Monero
Why Monero is down 4.0% today
Analysis
Monero (XMR) fell about 4.0% over the past 24 hours as privacy-coin sentiment softened following comments from Cardano founder Charles Hoskinson that its upcoming Midnight protocol “won’t chase” Monero or Zcash users, signaling less near-term competitive pressure or user migration dynamics than some market participants may have anticipated. The remarks likely reduced speculative interest tied to broader privacy-tech narratives and contributed to selling pressure 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.