Cryptocurrency Monero Down More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
In the past 24 hours, Monero's (CRYPTO: XMR) price has dropped by 4.22% to $143.42, continuing its negative trend over the past week with an 8.0% loss. The trading volume of Monero has increased by 10.0% over the past week, and the circulating supply of the coin has also increased by 0.32% to 18.15 million. The current market cap ranking for XMR is #27 at $2.61 billion.
August 18, 2023 | 7:00 pm
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NEGATIVE IMPACT
Monero's price has dropped by 4.22% in the past 24 hours, continuing its negative trend over the past week with an 8.0% loss. The trading volume has increased by 10.0% over the past week, and the circulating supply has also increased by 0.32%.
The price of Monero has been on a downward trend, which is a negative signal for investors. The increase in trading volume and circulating supply could indicate a higher level of interest in the coin, but it has not been enough to reverse the price trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100