Monero price prediction sentiment is turning cautiously optimistic as XMR crosses the $400 mark and eyes a breakout above its next key resistance levels. The privacy-focused cryptocurrency has posted a modest 3% gain in the last 24 hours, now trading at $406.42, backed by strong volume growth and favorable technical indicators. Emmaculate Araka is a cryptocurrency writer with published works on Crypto2Community and other news sources. Emmaculate finds gratification in diving deep into the crypto space, earning herself significant knowledge and experience. In Information Science, and outside work, Emmaculate loves reading novels and watching documentaries.

The live Monero price today is $360.69 USD with a 24-hour trading volume of $180,197,666 USD. The current CoinMarketCap ranking is #19, with a live market cap of $6,653,511,438 USD. As with any cryptocurrency investment, it’s crucial to conduct thorough research and consider the risks involved. Cryptocurrencies are subject to market fluctuations, and privacy-focused coins, in particular, face additional scrutiny from regulators. Monero (XMR) has surged past its key resistance level at $428, reaching $470 in a move that marks the highest price for the coin since May 2021. This sharp rise is fueled by the growing demand for privacy coins, sparked by the remarkable rally of Zcash (ZEC).

Monero suffers from reduced market demand

Its focus on scalability, inflation control, and reduced transaction fees, combined with ongoing efforts to secure partnerships, positions MoneroV as a promising option for users and investors alike. However, it’s important for individuals to conduct thorough research and consider their own financial situation before investing in any cryptocurrency. The development team behind MoneroV is actively seeking partnerships and collaborations, which could further enhance its usability and integration into the broader cryptocurrency ecosystem. The focus on creating a cryptocurrency that is not only private and decentralized but also efficient for everyday use, underscores the project’s commitment to addressing the practical needs of users. MoneroV, a fork of the Monero blockchain, is designed to serve multiple functions within the digital economy, addressing some of the limitations faced by its predecessor. It is positioned as a private and untraceable cryptocurrency, emphasizing the importance of user privacy and security.

• This cryptocurrency distinguishes itself by offering a finite supply, a feature that contrasts with Monero’s infinite supply model, aiming to introduce scarcity into its ecosystem.
• Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.
• Bitcoin (BTC) market structure continues to deteriorate as the capitulation phase begins to take shape, with BTC sliding below $97,000 on Friday and extending losses to more than 7% so far this week.
• They had suggested “controversial changes” to Bytecoin that others in the community disagreed with and decided to take matters into their own hands.

Monero (XMR) price surges by more than 4% at press time on Wednesday, breaking the streak of two consecutive days of losses. The privacy coin rebound lacks the support of retail interest, which is still low after the rough start to the week. The secrecy and anonymity offered by Monero are what most users find valuable. It gives people the freedom to conduct cryptocurrency transactions anytime they want for any purpose without being concerned about being watched by the government, hackers or other outside parties. XMR coins cannot be traced, thus they cannot be blacklisted by businesses for alleged illicit connections. As with any cryptocurrency investment, monerov price it’s important to conduct thorough research and consider the risks involved.

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With a capped supply of 256 million coins, MoneroV aims to mitigate issues related to inflation and transaction fees, making it an appealing option for users seeking a more stable digital currency. The security of MoneroV is further bolstered by the use of advanced cryptographic technologies. These include multi-signature capabilities, which require more than one key to authorize a transaction, adding an extra layer of security. MoneroV positions itself as a global open-source project, emphasizing its commitment to privacy, decentralization, and scalability.

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Kelvin Munene is a crypto and finance journalist with over 5 years of experience in market analysis and expert commentary. He holds a Bachelor’s degree in Journalism and Actuarial Science from Mount Kenya University and is known for meticulous research in cryptocurrency, blockchain, and financial markets. His work has been featured in top publications including Coingape, Cryptobasic, MetaNews, Coinedition, and Analytics Insight. Kelvin specializes in uncovering emerging crypto trends and delivering data-driven analyses to help readers make informed decisions.

