Monero once again enters chart of best-performing cryptocurrencies on the market
. Monero garnered a sudden boost in popularity following the regulatory crackdown initiated by some exchanges, including Coinbase. exchanges expressed their opinions about holding digital assets on exchange balances and urged users to withdraw their holdings in noncustodial cold wallets.The series of bans and account limitations hit the market after European and U.S. regulators forced centralized cryptocurrency exchanges to freeze the accounts of certain users.
XMR has gained over 27% to its value since the end of January and even reached the local high of $278 at some point due to a lack of liquidity on Binance, according to TradingView. Thanks to the buying power on the market,
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