As Bitcoin hits new highs, attention turns to Monero to see if it can follow the uptrend. ChangeNOW reports that both BTC and XMR transaction volumes are increasing. According to a report by ChangeNOW, a no-registration crypto exchange platform favored by savvy investors and major market players, the increased transactions suggest that investors are hoarding these coins, which could point to future growth.
Bitcoin is up nearly 17% in a week, with bulls targeting new levels
Bitcoin price approaches the next threshold of $82,000. It has risen nearly 17% in the past week and is up more than 28% in the past month. The Relative Strength Index (RSI) is slightly above 50, indicating a balanced market and potential for further upside. These indicators may be of interest to those who follow Bitcoin market trends. For those interested in Bitcoin, the ChangeNOW platform offers easy purchase options with no registration or hidden fees.
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Monero (XMR) is showing signs of growth amid market volatility
Monero (XMR) is currently trading between around $150 and $164. The price is up more than 4% in the past week and is up more than 10% in the past month. The RSI is below 40, which may indicate that the asset is oversold and preparing for a bounce. Resistance levels are located at $172 and $186, and a break above them could signal further upside. Convergence of the 10- and 100-day simple moving averages may indicate consolidation ahead of the next move. Taking these into account, it may be a good time for some investors to consider Monero, which is available on the ChangeNOW platform without registration or hidden fees.
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Summary
In the current bull market, cryptocurrencies such as Bitcoin and Monero offer special opportunities for investors and traders. Bitcoin is making new highs, reflecting its strong market position. Monero, which focuses on transaction anonymity, may appeal to those who value privacy. For those considering investing in these cryptocurrencies, ChangeNOW offers an excellent platform. It allows users to exchange, buy or sell coins without hidden fees or registration, which increases security as the platform does not store users’ funds. With support for more than 900 cryptocurrencies, no transaction limits, and the ability to purchase by credit card, ChangeNOW offers a convenient and flexible solution for all cryptocurrency transactions.
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