tl;dr
Monero (XMR) experienced a surge in price after Binance announced its delisting, although it hasn't fully recovered from its losses. Binance cited low trading volume and liquidity, as well as evidence of unethical or fraudulent conduct, as reasons for delisting XMR. As the biggest privacy coin, XMR ...
Monero (XMR) surged after Binance announced it would delist the coin
The current price of XMR is $130.54, up more than 23% in the past day. However, over a seven-day period, XMR is still down 21% and has lost nearly 15% of its value in 30 days. Binance cited low trading volume and liquidity, as well as evidence of unethical or fraudulent conduct, as reasons for delisting XMR.
As the biggest privacy coin with a market cap of $2.3 billion, XMR uses cryptographic techniques to obscure transaction details, making it different from major digital assets like Bitcoin and Ethereum. Law enforcement agencies are trying to figure out how to track privacy coins like XMR, with the IRS offering a reward for anyone able to break its privacy.
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