TLDR

Monero (XMR) to continue its sideways trajectory and trade below $175.

Rebel Satoshi ($RBLZ) sells 68 million tokens with an 80% surge in price.

BONK consolidates as experts foresee a surge above $0.000031.

The Monero (XMR) token has been one of the top altcoins in 2023 but has been trading sideways recently. As a result, its investors have turned their focus towards Rebel Satoshi ($RBLZ) and Bonk (BONK). Let’s understand what makes $RBLZ and BONK the best cryptos to buy ahead of XMR.

Monero Predicted to Continue Trading Sideways Amid Market Consolidation

As the crypto market surged to a new yearly high in December, the Monero (XMR) price also bounced. On December 10, the Monero token, XMR, rose to $178.39 before dropping once again. By December 21, the Monero (XMR) price had dipped by a meager 3% to trade at $172.87.

This sideways price action for the XMR token has occurred despite Monero showcasing its effectiveness against Bitcoin. For instance, on December 16, Monero showed that it is considerably cheaper to send XMR privately than it is to send BTC. While average BTC transactions cost more than $93, XMR transactions cost $0.056 only. Moreover, on December 21, the daily transactions on Monero (XMR) surged from 25K to 50K.

However, as Monero token, XMR, trades sideways, experts believe that it will continue to do so going forward. They believe that Monero (XMR) will stay below $175 in the coming months.

Rebel Satoshi’s Revolution Rages On With More Than 68 Million Tokens Sold

Rebel Satoshi is not just a meme coin but is a band of Recusant members coming together. The members of the Rebel Satoshi community draw inspiration from Guy Fawkes and Satoshi Nakamoto. Through their camaraderie, the members of Rebel Satoshi will rise against the growing centralization in the market.

The Rebel Satoshi platform will fully develop into a play-to-earn game and the Rebels Artefact Vault with 9,999 unique NFTs. The key to joining the Rebel Satoshi revolution is its native governance token, $RBLZ. The total supply of $RBLZ is fixed at 250 million with Rebel Satoshi allocating half of it to the public.

The $RBLZ presale is currently underway in the Warriors Round 2 at $0.018 per token. By the current presale round, Rebel Satoshi has raised $700K and sold more than 68 million $RBLZ tokens. Upon the conclusion of the presale, the $RBLZ token will surge by 150% from its launch. The price of the $RBLZ token will be $0.025 before it is even listed on major exchanges. As a result, investors are calling $RBLZ one of the best altcoins to buy.

BONK Consolidates as It Becomes The Third-Largest Meme Coin

Bonk has been one of the top gainers in the current bullish turn in the market. However, since rising to an all-time high of $0.000031 on December 15 before entering into a correction. By December 21, the BONK price had dipped by 35.4% to consolidate around $0.000020.

Despite the drop and consolidation in price, BONK Futures and Perpetual Trading went live on the Bozo Collective on December 17. BONK Futures also went live on the Kraken Pro exchange on December 21. Moreover, on December 21, the BONK token rose to take the third spot among meme coins in terms of its market cap.

Due to these developments, experts term this consolidation in the BONK price as a sign of bullishness. They predict the BONK token to rise above $0.000031 in the coming months.

For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram

The post After Making Money with Monero, Top Investors Shift Focus to Rebel Satoshi and Bonk appeared first on Metaverse Post.

In this analysis, we explore the latest updates concerning Manta Network (MANTA) and the obstacles encountered by Monero (XMR) after Binance decided to remove it from its listings.
Shortly after launching its governance token on January 18, Manta Network (MANTA) encountered a DDoS attack, disrupting its operations on major exchanges. Coin98 is contemplating a partnership to improve accessibility for MANTA. Meanwhile, Binance announced it will delist Monero (XMR) starting February 20, leading to a 19% decline in XMR’s value and affecting other cryptocurrencies on the exchange. OKX had previously made a similar decision for user safety.
Manta Network (MANTA) Overcomes DDoS Attack
Manta Network (MANTA) encountered a Distributed Denial of Service (DDoS) attack on January 18, shortly after launching its governance token. This attack disrupted MANTA’s operations on prominent exchanges like KuCoin, Binance, and Bithumb. Coin98, a major crypto platform, has shown interest in partnering with MANTA to enhance accessibility. The attack exploited MANTA’s Remote Procedure Call (RPC), generating nearly 135 million hoax requests that disrupted its operations.
Despite these challenges, founder Kenny Li assured that the situation was under control. However, regulatory scrutiny in South Korea over alleged money laundering accusations caused a significant drop in MANTA’s token value since January 22. As of February 11, MANTA was valued at $2.86, down 1.82% over the past week. Nevertheless, experts anticipate a rise to $3.65 by the end of February, leveraging the current bullish momentum in the crypto market.
Monero (XMR): Navigating the Storm of Delistings
Binance Exchange recently announced its decision to delist Monero (XMR) starting February 20, 2024, causing a sharp decline of over 19% in XMR’s value. This move, driven by security concerns, extends beyond Monero (XMR) to other cryptocurrencies also facing delisting from Binance. Similarly, OKX made a similar decision in January to delist certain cryptocurrencies, including Monero (XMR), to ensure user safety.
On-chart data for Monero (XMR) indicates it’s trading in a volatile and bearish zone, despite the broader crypto market surge led by Bitcoin (BTC). As of February 11, Monero (XMR) was trading at $118.43, down 29.65% over the past week. Experts anticipate a further decline toward the $100.00 psychological zone due to increased selling pressure and delisting from major exchanges.
⚠️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.
#MantaNetwork #Monero

