Monero (XMR-USD) Cryptocurrency is currently on bullish momentum by 41.86% in the last 24 hours. At 09:31 EST on Thursday, 20 May, Monero (XMR-USD) is at $260.02.
Social Status
Currently, Monero (XMR-USD) has 414323 Twitter followers and 219948 Reddit subscribers.
As of now, on Github, there are 3044 forks, 5849 stars, and 488 subscribers.
Volatility
Monero’s last week, last month’s, and last quarter’s current volatility was a negative 7.65%, a negative 0.88%, and a positive 4.32%, respectively.
Monero’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 10.54% (last week), 6.41% (last month), and 4.32% (last quarter), respectively.
Crypto Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Monero’s crypto is considered to be overbought (>=80).
News about Bitcoin
Elon Musk keeps trolling the Bitcoin purists. According to Bloomberg Quint on Monday, 17 May, “Whatever qualms regular corporate treasurers had over sticking Bitcoin on their balance sheet had been drowned out by the tech influencers promising to keep buying – including Musk, who threw $1.5 billion at crypto back in February.”, “Musk’s trolling keeps undermining the insistence of true Bitcoin believers that their favorite token is bigger than any individual, and that the recent price boom is based on solid fundamentals. “
Bitcoin fluctuates around $40,000 as musk-fueled rally collapses. According to Bloomberg Quint on Wednesday, 19 May, “In addition to testing its 200-day moving average, other indicators — like a bearish head and shoulders pattern in Bitcoin futures — may also give backers cause for worry.”, “Tesla would suspend car purchases using the token, he announced, calling recent energy-consumption trends “insane.” Over the weekend, after insinuating his EV company might have sold its Bitcoin holdings, he sent out tweets clarifying that it hadn’t. “
Bitcoin nurses losses as musk’s spats on twitter whipsaw token. According to Bloomberg Quint on Monday, 17 May, “Responding to another thread criticizing his Bitcoin stance, Musk said: “Obnoxious threads like this make me want to go all in on Doge.”, “Musk’s disclosure in early February that Tesla had invested $1.5 billion in corporate cash to buy Bitcoin sent the token’s price to a record and lent legitimacy to virtual currencies, which have come closer to being a more mainstream asset in recent months despite lingering skepticism.”
Bitcoin erases all gains since Elon Musk’s initial big embrace. According to Bloomberg Quint on Wednesday, 19 May, “Fueling the volatility is Tesla CEO Musk himself, who surprised crypto advocates last week with an announcement that the company would no longer accept Bitcoin as payment. “, “The mood music grew darker over the weekend, with Bitcoin dropping about 15% as Musk doubled-down on his criticism of the cryptocurrency’s environmental load.”
The big difference between Bitcoin and myspace. According to Bloomberg Quint on Monday, 17 May, “Maybe a better Bitcoin could do more stuff, like make it easier to write smart contracts or launch side tokens that ride upon the core blockchain’s security.”, “And now my co-host Tracy Alloway has written about how Bitcoin could be the next AOL or MySpace. “
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