this post was submitted on 06 Aug 2024
9 points (71.4% liked)

Monero

1555 readers
36 users here now

This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

GitHub

StackExchange

Twitter

Wallets

Desktop (CLI, GUI)

Desktop (Feather)

Mac & Linux (Cake Wallet)

Web (MyMonero)

Android (Monerujo)

Android (MyMonero)

Android (Cake Wallet) / (Monero.com)

Android (Stack Wallet)

iOS (MyMonero)

iOS (Cake Wallet) / (Monero.com)

iOS (Stack Wallet)

iOS (Edge Wallet)

Instance tags for discoverability:

Monero, XMR, crypto, cryptocurrency

founded 1 year ago
MODERATORS
 

Today Monero is listed as a front-page trending coin on Coinmarketcap

But it isn't rising that much ($148.81 from the low of $137), it's just that it didn't collapse with coins primarily traded on centralized exchanges. Monero's attitude of "use it" over hodl & leverage keeps it stable.

And special to this situation, as I've written about earlier, this entire collapse is triggered by Japanese yen carry trades. Monero's history of being banned from the Japanese exchanges, makes it so that very few people long XMR/JPY on leverage

https://simplifiedprivacy.com/Monero-Japenese-Yen/index.html

you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 2 points 1 month ago (4 children)

It's still crazy to me that proton picked btc instead of monero for their wallet. It should've either been xmr only, or xmr + btc, like cakewallet does

[โ€“] [email protected] 4 points 1 month ago

It's because the Khazarian bankers are behind Proton, as deep state as it gets.

load more comments (3 replies)