Analysis

Cryptocurrency Markets Show Their Love on Valentines Day- Litecoin, Monero, VeChain are Winners [Video]

The crypto crowd sure knew how to show their love on Valentines Day. It was a great day in the market with all top 20 cryptocurrencies ending the day with gains. Litecoin was the winner of the game, seeing a 33% gain ending the day at $212. Monero’s XMR was next with 14.98% gains, followed by VeChain at 14.52%. The latter two are lesser known altcoins ranking 13 and 18 respectively in the cryptocurrency market cap ranking. Monero is a privacy-focused coin which has hit the headlines recently thanks to a piece of malware mining it in secret on Android devices. The malware redirects users to websites that tap into a device’s processing power to mine the Monero cryptocurrency. U.S. online news publication Salon has also adopted this unconventional alternative to ads to make money — using a reader's computing power to mine Monero. Monero’s XMR saw the same type of gains and pullbacks other major cryptos were affected by in the past month, and currently making its way back up to key resistance levels. Let’s see how deep the love is for Monero as more people become aware of the malware. Thanks for watching, invest responsibly, and I’ll see you with more updates next time.

 

 


 

For more from Invest Diva, click here

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.