Monero
Why Monero is down 1.4% in the last hour
Analysis
Monero (XMR) slipped 1.4% over the past hour as traders digested comments from Cardano founder Charles Hoskinson indicating that Cardano’s Midnight privacy-focused initiative “won’t chase” Monero and ZCash users. The CoinDesk report may have reduced expectations of near-term ecosystem-driven attention or competitive pressure around privacy coins, contributing to modest selling in XMR.
Contributing Factors (1)
Cardano founder Charles Hoskinson says Midnight won't chase Monero, ZCash users
Midnight will target "billions who don't know they need privacy" rather than privacy maxis as mainnet launch nears in March, he said.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.