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Monero [XMR] drops down to 13th position

Rajath Kumar

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Monero [XMR] drops down to 13th position - failed to prove its potential
Source: Wikepedia

Monero [XMR] is currently priced at $195.22 and has a market cap of $3.127 billion. It has a market supply of 16.02 million and an overall volume of $45.93 million in the past 24 hours. The coin has declined by 19.94% in the past 7 days.

7-days graph of XMR

7-days graph of XMR

The coin has been beaten by an underdog coin Dash which has a market cap of $3.12 billion as of 12th may 2018. Monero reached a dangerously low level of $3.12 billion market cap.

Many experts speculate that the mining malware caused the downfall of Monero as many of the investors stepped away from the coin due to security reasons. The malware was creeping around 400 websites and used illegal activities for mining XRM.

Monero got a new wallet known as XMRwallet which would allow faster and smoother transactions and keeps the identity of the client anonymous. The wallet is compatible with MyMonero and can support over 10 different languages. The major blockchain company Circle also added Monero to its platform.



Kenny a Reddit user says:

“For you own sake, always trust your coin. There may be times where it may look like the coin may fall off from the face of this planet, but these types of things are like commonn in the cryptospace, so investors need not freak out over things like these.”

A crypto enthusiast says:

“Monero prices are dropping continuously. I think it’s a good idea to buy them at the current price.”





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Rajath Kumar is an intern at AMBCrypto. He became aware of the crypto-world through gaming and has been a part of it for two years now. Rajath does not hold any value in any cryptocurrencies or its projects.

Altcoins

Binance Coin surges by 9% in 24-hours after DEX announcement; breaks out of ‘saucer bottom’ pattern

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Binance Coin surges by 9% in 24-hours after DEX announcement; breaks out out of 'saucer bottom' pattern
Source: Unsplash

Binance Coin [BNB] is nothing short of becoming the best performing crypto asset of 2019, as it creates higher highs every day. In a recent surge, BNB went up by approximately 12% in 24-hours breaking out of the ‘saucer bottom’ pattern.

BNB has been on a bull run since December 2018, it has surged by approximately 470% since that point. In the last 24-hours, the price was up by approximately 12% from wick-to-wick.

Source: TradingView

Moreover, the rise in the price over the day can be attributed to the announcement by Binance DEX, that was launched recently. The tweet read:

The new update will convert the BNB, which is an ERC20token, into BEP2, it will be called the “mainnet swap”. Furthermore, users have to convert their ERC20 tokens on Binance, the details of which will be released in the near future.

In addition, Mithril, a cryptocurrency project has announced that it will be the first project to migrate to the Binance Chain. It tweeted:



“$MITH token holders on the new @Binance_DEX will be the first to experience increased speed, security, and user friendliness while maintaining full control over their funds.”

A Twitter user, @carlitosblvd123, commented:

“So , all BNB we have now like erc20 in binance exchange and on trust wallet will be converted to bep2 automatically or we have to do anything to happen?”

@jigneshon, another Twitter user commented:

“Crypto Revolution will happen on 23rd April when Binance Chain Genesis block will be created. 🔥”





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