Why Monero price remain stable during both market downturns and

Question

Why Monero price remain stable during both market downturns and

bull runs?

Monero doesn’t always follow the typical market trends, and there are a few reasons for that. Since it’s been delisted from many major exchanges, there’s less speculative trading around it. This means it doesn’t see the same spikes and dips driven by market hype or panic.

Another key factor is its privacy focus, which attracts a dedicated user base that values anonymity over short-term profits. Even during market crashes, there’s steady demand for Monero’s privacy features, which helps keep its price more stable.

Additionally, with fewer exchanges listing Monero, it’s not as exposed to sudden buying or selling trends that affect many other coins during bull runs or sell-offs. This limited access helps prevent dramatic price changes, making Monero's price movements less dependent on the overall market.

#cryptocurrency #english #xmr

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21.09.2024

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fridgemidget · Accepted Answer

fridgemidget

not to mention it is actually used as a currency with constant buy and sell pressure at an equilibrium. its price is an ACTUAL reflection of its value. when the users grow so will the price. no pump and dump here.

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2 месяца назад

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Why Monero price remain stable during both market downturns and

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