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Can Monero’s (XMR) Social Activity Hike Keep the Price Soaring?

Published 21/08/2023, 12:45
Can Monero’s (XMR) Social Activity Hike Keep the Price Soaring?
XMR/USD
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  • XMR’s social activity topped all other altcoins, and its price also increased.

  • The AO formed higher highs and rose into the positive region, this could take XMR to $150.

  • With the CMF at 0.06, XMR may present a buying opportunity between $143 to $145.

Monero (XMR), known for its strong emphasis on privacy and anonymity, has captured the attention of market participants for its increasing presence in social discussions. Social media platforms have become a significant driver of market sentiment and price movements for various cryptocurrencies, and Monero is no exception.

Interestingly, as discussions around privacy and decentralized finance soared, XMR became a subject of interest on August 20, as it got named “coin of the day.”

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