this post was submitted on 22 Sep 2023
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Monero

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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

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Could the price be so stable because of a gigantic whale? (monero.town)
submitted 1 year ago by MoneroLover1@monero.town to c/monero@monero.town
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Maybe the xmr price is stable because some whale(s) sell the right amount at the right time, balancing supply to the present demand.

BTC wasn't stable when it was "the only coin used as an actual currency" way back in time

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[โ€“] Wave@monero.town 1 points 1 year ago (1 children)

Since no one knows how much Monero is really transferred, the price is an estimate.

[โ€“] naphtha@monero.town 1 points 1 year ago* (last edited 1 year ago)

iirc it is possible it just takes some m[a/e]th