Post
Topic
Board Altcoin Discussion
Re: Why isn't the price of Monero (XMR) increasing?
by
passwordnow
on 24/11/2024, 22:18:46 UTC
It seems like this is one of the few alt-coins that has real value. Not only can it be used anonymously, it can be used to hide the origins of any cryptocurrency.
Its because the demand that it is getting are from the actual people that uses it. And most of the people now are in profit and they don't care about anonymity which is the main purpose of monero. So, that's the logic in there why its price doesn't move a lot. Add to it as well news like this[1].

[1] OKEx Korea delisting Monero, Dash privacy coins

People that are in profit don't want to get associated with it and instead of going with privacy coins, they are after the meme coins.