Post
Topic
Board Altcoin Discussion
Re: XMR Zcash and other private coins are getting delisted from binance
by
The Sceptical Chymist
on 11/02/2024, 08:14:55 UTC
It went as low as 100 bucks recently. ($100.4 is the lowest for now)
Oh wow!  I'd checked the price of XMR a month or two ago, and it was holding steady at something like $140 or so while the rest of the altcoin market was experiencing some major pain.  Seeing it now at $119.41 (at the time I write this) is a bit of a shock. 

Not surprising Binance delisted it, but the Monero community and Monero owners in general seem to have strong hands when it comes to market turmoil or even events like exchange delisting--and this major drop is what surprises me.  Still, I doubt it's going to stay as low as it is and I don't think it's going to drop below $100 (though I certainly could be wrong). 

Having said all that, I don't know how many real use cases there are for XMR.  Dark web?  Don't know, but I thought bitcoin was still used there.  What I do know is that payment processors that take coins other than bitcoin pretty much never accept it.  It's a great privacy coin, and it really is a shame merchants don't (or most likely can't) accept it.