Monero’s XMR Rally Builds Steam as Open Interest Climbs to $261 Million
Photo: TheCoinrise
Traders are watching whether renewed momentum in the privacy coin can translate into a larger breakout. Monero, the privacy-focused cryptocurrency long associated with anonymous transactions, is attracting renewed attention from traders. Reports indicate the token's price rally has gained momentum in recent sessions, prompting questions about whether a larger breakout could follow. AMBCrypto reported that open interest in XMR derivatives has risen to $261 million. Open interest measures the total value of outstanding futures and options contracts tied to an asset.
Source: TheCoinrise
