Monero is Recovering After Binance Delisting Disaster
The Monero (XMR) is rising by 6.4% to $128.0 per altcoin. This rise came after a 38% decline on February 6, when Binance crypto exchange announced delisting of privacy coins, including Monero. Its prices plunged close to the support at $100.0, but recovered strongly to $125.0. The formal delisting will happen on February 20. From a technical perspective, the altcoin has some upside room to rise towards $150.0. Investors may continue to support privacy-focused altcoins like Monero, as its founders continue to defend its privacy commitments.
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