Monero
Why Monero is up 7.4% today
Analysis
Monero (XMR) rose 7.4% over the past 24 hours after CoinDesk reported that Cardano founder Charles Hoskinson said the upcoming Midnight protocol “won’t chase” Monero and ZCash users. The comments likely reduced perceived competitive pressure on established privacy coins, supporting a positive move 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
High confidence in the explanation based on source reliability and timing.