Latest news and analysis of the crypto Mantra (OM), Monero (XMR), and Aptos (APT): great opportunities in the market!
Traders Bet Big on BlockDAG with $10M Raised in 72 Hours While Moo Deng Rises And XMR Falls
Privacy-Focused Ethereum Altcoin Intices Monero Holders to Trade XMR For LNEX Tokens – OP Backers Regain Optimism.
SOL, XMR, and CUTO are set for ROI in Q4.
Monero (XMR), ZCash (ZEC) and Other Privacy Coins Face Highest Delisting in 2024
Monero Dips 7% as Kraken Says It's Delisting XMR for European Customers
We did not take this decision lightly," Kraken wrote in a blog post about delisting XMR.
Will Solana (SOL) and Monero (XMR) Skyrocket This September? Experts Weigh In
Monero Expert Fact Checks Chainalysis Video Claiming XMR Transactions Can Be Traced
Users can avoid sharing their IP address while using XMR by running their own node on the network, said former Monero committee member Csilla Brimer.
Monero Surges 11% Despite Market Lag: Is XMR’s Uptrend Set to Continue
Monero (XMR) has emerged as a standout performer, posting an impressive 11% gain on the weekly charts. This unexpected rally has piqued the interest of investors and analysts alike, raising questions about whether Monero’s uptrend will persist. Let’s dive into the factors driving this surge and explore what could be next for this privacy-focused cryptocurrency.
How to Mine Monero in 2024: Is it Profitable?
Monero (XMR) rallies to monthly high after spike in Google searches
Monero (XMR) Price Hints A 20% Surge Amid Bullish Reversal?
Monero Not Spared, Drops 11% Despite Plans For This Gamechanging Privacy Feature
Team Video Catapults BlockDAG to 120k Holders; Uncertainty Clouds Polygon’s Price Forecast; Is Monero Past Its Prime?
Norwegian police have released new details about a suspected kidnapping case linked to a €9m (£7.8m, £11m) cryptocurrency ransom.
The disappearance of 68-year-old Anne-Elisabeth Hagen, the wife of a wealthy real estate investor and one of Norway's richest men, has baffled investigators for nearly three years. Investigators have been unable to unravel who is behind the shadowy plot, which involves cryptocurrencies, coded messages, the dark web, a multimillionaire and his missing wife.
Now, the head of the investigation has appealed for help from the public after revealing new details of the case in an interview with the Norwegian tabloid VG.
Anne-Elisabeth Hagen disappeared without a trace from the small town of Lørenskog, Norway, in October 2018. A ransom letter demanding €9m in cryptocurrency was subsequently discovered at Hagen's house.
Anne-Elisabeth was the wife of Tom Hagen, one of Norway's richest men. He has been described in the press as a low-profile property and energy tycoon with an estimated net worth of 1.9bn kroner (£147m).
After initially suspecting kidnapping, police later changed their theory to a murder coverup.
Last year Tom Hagen and a man in his 30s were charged with murder in connection with the case. At the time of Tom Hagen's arrest in April 2020, police told the media they believed no abduction had taken place and there had never been a counter party seeking a ransom.
“In other words, the police believe that the case is characterised by a clear, planned deception,” a statement released at the time said.
According to VG, both of the men are still charged and deny any wrongdoing. Yahoo Finance UK has contacted Svein Holden, Tom Hagen's lawyer, for comment. He did not respond in time for publication.
XMR’s trading volume surged by 30% on daily charts as prices rose by 11.7%.
Monero seems to come back from legal woes as analysts eye a 176% rally.
Monero Begins Integration of New Privacy Feature (FCMP++) to Enhance Transaction Security
Monero is currently the top-performing cryptocurrency among the top 100 by market cap over the past 24 hours.
On Aug. 2, Monero Monero
xmr
3.11%
Monero rose above $164, posting intraday gains of nearly 5%, while most of the crypto market struggled while Wall Street traded deep in the red.
Monero, a privacy coin, has faced challenges in recent months, mainly due to several exchanges delisting its native token amid increasing regulatory scrutiny. Despite this, XMR remains one of the top 100 coins by market cap, currently ranking 27th with a market cap of $2.9 billion.
Prices and market statistics of the crypto Ripple XRP, Monero, and Gala
Ripple (XRP) is currently traded at 0.57 USD, with a market capitalization of approximately 32.1 billion dollars. The trading volume in the last 24 hours amounts to 807.8 million dollars, highlighting significant interest in the market.
With a circulating supply of 56.1 billion XRP, the cryptocurrency maintains a relevant position in the sector. Investors hold XRP for an average period of 84 days, indicating a moderate commitment to the cryptocurrency. Currently, Ripple occupies the 7th position in terms of popularity among cryptocurrencies.
