The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
All Alt Coin

Is it too soon to expect Monero to breach $300

by Miki 10/06/2021
by Miki 10/06/2021 0 comment

Monero’s price hiked by 85% on the charts in the 34-day period from 21 July to 24 August. In fact, XMR’s price tumbled briefly before picking up the pace in the first week of September again.

The altcoin, however, was unable to shield itself from the broader market downtrend in September and ended up dipping to a level as low as $212.

So far, October has been quite good for the crypto. In fact, the last couple of days have been characterized by consecutive green candles on the price chart and the trend is likely to continue.

On the development front

Amidst the price ups and downs, one thing has remained constant and consistent on the network – The developmental activity. Towards the end of September, for instance, the Monero P2Pool went live on the mainnet. The aforementioned pool is essentially decentralized and permission-less.

Being a ‘privacy coin,’ centralization, to a fair extent, posed a threat to Monero’s network. Since the atomic swaps went live on the network, mining remained the most centralized aspect of its ecosystem. What’s more, pool servers could be shut down and the recent events with MoneroOcean only supported the aforementioned assertion.

So now, with the P2Pool launch, miners have full control over their Monero node and no miner rigs can be used for a 51% attack. This pool, in fact, combines the advantages of both pool and solo mining.

Additionally, later this year, Monero would be available on Lamassu ATMs. Post the ‘Forsaken Fiat’ upgrade, users would be able to stack and sell this alt on Lamassu.

Monero will be available on Lamassu ATMs later this year! Lamassu is one of the largest manufacturers of cryptocurrency ATMs. #monero #xmr https://t.co/a2Z4QDq6cM

— Monero || #xmr (@monero) September 30, 2021

The recent listings on several platforms, right from BitcoinVN and Vauld to dYdX synthetic perpetuals and Bitfinex Futures, have further managed to widen the reach and scope of this alt. In fact, with the influx of a fair number of new people, the price of Monero has been able to shoot up of late.

The road to $300

Right from volatility to network activity, most of the key metrics seemed to be getting better, at the time of writing. The former, for starters, has already rebounded from its August lows of 0.56.

Sitting at 0.96 at press time, the surging volatility suggested that Monero’s price would not remain stagnant in its $260-$270 bracket for long.

Source: Messari

The transaction count, along with the circulating supply, has additionally been increasing of late. Keeping in mind the weekly 12% surge, it can be said that the number of buy transactions has been overshadowed by the number of sell ones lately.

Thus, if market participants continue to remain optimistic, one can expect XMR’s price to re-breach $300 this week itself. Its path to the aforementioned threshold would be fairly clear after it manages to sustain a position above its immediate $276-$277 resistance.

However, even if it doesn’t manage to do so, its strong developmental foot would be able to rescue it in the foreseeable future.



Source link

Views: 0
breachexpectMonero
Share
0
FacebookTwitterPinterestEmail
previous post
Will Shiba Inu (SHIB) Ever Surpass Dogecoin (DOGE)? By CoinQuora
next post
Bitcoin Holdings in Public Company Treasuries Exceed 200,000 BTC

Related Posts

Are Solana’s bulls really strong enough to halt...

12/29/2021

IXFI Announces Launch of New-Age Exchange Platform

12/29/2021

Litecoin repeating history will have this effect on...

12/28/2021

More than just a game – what GameFi...

12/28/2021

Even as network hits one million users, FTT...

12/28/2021

Fintech Expert Makes Six Bold Predictions for Crypto...

12/28/2021

A recovery rally in play for Sushiswap, as...

12/28/2021

SEC Accused of Deliberately Trying to ‘Kill’ XRP...

12/28/2021

Recent gains may finally boost Aave’s dominance in...

12/28/2021

Santa Floki Price Rallies 5,000% after Elon Musk’s...

12/28/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • Dogecoin Co-Creator Blasts $DOGE Community In-Fighting

  • This Crypto Billionaire Expects the BTC price to Touch $88,888 in Two Months

  • Elon Musk Says ‘Important to Support’ Dogecoin Fee Change Proposal – Altcoins

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Mining (0)
  • Ripple (149)
  • Uncategorized (0)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$29,772.001.65%
  • ethereumEthereum(ETH)$1,969.22-0.08%
  • tetherTether(USDT)$1.000.04%
  • binancecoinBNB(BNB)$331.763.37%
  • usd-coinUSD Coin(USDC)$1.000.10%
  • rippleXRP(XRP)$0.402305-1.32%
  • Binance USDBinance USD(BUSD)$1.00-0.16%
  • cardanoCardano(ADA)$0.520.24%
  • SolanaSolana(SOL)$48.92-0.72%
  • polkadotPolkadot(DOT)$10.011.86%
  • dogecoinDogecoin(DOGE)$0.083284-0.80%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$29,738.001.60%
  • Lido Staked EtherLido Staked Ether(STETH)$1,928.250.07%
  • AvalancheAvalanche(AVAX)$28.52-0.50%
  • tronTRON(TRX)$0.0808581.22%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • Shiba InuShiba Inu(SHIB)$0.000012-0.43%
  • daiDai(DAI)$1.000.02%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • AlexAlex(ALEX)$0.068435-0.04%
  • litecoinLitecoin(LTC)$69.480.50%
  • CronosCronos(CRO)$0.1885931.29%
  • LADZLADZ(LADZ)$0.0686894.36%
  • leo-tokenLEO Token(LEO)$4.890.55%
  • matic-networkPolygon(MATIC)$0.641.54%
  • NEAR ProtocolNEAR Protocol(NEAR)$5.841.29%
  • HederaHedera(HBAR)$0.389473-3.44%
  • FTX TokenFTX Token(FTT)$29.61-0.06%
  • bitcoin-cashBitcoin Cash(BCH)$193.382.22%
  • RareRare(RARE)$0.0461220.00%
  • moneroMonero(XMR)$197.485.78%