Monero
Why Monero is up 4.2% today
Analysis
Monero (XMR) rose 4.2% over the past 24 hours likely after renewed attention on its long-anticipated protocol upgrade, which was highlighted in recent coverage. U.Today reported that Cardano founder Charles Hoskinson praised the “massive” Monero upgrade that has been years in the making, a narrative that can bolster market sentiment around XMR’s development progress and upcoming improvements.
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
High confidence in the explanation based on source reliability and timing.