Today Monero is listed as a front-page trending coin on Coinmarketcap

But it isn’t rising that much ($148.81 from the low of $137), it’s just that it didn’t collapse with coins primarily traded on centralized exchanges. Monero’s attitude of “use it” over hodl & leverage keeps it stable.

And special to this situation, as I’ve written about earlier, this entire collapse is triggered by Japanese yen carry trades. Monero’s history of being banned from the Japanese exchanges, makes it so that very few people long XMR/JPY on leverage

https://simplifiedprivacy.com/Monero-Japenese-Yen/index.html

    • SummerBreezeOP
      link
      fedilink
      arrow-up
      2
      arrow-down
      2
      ·
      4 months ago

      It had less volatility over the period of time, as measured by the algo. It might help to read the actual information before mouthing off

      • delirious_owl@discuss.online
        link
        fedilink
        arrow-up
        4
        ·
        edit-2
        4 months ago

        I read it, I understand that. Which is why the image is so poorly suited for the article. That irony is why its funny.

        Don’t be so defensive.

    • joe8961
      link
      fedilink
      English
      arrow-up
      1
      ·
      4 months ago

      asking the real questions here any japanese person can say?

  • iiGxC@slrpnk.net
    link
    fedilink
    arrow-up
    4
    arrow-down
    2
    ·
    4 months ago

    It’s still crazy to me that proton picked btc instead of monero for their wallet. It should’ve either been xmr only, or xmr + btc, like cakewallet does

    • xmr_unlimited
      link
      fedilink
      English
      arrow-up
      6
      ·
      4 months ago

      Not suprised, look at tails. You’d think by now monero has proved itself. Everyones gutless except the monero devs.

    • gunnm
      link
      fedilink
      arrow-up
      6
      arrow-down
      1
      ·
      4 months ago

      They larp as a private company.

    • prancing389
      link
      fedilink
      arrow-up
      4
      ·
      4 months ago

      It’s because the Khazarian bankers are behind Proton, as deep state as it gets.

    • OWO_I_OWO@lemm.ee
      link
      fedilink
      arrow-up
      3
      ·
      4 months ago

      Cakewallet led me to scammers :( Blaming my own stupidity afterwards but still …