Monero
Why Monero is down 1.1% in the last hour
Analysis
Monero (XMR) slipped 1.1% over the past hour despite a generally positive headline, suggesting the market didn’t treat the news as an immediate price catalyst. U.Today reported that Cardano founder Charles Hoskinson praised a “massive” Monero protocol upgrade that’s been years in the making, but the short-term dip indicates traders may be waiting for clearer details or timelines before repricing XMR.
Contributing Factors (1)
Cardano Founder Praises 'Massive' Monero Upgrade Years in Making
The Cardano founder expressed his admiration for the Monero team for relentlessly building all these years towards the upgrade.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.