Monero
Why Monero is down 1.0% in the last hour
Analysis
Monero (XMR) slipped about 1.0% over the past hour as traders digested comments from Cardano founder Charles Hoskinson that the upcoming Midnight protocol “won’t chase” Monero and ZCash users, per CoinDesk. That framing may have reduced near-term speculation around privacy-coin ecosystem shifts or competitive catalysts tied to Midnight, contributing to mild 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.