One of the things that I've noticed about Monero is that it has been removed from a lot of big exchanges.
My guess is that some people want to have certainty that they will be able to go to any mainstream exchange in the future and exchange their crypto for other type of money.
Having Monero out of the big exchanges will probably not incentivize some of the big players, therefore reducing the potential price.
My guess is that some people want to have certainty that they will be able to go to any mainstream exchange in the future and exchange their crypto for other type of money.
Having Monero out of the big exchanges will probably not incentivize some of the big players, therefore reducing the potential price.
Without the support from big exchanges, XMR won't be "pumping" anytime soon. On the bright side, this will force the project to focus more on utility than hype. Why do you think "shitcoins" like Solana and BONK are "pumping" like crazy? It's all because of the hype.
For true believers of crypto/Blockchain tech (and freedom + privacy), Monero is the best choice. I think it's even better than Bitcoin. If all CEXs decide to de-list XMR, people can still trade it across DEXs and P2P exchanges. No one will be able to stop XMR as long as it remains decentralized and censorship-resistant. Hopefully, it will outlast many of the overhyped coins in the future.
