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Unveiling: Why Monero is Banned and the Latest Cardano Price Analysis

Unveiling: Why Monero is which crypto to buy today for long-termBanned and the Latest Cardano Price Analysis

Why Monero is Banned

Monero (XMR) has faced bans in certain regions and on some platforms, primarily due to its strong privacy features. Monero uses advanced cryptographic techniques to obfuscate transaction details, including the sender, receiver, and the amount transferred. This anonymity makes it a preferred choice for those who wish to conduct private financial transactions. However, this very feature has raised concerns among regulators and law - enforcement agencies.

One of the main reasons for the bans is the potential for Monero to be used in illegal activities. Since it is difficult to trace transactions, it could be exploited for money laundering, drug trafficking, and other criminal enterprises. Regulators are tasked with ensuring the integrity of the financial system and preventing the use of digital assets for illegal purposes. By banning Monero, they aim to reduce the risk of such activities going undetected.

Another factor is the lack of transparency. In the traditional financial system, transactions are typically visible to relevant authorities, which helps in monitoring and preventing financial crimes. Monero's privacy - focused nature goes against this principle of transparency, making it a target for regulatory scrutiny and subsequent bans in some areas.

FAQ

Q: Is it completely illegal to use Monero everywhere?
A: No, Monero is not illegal in all jurisdictions. However, some countries and platforms have imposed restrictions or bans due to its privacy features and potential for misuse.

Cardano Price Analysis

Overview of Cardano

Cardano (ADA) is a well - known cryptocurrency that stands out in the crowded market. It is a research - driven and peer - reviewed smart contract platform. Developed by experts and scholars, Cardano aims to address common issues in older blockchain platforms, such as scalability, security, and interoperability. Its unique features include a sustainable development model, a layered architecture that separates the settlement layer from the computational layer, and the use of the energy - efficient Ouroboros proof - of - stake consensus algorithm.

Current Price and Key Levels

Using recent CoinEx data, as of 2025, the current price of Cardano (ADA) is $0.6319. The annual low is around $0.59. The main resistance level is approximately $0.80, and the support area lies between $0.55 and $0.60. Cardano is currently showing an integration range below $0.70, and its potential to break out is related to ecosystem catalysts.

FAQ

Q: What is a resistance level and a support area?
A: A resistance level is a price point at which an asset has historically had difficulty rising above. A support area is a price range where an asset has typically found buying interest and has bounced back from previous declines.

Factors Affecting Cardano's Price

Network Upgrade and Development

Continuous improvement of Cardano's scalability, smart contract functionality, and overall efficiency is crucial. As the platform becomes more powerful, it is expected to attract more decentralized applications (dApps) and expand its influence in the decentralized finance (DeFi) sector. This increased demand for the platform can drive up the demand for the ADA token, pushing its price higher.

Interest from Institutional Investors

The adoption of blockchain technology by institutional investors is on the rise, and Cardano is increasingly seen as a reliable investment option. The trust in its sustainable development model is growing among investors. As more institutional money flows into Cardano, it can have a positive impact on the price of ADA.

Regulatory Environment

The broader regulatory environment for cryptocurrencies also plays a significant role. Clearer regulations, especially in major markets like the United States, can boost market confidence. If Cardano is seen as compliant and well - positioned in the face of regulatory changes, it can attract more investors, leading to an increase in price.

Macro Conditions

Macro factors such as Bitcoin's dominance in the market, Ethereum's upgrades, and overall cryptocurrency regulations can influence Cardano's price. For example, if Bitcoin experiences a significant price movement, it can have a spill - over effect on the entire cryptocurrency market, including Cardano. Ethereum's upgrades may also create competition or synergy, depending on how Cardano responds to them.

FAQ

Q: How do institutional investors impact Cardano's price?
A: Institutional investors bring large amounts of capital into the market. Their entry into Cardano indicates confidence in the project, which can attract other investors. The increased demand for ADA due to institutional investment can drive up its price.

Technical Analysis

Looking at the technical indicators, the Relative Strength Index (RSI) for Cardano is in the neutral range, around 50 - 55. This suggests that the market is neither overbought nor oversold at the moment. The Moving Average Convergence Divergence (MACD) is relatively stable, indicating a lack of strong momentum in either direction.

The 200 - day moving average is slightly above the current price. If the price can break above the 200 - day moving average, it could be a bullish signal. Additionally, Cardano has shown signs of consolidation below $0.70. If the staking rewards remain stable and network activity increases, ADA may resume its upward trend.

From a historical perspective, the MVRV ratio of Cardano has dropped to - 9.34% in the past 30 days, suggesting that the asset may be undervalued. When the MVRV ratio has reached similar levels in the past, Cardano has often experienced strong rebounds. For instance, in April, when the price dropped to $0.55, it later rebounded to $0.84, and in February, after hitting $0.60, it rose to $1.13.

Cardano is currently trading near the upper edge of the downward channel, which may indicate that selling pressure is decreasing. The Chaikin money flow is in the positive territory, suggesting that there is continuous buying in the market. Social media discussions about Cardano have also increased, with the related discussion ratio rising to 1.02%. If the price can break through the resistance at $0.69, it may gradually climb to $0.73 or even $0.78.

FAQ

Q: What does the MVRV ratio tell us?
A: The MVRV ratio compares the market value of a cryptocurrency to its realized value. A low MVRV ratio, like the - 9.34% for Cardano, often indicates that the cryptocurrency is undervalued and may be due for a price increase.

In conclusion, while Monero's privacy features have led to bans in some areas, Cardano's price is influenced by a combination of network development, investor interest, regulatory factors, and technical indicators. Traders and investors should DYOR (Do Your Own Research) before making any decisions regarding these cryptocurrencies.
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