XMR (Monero) fell 3.46% in the last 24 hours.

Gate News Bot news, on October 30th, according to CoinMarketCap data, as of the time of writing, XMR (Monero) is currently priced at $328.48, falling 3.46% in the last 24 hours, with a high of $351.69 and a low of $322.10, and a 24-hour volume of $173 million. The current market capitalization is approximately $6.059 billion, a decrease of $217 million compared to yesterday. Currently ranked 21st.

Monero is a private, decentralized cryptocurrency that protects users' financial privacy and security. Monero offers multi-platform wallets, allowing users to easily use and store XMR. Users can exchange fiat currency for XMR through exchanges, and can also use XMR to pay for goods and services. The Monero community also provides a wealth of guides and resources, including user guides, developer guides, and research labs.

Important news about XMR recently:

1️⃣ Large-scale Bitcoin hacking incident may affect Monero price Recently, a hacking incident involving $330 million worth of Bitcoin has attracted market attention. Some analysts believe that the hackers may have intentionally driven up the price of Monero to gain additional profits. This incident could lead to abnormal fluctuations in Monero in the short term, and investors need to remain vigilant.

2️⃣ Monero price prediction shows long-term bullish Despite the short-term fall in XMR prices, long-term forecasts remain optimistic. Analysts point out that Monero, as a major privacy coin, may see future price increases driven by its technological advantages and market demand. However, the specific increase and timing still carry uncertainty.

3️⃣ Privacy capabilities continue to be a focus The core advantage of Monero lies in its strong privacy protection capabilities. As users increasingly emphasize financial privacy, this feature of Monero may attract more investors and users, potentially driving its long-term development.

From a technical perspective, XMR is currently in a falling trend and may continue to face downward pressure in the short term. Investors should closely monitor key support levels while being alert to potential rebound opportunities.

This message is not intended as investment advice; investors should be aware of market volatility risks.