Privacy-Focused Crypto Defies Market Weakness With 3% Spike, Outperforming Bitcoin, Ethereum
What Happened: The rise can be attributed to BitMart listing Monero on its platform on Dec. 30, 2022.
Monero offers peer-to-peer currency transactions that are secret, anonymous and untraceable.
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Data from LunarCrush shows that social engagements on Monero have increased over 128% in the past 24 hours, indicating bullish sentiment.
Monero is trading above resistance at $152.24, according to Investors Observer. With key support at $148.09, Monero is in a potentially volatile position if the rally slows or stalls.
According to Coinmarketcap, Monero’s total market volume is up 13.16% at $236 million, since Thursday.
Price Action: At the time of writing, ETH was trading at $1,253, down 0.11%. BTC at $16,836 down 0.08% in the last 24 hours.