When will XMR on Huobi recover?
When will XMR on Huobi recover? When will XMR on Huobi recover?According to Coi
When will XMR on Huobi recover? When will XMR on Huobi recover?
According to Cointelegraph, as of November 15th, the price of Monero (XMR) on global exchanges is $3 according to CoinMarketCap’s data. Due to the recent downturn in the cryptocurrency market, the price has dropped by about 10%; however, the number has started to rebound since December 17th. Nevertheless, Bitcoin and Ethereum have fallen below the $3,000 low point. If Bitcoin can maintain its bottom, its market value may increase by 50% or even higher. But if this situation occurs again, XMR may experience a larger consolidation at higher levels.
Huobi is now able to withdraw all stolen funds, including XMR tokens, Monero, or other assets on the XMR chain, and can withdraw them at any time. This is a huge blow to those who cannot revoke or settle in a timely manner: most people have no control and can only transfer their assets and make profits using the XMR in their wallet. These losses result in severe damages. To prevent users from losing control of their investment assets, Huobi advises against directly transferring XMR to third-party platforms (such as Huobi). Because at this time, your transactions will be locked in smart contracts and cannot use XMR in your wallet once confirmed. Therefore, you need to transfer all XMR through Huobi to complete the process by sending them to another person’s account.
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