In a recent interview with Rice Crypto [a popular channel on YouTube with special emphasis towards cryptocurrencies], Riccardo Spagni aka “Fluffypony” talked about the need for privacy for those who use cryptocurrencies to make transactions.
He also mentioned Tari, which “is a decentralised assets protocol that is going to be built on top of Monero”. Project Coral Reef is an initiative which allows XMR transactions in “50 great online stores” as the description on the official site reads.
GUI 0.14.1.2 is soon to be released. To know more about the update Ledger Monero Application, head to this page.
The Ichimoku cloud from tradingview points to the lagging span dipping below the price [signifying a downtrend] after June 19th. Surely enough, following the achievement of reaching a high at $121, the price of XMR started falling till it found support near the $83 level.
Due to the Leading Span A being above Leading Span B, the cloud was green which points to a uptrend, but it is not strong [due to the lagging span sinking]. The RSI [for 10 periods] is now at 52.60 which is neutral. XMR had not entered the oversold region during the past few months, although the RSI was above 70 from 20th to 24th June, during which the price had risen sharply. For now, the Relative Strength Index seems to be heading upwards.
If you observe closely, you can observe the bullish divergence present following the passage of 15th July. As of now, XMR must head beyond the barrier near $87.7 in order to profit, which will indicate that the buyers are back in action.
The DefCon27 Workgroup Meeting is scheduled to occur on August 3rd at 16:00 UTC. Monero is ranked at #13 beneath TRON on coinmarketcap. The price of XMR soared by a whopping 4.14% which makes it one of the biggest gainers [among the top 10 altcoins]. The trading volume recorded is $90.020, while the supply has 17,131,983 XMR tokens in play. The total market cap of Monero is $1.433 billion.