Monero
Why Monero is up 1.1% in the last hour
Analysis
Monero (XMR) rose 1.1% over the past hour as renewed discussion around privacy-focused crypto drew attention back to established privacy coins. BeInCrypto highlighted Sui’s new “Confidential Transfers” as a way to hide transaction amounts “without going full Monero,” explicitly referencing Monero’s privacy model and potentially boosting near-term interest in XMR.
Contributing Factors (1)
Sui Confidential Transfers Hide Amounts Without Going Full Monero
Sui confidential transfers hide balances and amounts onchain while keeping senders, receivers, and auditors visible, unlike Monero. The post Sui Confidential Transfers Hide Amounts Without Going Full...
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.