XMR Price Analysis
The XMR crypto is trading at $56.10 against USD at 8.5% surge. While, XMR / BTC price is 0.00741437 BTC with 7.77% rise. The current market cap of Monero has increased 3.5% from $940,587,960 USD to $973,542,217 USD. The 24hr trading volume has added around $10,000,000 USD to its kitty; now being $61,358,297 USD.
Looking at the weekly chart, the XMR price has increased suddenly after falling to $44 on Jan 3. XMR price is increasing since then.
- RSI Indicator – The XMR/USD 4hr indicator displays a constant growth. The price is above the bullish level 70 and flirting with level 80. Bulls are in the near future.
- MACD Indicator – The XMR/USD 4hr indicator has broken out of the downtrend line. This suggests that the downtrend is likely over. The price might climb up to the moving averages.
A twitter handle by name aWebAnalysis has charted out Monero price growth in last week.
Stamp of Privacy on Monero –
In a recent turn of events, Europol, The European Union Agency for Law Enforcement, has encountered a cybercrime involving Monero. Europol officials have attended a Blockchain Alliance Webinar on Privacy Coins. Jerek Jakubcek, an E3C Europol officer explained his view on Monero with an example.
The cybercriminals have used a combination of Tor and Monero to hide the money. Europol explained that they could easily trace back any Bitcoin crime on the blockchain. However, their efforts have come to a dead-end with Monero blockchain.
“Once funds are moved to Monero – regardless of by which means this happens, criminal investigations tend to hit a wall. “
While this feature might be positive, it will also pose significant hurdles from the regulators in the future.
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