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After a swell week, Monero {XMR} is back in the red zone; check out Daniel Kim’s talk at DEFCON 27


Monero is ranked at #10 to the north of Cardano and Stellar Lumens on coinmarketcap. The trading volume recorded is $72.280 million, while the supply has 17,202,485 XMR coins in play for now. As of this moment, the total market cap of Monero is $1.218 billion. XMR is priced at $70.86% after it plunged at a rate of 4.16% in the course of the past 24-hours.

Monero is one of the few altcoins which has performed well this year. The 4-hourly RSI is at 32.12 [according to data obtained from the chart linked to XMR/USD pair on tradingview]. Near the end of 9th September, the Awesome Oscillator peaks sunk underneath the zero line, and they have been brown ever since.

Resistance may hamper the growth of XMR beyond $85.411, and support lies close to the $69.223 mark. While other projects focus on scalability [IOTA], cross-border transfers [XRP and Stellar], and other areas; the highlight of Monero is the innate need of anonymity for all. This has led to it being shunned by numerous major exchanges [who are incorporating KYC/AML regulations].

A meetup is scheduled to occur in Johannesburg, South Africa a day later. However, do note that violence has erupted in this city and conflicts may still be ongoing. If you’re at a hotel or a resident, protect yourself at all time with a handy weapon. The venue selected is Tiger’s Milk. Good luck may lead to you winning the last copy of Mastering Monero.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.