Technicals suggest the beginning of a bear trend with a likely test of the US$150-$200 zone. If regulatory scrutiny on cryptocurrencies does increase dramatically, expect privacy coins like XMR to surge in value as an exodus from the potential invasion of privacy. This event, should it occur, will easily be seen on the XMR/BTC pair, which will drastically increase in value.
Monero Price Analysis – The ASICs at the gate
Technicals suggest the beginning of a bear trend with a likely test of the US$150-$200 zone. If regulatory scrutiny on cryptocurrencies does increase dramatically, expect privacy coins like XMR to surge in value as an exodus from the potential invasion…