$XMR is one of the best performing coins on the cryptocurrency market as it shows more than 70% growth in recent months
saw a steady uptrend in the demand coming from miners as its hashrate was growing steadily from the middle of 2021 until January. In 2022, we see a steady decrease in the hashrate, which is most likely tied to the shift in mining power toward different coins that have faced a drop in the hashrate.
Both hashrate and market performance suggest that traders and investors are more than interested in purchasing as much Monero as they can. In addition to it, we can clearly see large outflows from major exchanges like Binance, which was the reason behind several reports on the inability of users to properly trade the cryptocurrency on the platform.
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