delisted and boom, investors sold the news!

Why is Binance Delisting XMR?

Monero faced regulatory scrutiny due to its privacy features that could enable illicit activities. This is the case filed against Monero and Binance sees it as a strong reason to delist the token! Remember, Binance is a regulated space and all projects listed in it must align with the regulations

What Do I Know About the Monero Project?

- XMR is the native token of Monero.

- XMR is a privacy-focused cryptocurrency that uses advanced cryptography to conceal the details of senders and recipients.

- XMR was launched in 2014 as a fork of Bytecoin, and it aims to achieve the highest level of decentralization possible.

- XMR is fungible, meaning that all coins are equal and interchangeable, and cannot be blacklisted by businesses for alleged illicit connections.

- XMR can be mined using CPUs, which means that anyone can participate in the network without needing special hardware.

Is This End for XMR?

All I can say at this point is that an "end" is subjective. For those who solely invest and trade on Binance, this is the end of XMR! However, others could continue with the token somewhere else!

Will XMR Price Rise Back?

This is beyond TA, but I can tell you that in the same way the price dropped, it can also rise if enough liquidity is pumped into the project.

Thanks for Reading!

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