Monero
Why Monero is down 4.1% today
Analysis
Monero (XMR) fell 4.1% over the past 24 hours as attention and capital appeared to rotate toward Stellar (XLM), which surged about 50% and “flipped” Monero in market ranking. U.Today attributed XLM’s rally to news that a $114 trillion asset manager expanded on Stellar, which likely drew relative demand away from XMR in the same period.
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
Moderate confidence. Multiple factors may be contributing.