XMR has bounced back from delisting and regulatory issues, surging 4.39% in the last seven days. This recovery could push its price towards $190.
Over the last six months, Monero (XMR) has faced challenges due to delistings from several exchange platforms. In February, Binance (BNB) announced that it would be removing XMR from its exchanges.
Monero (XMR) Faces Challenges but Shows Signs of Recovery
On June 10th, Kraken announced the delisting of Monero (XMR) in Ireland and Belgium, following similar actions in the U.K. This move by Kraken and Binance to remove privacy-focused coins like XMR highlights the regulatory challenges confronting cryptocurrencies.
In Europe, the passing of the AMLR (Anti-Money Laundering Regulation) is expected to lead to the disappearance of privacy coins from the market. The delistings have significantly impacted XMR’s market growth and price stability.
Despite this tough environment, XMR has shown recovery over the past month. It has gained 12.20% in the last 30 days and 4.39% in the past seven days. Additionally, XMR’s trading volume has surged by 7.61% to $52 million in the last 24 hours.
This recovery has sparked optimism among analysts, with predictions suggesting a potential rise to $190. Crypto analyst Sebastian noted on X (formerly Twitter) that Monero is showing significant market promise, gaining momentum off the 20-day EMA at $165. He sees potential targets of $180 and possibly $190, emphasizing XMR’s resilience and its important role in the crypto ecosystem.
Another analyst, ChartMonkey, shared long-term projections, predicting a breakout towards the all-time high in May 2025. He highlighted Monero’s strong potential for exceptional performance and advised doing your own research (DYOR).
Positive Market Indicators for Monero (XMR)
According to Market Prophit, the crowd sentiment for Monero (XMR) was positive, with a score of 0.089, and Buzz’s score was 1.0853. The Money Flow Index (MFI) has risen from 26 to 54 over the past week, indicating increasing buying pressure and a shift towards a bullish market sentiment, with more money flowing into the altcoin.
Additionally, the Relative Strength Index (RSI) has increased from 48 to 55 in the last seven days. This sustained rise in RSI suggests that recent gains are outpacing losses, pointing to growing bullish momentum.

Sentiment data shows that the Funding Rate aggregated by exchanges has been positive for the past week. At press time, XMR’s Funding Rate was 0.01, indicating that investors are willing to pay a premium to hold long positions, reflecting confidence in future price increases.
Furthermore, Coinglass reports that XMR has experienced little to no liquidation for both long and short positions. This low level of liquidation suggests that long position holders are maintaining their positions, while few investors are betting against the market with short positions.

Monero (XMR) Price Update and Projections
At press time, XMR was trading at $169.03 after breaking through the $168 resistance level. This breakout suggests a potential rise to the next significant resistance level around $174.
In a more bullish scenario, XMR could reach $179 in the short term. However, if the market experiences a correction, the price may decline to a critical support level at $158.
⚠️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 #XMR

The post The Current State of Bitcoin (BTC) Long Positions; Monero (XMR) and InQubeta (QUBE) Signal Impending Breakout appeared first on Coinpedia Fintech News

In the ever-evolving world of the best cryptocurrencies, the current landscape is marked by the dynamic movements of Bitcoin’s (BTC) long positions, the privacy-centric Monero (XMR), and the transformative force of InQubeta (QUBE). As Bitcoin grapples with the complexities of its long positions, Monero positions itself as a champion of user privacy. Meanwhile, InQubeta’s unique tokenomics and ongoing presale hint at a potential breakthrough in the crypto space.

Bitcoin’s Long Positions: A Defensive Move

CryptoQuant analyst SignalQuant sheds light on the struggle with long positions as Bitcoin prices rose. Long positions held by investors anticipating price increases were liquidated—a defensive move by traders aiming to minimize losses during a potential bear market. This strategic decision underscores the cautious approach of investors, opting to sell in the face of market uncertainty.

Interestingly, the past month witnessed an increase in long positions, even without significant interaction with short positions. This surge in long positions hints at a potential vulnerability in the still uncertain crypto market. The current state of Bitcoin’s long positions sets the stage for potential implications on the future price movements of the leading cryptocurrency.

Monero (XMR) and InQubeta (QUBE) Signal Impending Breakout

As Bitcoin navigates its nuanced landscape, other top crypto coins are positioning themselves for potential breakouts. Among these, Monero (XMR) and InQubeta (QUBE) stand out, each with its unique characteristics signalling a possible shift in the market.

