this post was submitted on 03 Dec 2024

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Monero

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Monero price increase (jlai.lu)

submitted 2 months ago by azalty@jlai.lu to c/monero@monero.town

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Any reason why it happens now instead of when all the major cryptos went up?

I don’t understand the market 😵, just seems like trading bots doing their thing

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[–] azalty@jlai.lu 1 points 2 months ago (1 children)

Then it doesn’t explain why the price went up at all

A lot of cryptos increase at the same time

[–] DieserTypMatthias@lemmy.ml 1 points 2 months ago

Monero generally goes up when something good happens. It goes down when things go south for it (e.g. Chainalysis found a way to crack it/Kraken delisting it in the EEA)