XMR (Monero) 24-hour pump 0.69%

Gate News Bot news, July 17, according to CoinMarketCap, as of the time of writing, XMR (Monero) is currently priced at $334.24, with a 0.69% pump in the last 24 hours, reaching a high of $356.87 and a low of $321.04, with a volume of $127 million in the last 24 hours. The current market capitalization is approximately $6.166 billion, an increase of $42.5 million compared to yesterday. Currently, XMR ranks 23rd in the Crypto Assets market capitalization leaderboard.

Monero is a private, decentralized Crypto Asset dedicated to protecting the confidentiality and security of users' finances. It offers secure, private, and untraceable transaction features. Monero has an active developer community that continuously improves its privacy technologies and usability. Users can download wallets from the official website, purchase XMR on major exchanges, and use it to pay for goods and services.

Recent important news about XMR:

1️⃣ XMR market capitalization jumps to the top 25 of Crypto Assets rankings The market capitalization of Monero has recently surpassed Litecoin and TON, successfully entering the top 25 of the Crypto Assets market capitalization rankings. This breakthrough reflects investors' ongoing interest in privacy coins and Monero's leading position in privacy protection technology.

2️⃣ XMR/BTC price chart shows potential bullish signals Technical analysis shows that the price chart of XMR against Bitcoin has displayed potential bullish signals. This technical indicator may suggest a strong performance of Monero relative to Bitcoin, attracting more traders' attention.

3️⃣ Monero futures open interest surges Despite the fact that the price of XMR has fallen by nearly $100 in three days, the number of open contracts for Monero futures has seen a significant rise. This phenomenon indicates that, despite short-term price fluctuations, traders remain optimistic about the long-term prospects of XMR and may be buying on the dips.

From a technical perspective, the XMR price has experienced significant fluctuations recently but remains above the key support level of $300. On the fundamental side, Monero continues to focus on improving its privacy technology, which may be an important factor supporting its market performance.

This message is not an investment advice; investors should be aware of market volatility risks.