Monero
Why Monero is up 1.3% in the last hour
Analysis
Monero (XMR) rose about 1.3% over the past hour as privacy-coin sentiment got a modest boost from commentary suggesting reduced competitive pressure. CoinDesk reported that Cardano founder Charles Hoskinson said the upcoming Midnight protocol “won’t chase Monero, ZCash users,” which may have been read as a sign that Midnight isn’t directly targeting XMR’s core user base in the near term.
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
High confidence in the explanation based on source reliability and timing.