Why Monero is uniquely immune to the Collapse
Why Monero is uniquely immune to the Collapse
Today Monero is listed as a front-page trending coin on Coinmarketcap
But it isn't rising that much ($148.81 from the low of $137), it's just that it didn't collapse with coins primarily traded on centralized exchanges. Monero's attitude of "use it" over hodl & leverage keeps it stable.
And special to this situation, as I've written about earlier, this entire collapse is triggered by Japanese yen carry trades. Monero's history of being banned from the Japanese exchanges, makes it so that very few people long XMR/JPY on leverage
https://simplifiedprivacy.com/Monero-Japenese-Yen/index.html
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Do people in Japan use Haveno? Is there any cash-by-mail happening in Japan?
asking the real questions here any japanese person can say?