Replying to hundehausen

I have a theroy why Moneros price rose laltely. After law enforcement agencies have shut down the biggest botnet with operation endgame, the network hashrate of Monero dropped about 25 %. Those botnet operators are arrested, the miners are stopped and they can not sell constantly those XMR anymore. So there is now less Monero on the market. What do you think! Is it possible?

I am not an expert on price.
Avatar
Soul Reaver 1y ago

My guess is that Monero has slightly increasing demand and w/ attacks on fiat offramps like LocalMonero, it's harder to obtain in a truly private manner, which's reflected on price but IDK.

Reply to this note

Please Login to reply.

Discussion

Avatar
Saberhagen The Nameless 1y ago

I think it's a combination of what both of you are saying