Monero
Why Monero is up 1.2% in the last hour
Analysis
Monero (XMR) rose 1.2% over the past hour, likely supported by renewed attention to its continued usage and demand despite exchange delistings. Cointelegraph reported that darknet markets are shifting toward XMR and that Monero use is holding up even amid delistings, which can be interpreted as a resilience signal for the asset’s utility and demand.
Contributing Factors (1)
Monero use holds despite delistings as darknet markets shift to XMR
TRM Labs says Monero usage remains above pre-2022 levels as darknet markets shift toward XMR, while unusual node behavior may offer investigators network-level clues.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.