You probably wonder why your friends HODLing Monero (XMR) have been suspiciously joyous in the last seven days. Well, you should know that the seven days were marked with significant growth for the XMR token. At the time of press, a bullish divergence was spotted on the price charts indicating that the bull run has only just begun.

As a privacy-focused cryptocurrency, Monero (XMR) through its cryptographic technologies allows its users to execute anonymous transactions. This guarantees privacy for all transactions executed through the XMR token.

What do we know about the performance of this private and decentralized cryptocurrency in the last seven days?

It’s XMR’s time to shine

At $172.77 at the time of press, the token witnessed noteworthy growth in the last week. Recording an intraday high of $180 on 21 May, the token appeared to be marking highs in new territories. In the last week, the price per XMR token grew by 13%. Although 67% shy of its ATH of $517, the token appears to be poised for a bullish run.

A consideration of the price charts indicated increased buying pressure for the token on 20 and 21 May, hence the bullish trend. The MACD was…

Monero (XMR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Digital Money has advanced 8.24% to $175.93.

Moderately Volatile

InvestorsObserver gives Monero a moderate volatility rank of 36, placing it in the bottom 36% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won’t define its volatility rank – a trend will.

XMR’s moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Monero price is trading above resistance. With support around $152.81 and resistance set at $170.81. This leaves Monero out of range and potentially in a volatile position if the rally burns out.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary…

19 days and counting down until #Monero‘s #TailEmission kicks in!

You can watch the countdown here:https://t.co/JDMnFCcYI3

And dive into our previous thread on the tail emission below if you’d like to learn more: https://t.co/duHOqB1qCZ— Monero (XMR) (@monero) May 20, 2022

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It is a common misconception that you should only invest in the OG cryptos as they are the ones that will give you a better shot at good profits. This is a mistake that most new traders make when they first enter the industry. They only see Bitcoin and Ethereum and choose to ignore the rest of the cryptos, which stand a much better chance at seeing your investment multiply in value. Since Bitcoin and Ethereum are traded by Wall Street traders, long gone are the days of seeing either of these go up more than 25% in a day.

The best decision you could make is to invest in a crypto that is still in its early stages. This way, you get to enter the market at an insanely low rate, giving you a greater chance of getting higher returns. Some rising stars in crypto today include Monero (XMR), ApeCoin (APE), and Chronoly (CRNO) which has enjoyed early success and is still in its presale phase 1.

1: Monero (XMR)

Monero (XMR) is an untraceable cryptocurrency that is highly secure. This fully accessible cryptocurrency was developed…

The crypto market seems to be constantly growing due to the regular influx of new coins. It makes it difficult for most investors and crypto enthusiasts to decide which cryptocurrency they want to invest in. 

However, with the advent of these coins, unique and fascinating features have attracted the public’s attention. Monero (XMR) and Cardano (ADA) are leading the crypto industry and are paving the way, offering the most innovative features, including anonymity, security, and multi-layered architecture. These coins have proven to be excellent and reliable investments.

Besides them, new DeFi tokens are also capable of disrupting the crypto market, and Quitriam Finance (QTM) is one of them. It is designed to create a robust ecosystem that will revolutionize the crypto industry. Let’s dig deep into these cryptocurrencies to find out more about them. 

Cardano (ADA)
The Cardano (ADA) platform is made for changemakers, inventors, and dreamers. In order to promote global innovation and market improvement, it has invested heavily in the research and development of scalable, secure, and efficient decentralized networks. 

With a market capitalization of more than $18 billion, it ranks…

In times of uncertainty and bear markets, it is natural to be more worried about your investments. How can you reduce the overall risk of your investments? A diversification strategy is commonly adopted by many experienced investors for most of their asset holdings.

How to diversify your crypto portfolio?

Risk management is crucial while building a cryptocurrency portfolio in this rapidly expanding and dynamic industry. Diversifying your digital asset investments will help you to profit from the overall crypto market development.

Diversification by use cases of different cryptocurrencies is one of the popular approaches suggested by crypto experts. While this method takes time, effort, and research, it is important to know which cryptocurrencies you are buying.

Understanding the purpose of why a certain crypto project was created will help you to assess its fundamental value and how it could perform, and develop in the future. 3 cryptocurrencies with different use cases and worth considering for your portfolio diversification are: the newcomer Pac-man Frog (PAC) and established cryptos Monero (XMR) and Aave (AAVE).

Pac-Man Frog (PAC) set to focus on GameFi development

New and…

p2pool hit 1500 active miners yesterday!

p2pool are decentralized sidechains that allow people to mine Monero without relying on a centralized pool, while gaining most of the benefits! Support #Monero by mining with #p2pool today! No more pool fees 😎https://t.co/T6z8SqwCx2— Monero (XMR) (@monero) May 18, 2022

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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice

USDt Dominance, which is a metric for the dominance of Tether in the crypto market, has fallen from 7.12% to 6.18% at press time. The implication of this development is that market participants have moved out of holding USDt and likely have deployed it in the crypto markets. However, with Bitcoin unable to climb past the $30.8k mark in the past few days, can Monero see a rejection at the $175 resistance level?

XMR- 2 Hour Chart

On the two-hour chart, the price formed a rising wedge pattern (white). It is generally a bearish pattern, and the uptrend of the past few days could be reversed quickly on a bearish breakout. It is likely that a session close beneath the pattern would see XMR swiftly descend to the $135-$145 area.

Moreover, the prior trend for XMR has been bearish, when the price fell beneath the $278 mark in the last week of April and continued to descend. The price has also struggled to close a session above $175, adding further credence to the idea of a drop toward the $145 support.

Rationale

Source:…

Both coins have different use cases and are backed by a few known industry tycoons. But, the investors are always seeking to diversify their investing portfolio as the cryptocurrency industry is very volatile, and no one knows what will happen next. Chronoly (CRNO) is the project that has gained interest from some of the tycoons and they are growing fast! Let’s talk about each one of them and analyze why Chronoly (CRNO) will likely be more successful than Solana (SOL) and Monero (XMR).

Solana (SOL)

Solana (SOL) has been a top performer in 2021, rising up the ranks of altcoins to become the world’s eight largest cryptocurrency. According to coinmarketcap, the SOL has a market cap of $18.2 billion, and its increasing investment community is eager to see how Solana (SOL)’s technology compares to market leaders like Bitcoin (BTC) and Ethereum (ETH). Even though cryptocurrency is a relative newcomer to the market, investing in Solana (SOL) has been gaining traction, despite its severe volatility. However, many crypto traders are still worried about Solana’s winning run as the price…