Monero (XMR) is currently trading at 153.82 USD, with a market capitalization of approximately 2.8 billion dollars. In the last 24 hours, the trading volume has reached 64.4 million dollars, indicating relatively moderate activity compared to other major cryptocurrencies. Monero has a circulating supply of 18.4 million XMR, maintaining a limited availability that contributes to its market value.
Despite its current price being significantly lower than the all-time high of 517.62 USD, Monero continues to be valued for its unique privacy and anonymity features, which make it a popular choice for those seeking secure and private transactions in the world of cryptocurrencies.
Gala (GALA) is currently trading at 0.0173 USD, with a market capitalization of approximately 587.1 million dollars. In the last 24 hours, the trading volume has reached 92.0 million dollars, reflecting consistent interest among traders and investors.
The circulating supply amounts to 34.0 billion GALA, a significant quantity that contributes to its wide distribution in the market.
Currently, Gala is ranked 94th in terms of popularity among cryptocurrencies, indicating a significant but not dominant presence in the sector.
Binance is set to carry out a significant conversion of various tokens to USDC, affecting several prominent cryptocurrencies, including Bitcoin Gold (BTG) and Monero (XMR). This will be based on the average exchange rate from September 2, 2024, to March 1, 2025, ensuring users receive equivalent USDC for their holdings in the impacted tokens.
Bitcoin Gold, and Monero, are among the tokens set for conversion. Users holding these tokens in their Binance wallets need to be particularly aware, as they will need to withdraw their BTG and XMR before September 1, 2024, 23:59 UTC, as withdrawals will be disabled post this deadline.
Several tokens have been impacted recently including Bitcoin Gold (BTG) and Bitcoin Standard Hashrate Token (BTCST). Other affected tokens are Bitshares (BTS), District0x (DNT), and Groestlcoin (GRS). Hegic (HEGIC), MobileCoin (MOB), and Monero (XMR) are also on the list, along with Monetha (MTH) and Multichain (MULTI). Additionally, Navcoin (NAV), Sologenic (SOLO), and Spartan Protocol (SPARTA) are included. Lastly, Symbol (XYM) and Tribe (TRIBE) have been impacted as well.
The conversion process will conclude by March 1, 2025, at 23:59 UTC. During this period, users will not see these tokens in their wallets, as the process will be based on the average exchange rates for the duration. Binance will update users via email with details on the conversion and the average exchange rates during this period.
Importantly, deposits of these tokens are no longer supported, and users should act swiftly to withdraw their holdings if they wish to do so. Binance promises to notify all affected users by August 19, 2024, with further details on the conversion.
Binance is set to convert over a dozen tokens into the USDC stablecoin while also delisting six additional tokens as part of its latest platform adjustments.
Cryptocurrency exchange Binance is set to convert multiple tokens on its platform to USDC based on users’ holdings in their wallets as the exchange continues aiming to simplify trading pairs.
In an Aug. 12 blog notice, the exchange said it will convert 15 tokens, including privacy-oriented Monero Monero
XMR
-1.43%
Monero and Bitcoin Gold Bitcoin Gold
BTG
-0.95%
Bitcoin Gold into Circle’s stablecoin USD Coin (USDC). Binance did not reveal the reason behind the move, but noted that users can still withdraw the tokens before Sept. 1, 23:59 (UTC).
The conversion is said to be executed on the basis of the “average token to USDC exchange rate” between Sept. 2, 00:00 (UTC) and Oct. 1, 23:59 (UTC). The exchange noted that deposits of any of the above tokens “are no longer supported, and will not be credited to users’ accounts.” Following the announcement, Monero’s price showed minimal movement, dropping 0.52%, per data from crypto.news.
The FBI claimed it found Incognito Market’s alleged owner, Rui-Siang Lin, by tracking crypto from the dark web drug market to a crypto exchange account allegedly in his name.
A 23-year-old man has been arrested in New York and charged with owning, running and profiting from a $100-million dark web narcotics marketplace after authorities claimed to have tracked crypto transfers that uncovered his real identity.
Rui-Siang Lin, known online as “Pharoah,” was arrested at New York’s John F. Kennedy Airport on May 18 and appeared in federal court on Monday, May 20, the Manhattan United States Attorney’s Office wrote in a statement.
“For nearly four years, Rui-Siang Lin allegedly operated ‘Incognito Market,’ one of the largest online platforms for narcotics sales, conducting $100 million in illicit narcotics transactions and reaping millions of dollars in personal profits,” added Federal Bureau of Investigation (FBI) Assistant Director in Charge James Smith.
