Tag: Monero

Monero Price Analysis for December, 6th – XMR Became Less Volatile

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex After visible fluctuations in the middle of this week, Monero exchange rate reached stability by Friday close to 54.13 USD. From the technical point of view, on H4 Monero is moving inside the descending channel, thus continuing the formation of descending tendency. At the same time, one should note that after the price updated its lows and there was a convergence on MACD, …
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Monero Developers Complete the RandomX Upgrade

The Monero developers have successfully completed another network upgrade. This particular update is of keen interest, as it effectively introduces RandomX as a new algorithm. Some crypto enthusiasts may recall how the Monero community was funding a new project. Monero Keeps Forging Ahead The money would be used to have an independent of the RandomX protocol take place and collect valuable feedback from it. It now appears that process has …
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LINK, LEO, and XMR Price Analysis and Prediction: Intraday Cryptocurrencies Gains Wiped Out

Cryptocurrency markets have been struggling this week as most coins went down over 5% in the past 24 hours alone. Let’s take a look at some of our favorite cryptocurrencies – LINK, LEO and XMR – and see if the charts can tell us when the bloodbath will be over. Chainlink Price Analysis (LINK/USD) LINK/USD pair is today on a sideways trend. LINK/USD pair began the session trading at $2.74 …
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What is RandomX and how Would it Affect Monero?

Mining cryptocurrencies can be done through a wide range of hardware. Some coins require ASICs, whereas others are still compatible with CPU and GPU mining. Monero, a privacy coin known for opposing ASICs as long as possible, is looking for new solutions in this regard. The RandomX proof-of-work algorithm was proposed some time ago, but what does it entail exactly?  Exploring RandomX Opposing cryptocurrency mining ASIC equipment is no easy …
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