Cryptocurrency Monero Rises More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Monero (XMR) has seen a 3.51% increase in price over the last 24 hours, reaching $156.92. Over the past week, it has gained 1.0%, rising from $154.21. Despite the recent uptick, it remains far below its all-time high of $542.33. Trading volume has decreased by 13.0% over the past week, while the circulating supply has slightly increased by 0.05% to 18.15 million. Monero's market cap is currently ranked #29, valued at $2.84 billion.
January 25, 2024 | 7:00 pm
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Monero (XMR) has experienced a 3.51% price increase in the last 24 hours and a 1.0% gain over the past week, with a current price of $156.92. The trading volume has decreased by 13.0%, and the circulating supply has marginally increased.
The price increase of Monero (XMR) suggests a positive short-term sentiment among investors, which could lead to a further rise in price. However, the decrease in trading volume might indicate less trading activity, which could temper the price movement. The slight increase in circulating supply is unlikely to have a significant impact on the price. The market cap ranking provides context but does not directly influence short-term price movements.
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