Monero
Why Monero is up 1.0% in the last hour
Analysis
Monero (XMR) rose about 1.0% over the past hour despite broader pressure highlighted in a Decrypt report noting privacy coins had been sliding, with Monero and Zcash among the leaders in losses. The short-term uptick likely reflects a modest bounce after that weakness rather than a new positive catalyst, since the referenced coverage frames the category as under selling pressure.
Contributing Factors (1)
Privacy Coins Slide as Monero, Zcash Lead Losses
The top two privacy coins are underperforming both their category and the broader crypto market amid the ongoing slump.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.