Monero (XMR): Leading Privacy and Anonymity

Monero, known for its focus on privacy and user anonymity, is emerging as the best cryptocurrency championing equal opportunities for investors. With its native token, XMR, users can mine without needing specialized hardware. Operating on an opaque blockchain that conceals transaction details and user addresses, Monero offers security that appeals to those prioritizing privacy.

Monero’s affordability, with no transaction fees for users, enhances its appeal. Its robust security measures make it a preferred choice for institutional investors seeking to shield their information. As Monero continues to lead the growth of user anonymity and privacy, it remains a top crypto to buy in the crypto space.

InQubeta (QUBE): Revolutionizing AI Investment

InQubeta (QUBE) emerges as a transformative force in the crypto landscape, particularly in AI investment. Positioned as one of the best cryptos to invest in, InQubeta’s unique tokenomics and ongoing presale underscore its potential.

Currently, at Stage 6, the presale has seen remarkable success. It has raised a total of $7.6 million, with over 91% of tokens allotted for this stage already sold. The QUBE token’s value, starting at a humble $0.007 during beta, has surged to $0.01925. This more than 150% growth signals widespread adoption and confidence from savvy investors.

InQubeta’s innovative approach enables fractional investment in AI startups, addressing traditional investment limitations. The fractional investment mechanism, represented as equity-based and minted into the coolest NFTs, allows investors to contribute to promising projects in a budget-friendly manner.

InQubeta’s ecosystem extends to the coolest NFT marketplace, where startups raise funds and offer rewards to investors. The deflationary nature of QUBE, with a 2% tax on all purchases going to a burning wallet, ensures value retention. Staking QUBE tokens adds another layer of incentives, with a 5% sales tax contributing to the platform’s reward pool.

Conclusion: A Nuanced Crypto Landscape

As you navigate the nuanced landscape of cryptocurrency, Bitcoin’s long positions provide insights into market sentiment. Meanwhile, Monero’s commitment to privacy and InQubeta’s transformative approach to AI investment signal potential breakouts in the altcoin space. Investors seeking diversity in their portfolios may find these opportunities worth exploring.

To delve deeper into the promising future of InQubeta (QUBE), consider visiting the official website and joining the vibrant community on Twitter. The evolving crypto landscape awaits, offering a spectrum of possibilities for those keen on staying informed and engaged.

Visit InQubeta Presale

Join The InQubeta Communities

The price of Monero (XMR) has dropped by 6% in the last 24 hours.

The coin’s funding rates have turned negative for the first time in two months following OKX delisting.

Monero (XMR) has dipped by 6% in the last 24 hours following OKX’s decision to delist 20 trading pairs, including the prominent privacy coin.

In an announcement on the 29th of December, the leading exchange noted that it had decided to delist the trading pairs because the crypto assets “do not fulfill our listing criteria.”

Other assets impacted by this move include Kusama [KSM], Flow [FLOW], Just [JST], Kyber Network Crystal [KNC], Aragon [ANT], Fusion [FSN], ZKSpace [ZKS], Capo [CAPO], PowerPool [CVP], Dash [DASH], ZCash [ZEC], and Horizen [ZEN].

At press time, XMR trades at $164.46. With a 6% price decline recorded in the last 24 hours, the coin ranked as the third asset with the most losses during that period, according to data from Coinstats. 

As observed by its price performance within a 12-hour chart, XMR’s value drop was due to a decline in accumulation among traders. At the time of writing, key momentum indicators were pegged below their respective center lines.

See Also: OKX Crypto Exchange To Delist Privacy Tokens Like Monero And Zcash In Early 2024

For example, XMR’s Relative Strength Index (RSI) was 36.77. Also, its Money Flow Index (MFI) returned a value of 38.05. 

These indicators showed that coin sell-offs exceeded accumulation as traders let go of their XMR holdings, given OKX’s move. 

Confirming the bearish sentiment, readings from XMR’s Directional Movement Index (DMI) put its negative directional index (red) above the positive directional index (green).

In an uptrend at press time with a value of 23.42, XMR’s negative directional index showed that bears controlled the 12-hour chart.

Further, XMR’s MACD line was spotted under its trend line and below zero at the time of writing. When an asset’s MACD line crosses below the trend line and falls below zero, it’s generally interpreted as a bearish signal.

Many traders consider this crossover below zero to be a sell signal, as it suggests that the downward momentum may continue.

Short-traders Take Advantage

As the price dip continues, short-traders in the XMR futures market have re-entered the market.

According to data from Coinglass, the coin’s derivatives market has seen a 109% growth in trading volume in the last 24 hours and a 23% uptick in Open Interest.

However, for the first time since the 30th of October, the coin’s Funding Rate across exchanges is negative.

When an asset’s Funding Rate is negative, it means that short position holders are paying a fee to long position holders. 

This suggests that a larger portion of traders believe the price will decrease in the future.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

The post Monero (XMR) Price Drops 6% In 24 Hours As OKX Delists 20 Trading Pairs appeared first on BitcoinWorld.