• Decentralized exchange trading volume for XMR has increased markedly, suggesting organic demand independent of centralized platforms.
• Over the past 7 days, MoneroV has gained 0.00%, outperforming the overall crypto market which posted a 1.48% decline.
• Monero (XMR) falls by over 9% at press time on Wednesday, erasing the gains from the recovery seen late in the previous week.
• MoneroV hit the market on May 3 and aims to maintain a limited supply of coins in comparison to Monero’s infinite coin supply.
• XMR’s origins can be traced back to Bytecoin, a privacy-focused and decentralized cryptocurrency that was launched in 2012.
• Whereas each Bitcoin in circulation has its own serial number, meaning that cryptocurrency usage can be monitored, XMR is completely fungible.

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The next target for XMR price is $440, if the bulls break out of the channel, targeting the recent ATH at $470. But investors should be cautious, as a rejection at the $420 resistance level could send the Monero price to the next immediate support at $389. The Relative Strength Index (RSI) sits at 64.51, creeping into overbought territory, which might hint at a potential pullback if the bulls step up above 70+.

MoneroV Price Chart Live

The Solana price prediction is once again at the center of attention after Solana ETFs posted strong inflows despite broader market weakness. The RSI, SMA, and EMA indicators suggest bullish short-term continuation – but traders should monitor volume closely. Unlike XMR’s capped and deflationary model, $BEST offers early exponential upside typical of Stage 1–3 projects.

The past week’s rally appears driven by converging technical, fundamental, and sentiment factors rather than pure speculation. Following Zcash’s 200% surge in early November, traders began rotating profits into other privacy coins, with Monero emerging as the primary beneficiary. Santiment data shows “privacy coins” became a trending social topic starting November 6, confirming increased trader interest in the sector. The MoneroV to USD rate tells you how much US dollar is needed to buy 1 XMV. On CoinCodex, you can follow the real-time XMV to USD rates and use the interactive charts and to improve your technical analysis of this trading pair. To see the latest exchange rate, MoneroV historical prices, and a comprehensive overview of technical market indicators, head over to the page.

MoneroV’s journey is an example of how cryptocurrencies evolve and adapt, reflecting the dynamic nature of the blockchain technology landscape. The information provided on this website is for educational and informational purposes only and does not constitute financial, legal, or investment advice. Investing in cryptocurrencies, tokens, or Initial Coin Offerings (ICOs) carries significant risks, including the possible loss of your entire investment. Always conduct your own due diligence and consult with a licensed financial advisor before making investment decisions.

The coin’s market capitalization has now surpassed $10 billion, highlighting the strong investor interest in tokens that prioritize user privacy. Open interest in XMR futures on Bybit and Binance reached record levels, triggering a cascade of forced short liquidations. CoinGlass reports that approximately $12 million in short positions were liquidated over the seven days, accelerating the upward price momentum as bearish traders were squeezed out of their positions. The Monero price is showing strength, above $412, despite a 3.17% drop in the past 24 hours. The intraday pullback in the privacy coin also puts the rising optimism in the XMR derivatives market, indicated by heightened futures Open Interest, at risk.

Outside of work, he enjoys chess, traveling, and exploring new adventures. Analysts are hopeful that Monero’s rise could trigger a domino effect, causing other privacy-focused coins to follow suit. With a growing market interest in these tokens, the momentum in Monero is expected to continue, provided the coin holds above its current support levels. As Zcash continues to make headlines, Monero benefits from the increased spotlight on privacy coins. Investors seeking alternatives that offer enhanced privacy features are more likely to turn to Monero, which has long been regarded as one of the leading privacy-centric tokens in the market.

This cryptocurrency distinguishes itself by offering a finite supply, a feature that contrasts with Monero’s infinite supply model, aiming to introduce scarcity into its ecosystem. The project’s core mission revolves around enhancing privacy and security for its users, addressing some of the perceived limitations in its predecessor.