Monero
Why Monero is down 1.2% in the last hour
Analysis
Monero (XMR) slipped 1.2% over the past hour, likely pressured by negative sentiment tied to a privacy-security narrative. U.Today reported a researcher’s claim that quantum computing could break the privacy of coins like Monero and Zcash, which can weigh on near-term demand as traders react to perceived long-term risk.
Contributing Factors (1)
Quantum Computing Can Break Zcash and Monero Privacy, Researcher Says
Justin Bons believes that Zcash and Monero can be cracked with quantum computers in the future.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.