I still haven’t bought any of these. But they are declining with the rest of the markets. With most people still only interested in bitcoin and Ethereum, it may take longer for these to recover.
Agree or disagree? Thanks.
Well recent news from Poloniex closing out support for XMR and Japan pressuring crypto exchanges to drop support for privacy coins will probably hurt demand in the long term. If they are hard to get or use, they average “trader” won’t be involved.
OTOH, making them hard to get could increase prices, but then you’ll have to be able to sell or use them.
Monero is off its recent high by 20% while Dash has fared a little better, down approx 11% from mid April’s peak $540 to $480 early today.
More here from CCN:
https://www.ccn.com/japan-is-pressu...changes-to-de-list-anonymous-altcoins-report/
“Japan’s Financial Services Agency (FSA) is pressuring local cryptocurrency exchanges to de-list privacy-centric altcoins such as Monero, Zcash, and Dash.
Writing in
Forbes, Tokyo-based journalist Jake Adelstein reports that sources close to the FSA say the regulatory agency — which has sole authority to grant licenses to cryptocurrency exchanges — is “taking all available steps” to pressure domestic trading platforms to drop support for altcoins that tout the ability for users to make anonymous transactions.
The FSA claims that these cryptocurrencies, which are generally much more difficult to track than Bitcoin (though in some cases still possible, due to user error and other factors), have become too closely linked with the criminal underworld.”
