{"id":65456,"date":"2024-06-10T20:02:59","date_gmt":"2024-06-10T20:02:59","guid":{"rendered":"https:\/\/coinjournal.net\/news\/monero-price-defies-gravity-ahead-of-the-bitbot-token-launch\/"},"modified":"2024-06-10T20:02:59","modified_gmt":"2024-06-10T20:02:59","slug":"monero-price-defies-gravity-ahead-of-the-bitbot-token-launch","status":"publish","type":"post","link":"https:\/\/coinalsat.com\/en\/monero-price-defies-gravity-ahead-of-the-bitbot-token-launch\/","title":{"rendered":"Monero price defies gravity ahead of the BitBot token launch"},"content":{"rendered":"\n<p dir=\"ltr\"><a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/tag\/monero\/\"><u>Monero<\/u><\/a> price continued to defy gravity as it surged to its highest point since January 30th. It has surged by over 80% from its lowest level this year, giving it a market cap of over $3.2 billion. The focus among cryptocurrencies is now shifting to the upcoming Federal Reserve interest rates decision and the ongoing ETF inflows.<\/p>\n<h2 dir=\"ltr\">Monero is defying gravity<\/h2>\n<p dir=\"ltr\">Cryptocurrencies wavered on Monday as focus remained on the upcoming Fed decision. Bitcoin held steady below the crucial resistance point at $70,000. Other big cryptocurrencies like Ether and Solana remained in a tight range.<\/p>\n<p dir=\"ltr\">Many altcoins, on the other hand, went through a major sell-off as concerns about the Federal Reserve continued. This sell-off happened after the US published strong jobs numbers on Friday, raising the possibility that the Fed will hold rates steady in this week&#8217;s meeting.&nbsp;<\/p>\n<p dir=\"ltr\">Monero, the biggest privacy coin in the world, was the best-performing token even though there was no major ecosystem news. Notably, the rally continued as Monero formed a golden cross pattern, which happens when the 50-day and 200-day moving averages cross each other.&nbsp;<\/p>\n<p dir=\"ltr\">In most cases, this is one of the most popular bullish signs in the market. Most importantly, the token has risen above the key resistance level at $180, its highest swing in December last year.<\/p>\n<p dir=\"ltr\">Therefore, there is a likelihood that the bull run will continue in the coming days. If this happens, it will likely surge to the next level at $200. The stop-loss of this trade will be at $170.&nbsp;<\/p>\n<p dir=\"ltr\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/media.igms.io\/2024\/05\/10\/1718049717234-b3862323-a078-40d8-9744-b0f06ad1f1b3.png\" style=\"width: 761px;height: 421.087px\" class=\"fr-fic fr-dib\" width=\"761\" height=\"421.087\"><\/p>\n<h2 dir=\"ltr\">BitBot is seeing strong traction<\/h2>\n<p dir=\"ltr\">It is against this backdrop that the&nbsp;<a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/investors-target-injective-ordi-gains-ahead-of-bitbot-launch\/\"><u>BitBot<\/u><\/a> token is gaining more traction in the market a few weeks after it concluded its highly-successful&nbsp;<a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/bitbot.tg\/?utm_source=media&amp;utm_medium=artc&amp;utm_campaign=coinjournal&amp;utm_term=internal&amp;utm_content=price_prediction\"><u>token sale<\/u><\/a>. The developers raised over $4.3 million from investors.&nbsp;<\/p>\n<p dir=\"ltr\">BitBot&#8217;s token sale was highly successful because of what the network is promising. According to its website, the developers are aiming to create the biggest AI-powered Telegram trading bot.&nbsp;<\/p>\n<p dir=\"ltr\">This is notable because of Telegram&#8217;s scale as one of the biggest social media companies in the world with over 900 million users.&nbsp;<\/p>\n<p dir=\"ltr\">The Telegram bot industry is doing well as demand for trading solutions jump globally. Recent data showed that these bots account to over $164 million worth of tokens every day.<\/p>\n<p dir=\"ltr\">As such, there are signs that it will gain traction because of its emphasis on AI and security. Unlike other Telegram bots, BitBot will be a non-custodial platform, meaning that its developers will not have access to users funds.&nbsp;<\/p>\n<p>BitBot&#8217;s developers are now working on the application. They are also preparing to launch the claiming process for the token. This is a situation where those who bought the tokens will be able to claim them when they start trading. Learn more about BitBot&nbsp;<a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/investors-target-injective-ordi-gains-ahead-of-bitbot-launch\/\"><u>here<\/u><\/a>.<\/p>\n<p>The post <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/monero-price-defies-gravity-ahead-of-the-bitbot-token-launch\/\">Monero price defies gravity ahead of the BitBot token launch<\/a> appeared first on <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"\n<p>Monero price continued to defy gravity as it surged to its highest point since January 30th. It has surged by over 80% from its lowest level this year, giving it a market cap of over $3.2 billion. The focus among cryptocurrencies is now shifting to the upcoming Federal Reserve interest rates decision and the ongoing [&#8230;]<\/p>\n<p>The post <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/monero-price-defies-gravity-ahead-of-the-bitbot-token-launch\/\">Monero price defies gravity ahead of the BitBot token launch<\/a> appeared first on <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n","protected":false},"author":5,"featured_media":65457,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[48,43],"tags":[],"class_list":["post-65456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","category-crypto-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Monero price defies gravity ahead of the BitBot token launch - CoinAlSat.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinalsat.com\/en\/monero-price-defies-gravity-ahead-of-the-bitbot-token-launch\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Monero price defies gravity ahead of the BitBot token launch - CoinAlSat.com\" \/>\n<meta property=\"og:description\" content=\"Monero price continued to defy gravity as it surged to its highest point since January 30th. It has surged by over 80% from its lowest level this year, giving it a market cap of over $3.2 billion. 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