Cryptocurrency Monero's Price Increased More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Monero (XMR) has seen a significant price increase of 3.81% in the last 24 hours, reaching $141.95, with a weekly gain of over 17% from $120.57. Despite a 53% decrease in trading volume over the week, its circulating supply slightly rose by 0.04% to 18.15 million. Currently, XMR's market cap ranks it 47th at $2.58 billion.
March 01, 2024 | 7:01 pm
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Monero (XMR) has experienced a 3.81% price increase in the last 24 hours, reaching $141.95, with a significant weekly rise of over 17%. The trading volume has decreased by 53%, while the circulating supply has slightly increased.
The price increase of Monero (XMR) over the past 24 hours and week indicates a strong short-term bullish sentiment among investors. Despite the decrease in trading volume, which could suggest a decrease in immediate buying pressure, the overall positive price movement and slight increase in circulating supply suggest that demand remains robust. The significant weekly gain further underscores the asset's current positive momentum, likely leading to continued investor interest in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100