XMR all time high was 6 years ago at $542. The current price is $172. Regulatory pressures by governments caused mass delistings of XMR. It’s cooked, it has no future for mass adoption. It may never reach another all tike high due to the restrictions around it. It’s an awful store of value.
Ahh the same FUD as in 2010 for Bitcoin
That "awful store of value" has been better for last 6 months than Bitcoin and it's much more stable than Bitcoin in it's entire existence.
The 7-week price history is literally irrelevant; There is a reason Monero is viewed as a stable currency, almost equivalent to stablecoins, and its because the price hardly shoots up or down.
You should not be buying Monero expecting it to go to the moon or something.
You should not be buying Monero expecting it to go to the moon or something.
It is 7 days, not weeks and it's been that way for last 6 months.
You GENIUSES stop posting this picture in every quote because it speaks volumes about your IQ level.
How about BTC has doubled in value vs $ in the last 12 months and up more then 20% YTD
It's the end of the summer in North America, a lot of people are heading back to work and are selling a bit of BTC to cover their summer vacations and what not.
Same reason there is usually a January drop (paying off the holidays)
April drop (US taxes are due)
and so on.
-Dave