您现在的位置是:Monero (XMR) price staggers as the hash rate retreats >>正文
Monero (XMR) price staggers as the hash rate retreats
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛6人已围观
简介Monero is the biggest privacy-focused coin in the industry.It has underperformed recently as the num...
Monero is the biggest privacy-focused coin in the industry.
It has underperformed recently as the number of hash rate has slipped.
Moneroprice moved sideways on Thursday as investors reacted to the latest interest rate decision by the Federal Reserve. XMR, the network’s coin, was trading at $180 on Thursday, a few points below this year’s high of $187. It has jumped by more than 22% from the lowest point in January.
Monero hash rate slipping
Monero is a leading cryptocurrency in the privacy sector. The coin makes it possible for people to send cryptocurrency in an extremely private manner. Unlike Bitcoin and Litecoin, its transactions cannot be tracked by any person.
As a result, Monero is widely used by many people, especially in dark web marketplaces. They prefer it because of the relatively low transaction costs and the fact that transactions cannot be scooped by law enforcement.
Monero price has struggled in the past few days. A likely reason is that the privacy coin industry has gotten substantially competitive. Some of the top coins that compete with Monero are Dash, Nano, and Zcash among others.
Meanwhile, the health of Monero’s ecosystem has been in a downward trend. Data shows that Monero has a hash rate of 2.42 GH/s, which is much lowerthan the year-to-date high of 3.15 GH/s. Unlike other popular coins like Litecoin and Bitcoin, the hash rate has been in a constant downward trend after it peaked at 3.4 in January 2022.
Hash rate is one of the most useful metrics in proof-of-work networks like Bitcoin, Litecoin, and Ravencoin. It provides a good measure of the health of a network by looking at the number of guesses in the network.
Other Monero metrics are also not all that encouraging. For example, according to its Block Explorer, the number of transactions on Wednesdaywere more than 17,800. Last week, Monero handled about 116k transactions.
Monero price prediction
XMR/USD chart by TradingView
The daily chart shows that the XMR price has been in a strong bullish trend in the past few months. In this period, it has managed to move above the lower side of the ascending channel. At the same time, it is being supported by the 25-day and 50-day moving averages. Oscillators like the Relative Strength Index (RSI) and the Stochastic Oscillator have continued rising.
Monero has also formed a small ascending channel that is shown in black. Therefore, there is a likelihood that it will have a bearish breakout in the coming days. If this happens, the next key level to watch will be at $167, the lowest point on January 27.
How to buy Monero
Buxano
Trade crypto options on BUXANO, the world’s first platform offering peer-to-peer options trading for cryptocurrency pairs.We offer direct crypto options trading between peers, settled in Bitcoin, thus eliminating the possibility of foul play that can happen on traditional binary options sites where trading is done against the broker.
Buy XMR with Buxano todayKuCoin
KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 5 million registered users from 200+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique visit ranks the top 5 globally.
Buy XMR with KuCoin todayTags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/13522.html
相关文章
Assessing Solana's collapse in price and what the future holds
Monero (XMR) price staggers as the hash rate retreatsPerhaps no coin symbolises the rollercoaster ride of crypto better than Solana (SOL).It’s been...
阅读更多
IOTA’s ShimmerEVM integrates LayerZero for cross
Monero (XMR) price staggers as the hash rate retreatsShimmerEVM’s integration with LayerZero is expected to enhance cross-chain communication and D...
阅读更多
IoTeX, Bitcoin and Solana surge as Pullix emerges as a unique hybrid DeFi exchange
Monero (XMR) price staggers as the hash rate retreatsIoTeX’s IOTX token is up 163%, driven by an on-chain metrics surge.Pullix’s ongoing pres...
阅读更多
热门文章
- Chainalysis Reports High Darknet Activity in Eastern Europe
- Litecoin aims to hold $40 support and stop further decline
- Bank of Thailand Combines Blockchain and Government Bonds
- Crypto price prediction: Metacade, Ovr, UBXS
- Twitter CEO Speaks On Coinbase’s Choice To Remain Apolitical
- APE price soars as Snoop Dogg & Wiz Khalifa launch ApeCoin
最新文章
UK to involve players on crypto legislation as Pullix presale nears $1M
Bitcoin realized loss hit a historic $7.3 billion, Glassnode says
Coinbase launches spot trading for non
BBVA partners with Ripple’s Metaco to expand crypto services in Switzerland
Bitcoin's value can be looked at in different ways, says FTX US President
FTX will not cut jobs because they hired 'carefully', CEO says