Cryptocurrency Monero Up More Than 5% In 24 hours
Portfolio Pulse from Benzinga Insights
Monero (XMR) has seen a significant price increase of 5.85% in the last 24 hours, reaching $162.9, despite a weekly downtrend of 8%. The coin's all-time high is $542.33. Trading volume has risen by 16%, while the circulating supply has slightly decreased by 0.06%. Monero's market cap ranks it at #34, valued at $2.96 billion.
January 04, 2024 | 7:03 pm
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Monero (XMR) has experienced a 5.85% increase in price over the past 24 hours, reaching $162.9, despite a recent weekly loss. The trading volume has increased and the circulating supply has decreased slightly.
The price increase of Monero (XMR) over the past 24 hours, along with an increase in trading volume, suggests a positive short-term sentiment among investors, which could lead to a further increase in price. However, the recent weekly trend has been negative, which may temper the short-term impact. The slight decrease in circulating supply could also be a factor supporting the price if demand remains constant or increases.
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