Monero
Why Monero is up 1.1% in the last hour
Analysis
Monero (XMR) rose 1.1% over the past hour amid broader attention on large-cap altcoins following a sharp move in Stellar (XLM). U.Today reported XLM surged about 50% and flipped Monero in ranking as an β$114 trillion asset managerβ expanded on Stellar, which likely contributed to near-term rotation and spillover trading activity impacting XMR as well.
Contributing Factors (1)
Stellar (XLM) Jumps 50% to Flip Monero as $114 Trillion Asset Manager Expands on Stellar
Stellar overtakes Monero (XMR) amid massive XLM rally tied to Wall Street interest.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.