Incognito Market was an onion-based e-commerce platform accessed using the Tor web browser, referred to as the “dark web” or “dark net.”
It allowed users to buy and sell drugs, including cocaine, LSD, MDMA and prescription amphetamines, such as Adderall, using Bitcoin
BTC
tickers down
$61,050
and Monero
XMR
tickers down
$151
as payment methods.
Following Binance’s February announcement that it would delist Monero (XMR) and its finalization later that month, the exchange has now announced its last steps to get the privacy coin off its platform.
In an August 12 blog post, Binance said it will convert the balances of 15 different tokens, including XMR, to USD Coin (USDC) on Sept. 2, 2024. The conversion will be complete and the USDC will be in users’ wallets by Mar. 1, 2025.
The announcement explains that the conversion rate for the assets will be based on their average exchange rate between Sept. 2, 2024 and Mar. 1, 2025.
The affected assets, other than Monero, are Bitcoin Gold (BTG), Bitcoin Standard Hashrate Token (BTCST), Bitshares (BTS), District0x (DNT), Groestlcoin (GRS), Hegic (HEGIC), MobileCoin (MOB), Monetha (MTH), Multichain (MULTI), Navcoin (NAV), Sologenic (SOLO), Spartan Protocol (SPARTA), Symbol (XYM), Tribe (TRIBE).
As Bitcoin and Ethereum bounce back, the crypto landscape is buzzing with anticipation. Industry experts have identified three promising cryptocurrencies that are set for substantial gains next month. Dive into the details to discover which digital assets are primed for remarkable growth and why these tokens are capturing the attention of savvy investors.
Monero (XMR)
Monero (XMR) is currently trading between $138 and $164, showing resilience despite recent market challenges. Although prices have dropped about 8% this week and nearly 7% this month, the Relative Strength Index (RSI) at 48.61 indicates a balanced market with room for upward movement. The closest resistance at $178 and support near $127 provide a solid foundation for potential growth. If bulls gain strength, XMR could push towards $204, marking an impressive 48% rise from the lower price range. While recent trends suggest cautious optimism, the possibility for significant gains remains.
Ondo (ONDO)
Ondo (ONDO) is trading between 54 cents and 94 cents, with recent price movements presenting opportunities for growth. Despite a recent drop of almost 29% in a week and nearly 33% in a month, the market conditions are ripe for a rebound. Currently below its 10-day and 100-day simple moving averages at around 72-73 cents, the RSI just below 50 and stochastic levels near 20 suggest a potential upward shift. Breaking the nearest resistance at $1.19 could lead to a 27% rise, and if momentum continues, the next target of $1.59 represents a possible 69% increase, highlighting the potential for recovery.
Toncoin (TON)
Toncoin is trading between $5.54 and $6.68, demonstrating resilience despite bearish pressures. With the nearest support at $5.08 and resistance at $7.36, Toncoin has a strong foundation for potential growth. While prices have dipped 17.24% in a week and 27.74% this month, a six-month rise of 167.66% underscores its growth potential. If bulls gain momentum, breaking the $7.36 resistance could push prices to $8.50, representing a 27% increase from the higher end of its current range. The RSI of 52.18 suggests a balanced market, keeping the door open for significant growth.
Conclusion
In the dynamic and often unpredictable world of cryptocurrencies, savvy investors are always on the lookout for the next big opportunity. As Bitcoin and Ethereum show signs of recovery, the spotlight has turned to three promising digital assets: Monero (XMR), Ondo (ONDO), and Toncoin (TON). Despite recent price declines, each of these cryptocurrencies exhibits unique strengths and growth potentials.
Monero's resilience amidst market challenges, with a potential rise to $204, makes it a strong candidate for investors seeking substantial returns. Ondo, despite its recent significant drops, shows technical indicators that suggest a promising rebound, with a possible increase to $1.59. Toncoin, with its historical growth and strong support levels, also stands poised for a potential surge to $8.50.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Key takeaways
Monero price prediction suggests a bullish trend, with XMR anticipated to reach $350 by the end of 2024.
XMR could reach a maximum price of $730 by the end of 2027.
By 2030, Monero’s price may surge to $1200.
Monero (XMR) stands out in the cryptocurrency space for its strong focus on privacy and decentralization of transactions. This makes it a popular choice for privacy advocates and those prioritizing security. The Monero ecosystem is constantly evolving, marked by significant milestones like enhanced protocol upgrades and growing adoption across various sectors, which underscore its utility.
As Monero continues to progress, many wonder about its future price trajectory. Will its unique features drive significant value growth? Can it sustain its competitive edge in the ever-evolving crypto market? Will XMR recapture its ATH at $517.62?