XMR is holding up better than BTC and other popular altcoins. Monero cryptocurrency is the second most common coin, which is used on most dark-web marketplaces. Because of this, the coin has a constant demand, which gives it a value that is not typical of other coins.
Even though Monero has fallen 18% against the dollar since the beginning of the year, these results are better than other cryptocurrencies.
The report notes that XMR cryptocurrency has faced significant regulatory challenges over the past 2 years, causing a general decline in trading volume.
Also, some countries have been requested to use the coin, and even though decentralized protocols make it difficult for government agencies, the coin still faces some obstacles in its operation.
