I get the market is down over all but -17% drop in a day is crazy. What happened?
What happened to the Monero price?
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making it cheaper before they pump it?
dn't know the reason for it, but as you can see before the ATH we made similar dips
aand also here
check haveno.markets to see the real monero streetprice and jt's moving average
@orange I don't know much but the latest news that got my eyes is that Iran just launched their shipping insurance backed by bitcoin. I don't know if it's related or not
I was wondering how long it would take for someone to make a price discussion thread xD
but ye if you look at the max time view of the xmr chart, the ebbs and flows are pretty normal...
as for news, if iran launched something to do with bitcoin, I feel like all cryptos would go up due to the gravitational force of bitcoin- or maybe a lot of entities are swapping from xmr into bitcoin for this situation? who knows if xmr trading volume jump as the situation develops (iran takes btc, sends it to various places to cash out, those places might swap to xmr?)
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Something makes me feel as if we are in for another Luna-type crash. The market feels off. We seem poised to either go up or go down. The market chart looks normal, but who knows. For Monero, I think it reacts to the market as if it were a true currency used daily.
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Thanks,
Malarkey
@avarice Yeah I can see xmr play crucial role. US still can deny bitcoin that related to Iran Bank just like what they did with Iran USDT. Xmr will be the perfect proxy to hide their traces