Monero Price Decline
The Monero price fell 6% in the past 24 hours, reaching the $123.00 mark with a plunge in trading volume of nearly 60%. The decline occurred after Binance announced the delisting of the XMR token, citing non-compliance with its listing criteria.
Delisting of Monero
Binance’s decision to delist Monero did not surprise the market following January’s revelation that it had established “monitoring tags” on Monero, among other tokens. OKX exchange also delisted Monero in January, alongside privacy-focused coins like Zcash and Dash due to increasing regulatory pressure on exchanges to delist privacy coins.
Monero Price Forecast
The Monero price weakened from early profit booking and now faces overhead pressure due to the 50% Fibonacci level of $140.90. The Relative Strength Index (RSI) outlook indicates momentum is falling as the RSI is dropping, and the price strength is weak considering the RSI is below 50.
Promising Alternative To Monero
With the Monero price pattern unclear, attention is shifting towards the TUK token, the native crypto to the eTukTuk ecosystem, now proclaimed as one of the best crypto ICOs of 2024. eTuktuk is an AI-integrated, eco-friendly future of transportation that allows you to invest and earn right away. This emerging green $TUK token presale project stands among the most recommended choices for the best penny cryptos in 2024.
Hot Take: eTukTuk’s Potential in Asia and Africa
With growing governments’ EV adoption goals, eTukTuk is well-placed to drive this transition, making it a promising solution. Also, eTukTuk provides entry into a sustainable transportation revolution with its green $TUK token presale standing among the most recommended choices for the best penny cryptos in 2024. Earning 257% annual percentage yields (APY) on eTukTuk’s staking mechanism could be the best risk-free investment alternative for you.
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