Monero ($XMR) Crypto Forecast: Up 5.1% Today

What is Monero?

Monero (XMR) is a privacy-focused cryptocurrency known for its secure, untraceable transactions. The overall cryptocurrency market has been showing bullish momentum recently.

Why is Monero going up?

XMR crypto is up 5.1% on Jan 14, 2025 9:16

• Monero (XMR) price is experiencing a strong bullish movement, with potential for double-digit gains.
• The support around its ascending trendline has helped boost investor confidence in XMR.
• The overall positive sentiment in the cryptocurrency market is likely contributing to the bullish momentum of Monero.
• Traders and investors are optimistic about the future potential of Monero, driving the price higher.

XMR Price Chart

XMR Technical Analysis

XMR News

Monero Price Forecast: XMR bulls remain strong, eyes double-digit gains

Monero (XMR) price trades in green around $204.92 on Tuesday after finding support around its ascending trendline the previous day.

https://www.fxstreet.com/cryptocurrencies/news/monero-price-forecast-xmr-bulls-remain-strong-eyes-double-digit-gains-202501140540

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Monero Price History

20.11.2024 - XMR Crypto was down 6.9%

• A recent decision to delist 5 privacy coins, including XMR, has created uncertainty and negative sentiment in the market.
• The delisting news could have led to concerns among investors about the future regulatory landscape for privacy-focused cryptocurrencies like Monero.
• The bearish movement in XMR may be a result of market participants reacting to the potential impact of reduced liquidity and accessibility following the delisting announcement.
• Traders are likely adjusting their positions and risk exposure in response to the evolving regulatory environment surrounding privacy coins, contributing to the downward pressure on XMR's price.

10.11.2024 - XMR Crypto was down 5.9%

• Monero (XMR) had a strong bearish movement today despite being a top performer in the past 24 hours, indicating a significant shift in market sentiment.
• The surge in Monero's price due to the benefit from the Tornado Cash decision might have been short-lived, leading to profit-taking and subsequent bearish movement.
• The crash of Haven Protocol Token (XHV) after a mint exploit could have negatively impacted the overall sentiment towards privacy coins like Monero, contributing to its bearish movement.
• The focus on store-of-value coins stealing the spotlight in the crypto market could have diverted attention away from privacy coins like Monero, leading to a decrease in demand and subsequent price drop.

31.11.2024 - XMR Crypto was up 5.2%

• XMR experienced a strong bullish movement today as investors seek out privacy-focused assets amidst increasing concerns about digital privacy.
• The emphasizing of privacy in discussions around the crypto space may have sparked renewed interest in XMR as investors look for ways to protect their online transactions.
• The focus on privacy aligns with XMR's core value proposition, potentially driving up demand for the token and leading to its bullish movement today.

13.11.2024 - XMR Crypto was up 5.6%

• XMR showed a strong bullish movement, surpassing the performance of other altcoins.
• The increase in privacy coins like XMR may be due to a rising demand for anonymity and security in transactions.
• The security issues and declines in other privacy coins like Haven Protocol (XHV) could have shifted investor focus towards more established choices such as Monero.
• The general positive outlook on privacy coins during a period of sideways market movement likely contributed to the upward trend of XMR.

14.00.2025 - XMR Crypto was up 5.1%

• Monero (XMR) price is experiencing a strong bullish movement, with potential for double-digit gains.
• The support around its ascending trendline has helped boost investor confidence in XMR.
• The overall positive sentiment in the cryptocurrency market is likely contributing to the bullish momentum of Monero.
• Traders and investors are optimistic about the future potential of Monero, driving the price higher.

11.11.2024 - XMR Crypto was up 5.7%

• Monero (XMR) demonstrated a notable uptrend, surpassing other alternative cryptocurrencies.
• Recent security issues and downturns within Haven Protocol (XHV) might have prompted investors to consider more reliable and secure alternatives such as Monero.
• The positive outlook on privacy-focused coins, as discussed in recent insights about the future of this sector, likely influenced Monero's uptrend.
• With the burgeoning interest in store-of-value digital assets, Monero's emphasis on privacy may have attracted investors seeking a secure and stable long-term asset.

11.11.2024 - XMR Crypto was up 15.7%

• Monero (XMR) experienced a strong bullish movement, outperforming other altcoins in the market.
• The surge in privacy coins like XMR could be attributed to growing concerns about data privacy and increased demand for anonymous transactions.
• The security breaches and crashes faced by Haven Protocol (XHV) might have redirected investor interest towards more established privacy coins like Monero, contributing to its bullish momentum.
• The focus on the future of privacy coins could have also generated positive sentiment and attention towards projects like Monero, further fueling its upward trajectory.

08.11.2024 - XMR Crypto was up 5.3%

• Monero's bullish movement can be attributed to the positive sentiment surrounding privacy coins in the market.
• The decision regarding Tornado Cash, a privacy-focused Ethereum mixer, may have indirectly boosted Monero's price as investors seek alternative privacy solutions.
• The surge in Monero's price to a two-year high indicates a growing demand for privacy coins, especially in the current environment of increased regulatory scrutiny and data privacy concerns.
• As store-of-value coins gain prominence in the crypto space, Monero's unique value proposition as a privacy coin seems to have captured the attention of investors, leading to its impressive price surge.

09.11.2024 - XMR Crypto was down 5.0%

• Despite being a top performer recently, Monero (XMR) experienced a bearish movement today.
• The surge in Monero's price due to the benefit from the Tornado Cash decision might have led to profit-taking by investors, causing the bearish movement.
• The overall focus on store-of-value coins and the privacy coin frenzy could have also contributed to increased volatility in the market, impacting Monero's price negatively today.

06.11.2024 - XMR Crypto was up 5.2%

• Monero's price surged to a two-year high of $211, benefiting from the overall frenzy around privacy coins like Tornado Cash.
• The decision by Tornado Cash likely boosted Monero's appeal as investors sought increased anonymity in their transactions.
• With Bitcoin failing to break the $100,000 mark, attention shifted to altcoins like Monero, XRP, and DASH, leading to their emergence as top gainers in the market.
• The surge in Monero's price reflects a growing demand for privacy-focused cryptocurrencies amidst a broader market trend towards altcoins.

16.11.2024 - XMR Crypto was down 5.3%

• XMR experienced a bearish movement driven by increased interest in privacy coins like Verge (XVG) and Zcash (ZEC).
• Other privacy coins' strong performance possibly shifted focus away from XMR, causing its value to decline.
• Recent security issues faced by Haven Protocol (XHV) may have created doubts about the security and reliability of privacy-focused cryptocurrencies, impacting XMR negatively.
• Despite the recent bearish trend, the privacy coin market appears active and expanding, suggesting potential for XMR to recover in the future.

25.11.2024 - XMR Crypto was up 5.1%

• Monero (XMR) experienced a strong bullish movement likely due to increased interest in privacy coins following the potential delisting of 5 privacy coins on Gate.io exchange.
• The surge in Monero could also be attributed to whales entering the market, seeking promising opportunities in the cryptocurrency space.
• The convergence of these factors contributed to a rally in Monero's price as investors explored alternative privacy-focused cryptocurrencies amid evolving regulations for these assets.