Cryptocurrency Monero's Price Increased More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Monero (XMR) experienced a 3.61% price increase over the last 24 hours, reaching $123.31, despite a 3.0% decrease over the past week from $126.54. The coin's all-time high is $542.33. Trading volume has decreased by 46.0%, and the circulating supply dropped by 0.1% to 18.15 million, placing Monero's market cap at $2.24 billion and ranking it #48.
February 22, 2024 | 7:02 pm
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Monero (XMR) has seen a 3.61% increase in price to $123.31 over the last 24 hours, despite a weekly decline of 3.0%. The trading volume has significantly decreased by 46%, and the circulating supply has slightly decreased by 0.1%.
The short-term price increase of Monero (XMR) despite a decrease in trading volume and circulating supply suggests a potential bullish sentiment among investors. However, the recent decrease in trading volume could indicate less trading activity, which might affect liquidity. The slight decrease in circulating supply could be seen as positive, as it might imply a reduced availability of coins, potentially driving up the price if demand remains constant or increases.
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