Monero ($XMR) is a privacy-centric cryptocurrency facilitating untraceable and anonymous transactions.
Monero developers utilize cryptographic techniques that allow the blockchain network to ensure strong privacy protections by default. Various protocol changes have been made to the mining algorithm over the years to ensure the network remains decentralized. Additionally, new features are added every six months to avoid monopolization.
In this article, we’ll talk about the latest news on the Monero ($XMR) cryptocurrency.
Monero Listed on the PayBito Exchange
According to a recent press release by PayBito, a US-based crypto exchange, they have listed Monero. The exchange is known to upgrade its offerings, and the addition of XMR marks the latest in these upgrades. PayBito already supports other leading crypto coins like HCX, Ethereum, Bitcoin, Ripple, and Ethereum Classic. Besides XMR, the exchange added LEO and CRO to its listed crypto coins on the same day.
Commenting on the listing, PayBito CEO Raj Chowdhury noted that crypto traders remained courageous despite the current bear market conditions. He also noted that new traders were enthusiastic about joining the crypto market and trying out altcoins. Consequently, they decided to launch the new coins to ensure traders had diversity in their trading opportunities.
Google Bard AI Predicts Bright Future for Monero
When asked about the future of Monero XMR price, the Google Bard AI platform predicted a price of as high as $269.77 by 2030. Considering that the price of $XMR currently stands at $149.67, this is a major prediction. According to the AI prediction, some factors that would lead to this price increase are increased demand for privacy, mainstream adoption, and technological advancements by the Monero team.
Binance Plans to Delist $XMR in European Countries
One of the biggest challenges for Monero (XMR) has been delisting from Binance, the largest crypto exchange by volume, from several countries. $XMR and other privacy coins were delisted from Binance due to regulatory pressure.
Binance has continued to delist Monero and other privacy coins from several markets globally. In a recent announcement, Binance announced it would remove Monero from some of its European markets. The crypto exchange explained that the decision to delist was made due to regulatory pressure. However, its decision was not due to clear regulatory mandates. It is based on its internal interpretation of existing laws. However, these decisions are not always permanent. In the past, Binance has retracted its bans after further consultations.
$XMR Current Price Performance
Despite regulatory fear about the future of Monero on major exchanges, the privacy coin’s performance remains impressive. The current price of $XMR is $149.41, with a market cap of $2,740,264,816. Its 224-hour trading volume is $63,635,439. Most of the trading volume is on Binance, KuCoin, OKX, and Topcredit Int, which account for over $34 million.
Monero Future Looks Great
With a market cap of over $2.7 billion and a daily trading volume of over $63 million, Monero is one of the most popular privacy coins in the world. With growing concerns regarding online privacy and increased government surveillance, many people will continue to view $XMR favorably.
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