In the last month, the price of Monero (XMR) has fallen by 45%. Monero was having difficulties in the last month with complaints against the use of criminals by criminals for money laundering and kidnapping. It uses cryptography to obfuscate the addresses of the sender, the receiver and the amount of transaction details.
On April 24, Monero was quoted at $ 298 and after one month it has been reduced by a wide margin of around $ 130. Prices fell continuously at a rate of 6.47% in the last 24 hours. Monero has a total market capitalization of $ 2.6 billion, ranking 13th in the market.
Monero presents an open source project called Tari. Tari is a protocol of decentralized assets that will be developed on the Monero platform and is being favored by the main virtual capture firms such as Trinity Ventures, Redpoint, Canaan partners, etc.
The Japan Financial Services Agency [JFCA] has put a lot of pressure on the exchange platform of several cryptocurrencies in the country to evict Monero, since many research agencies revealed that criminals prefer it because of the privacy offered by the token.
Last week, one of the largest cryptocurrency exchange platforms in South Korea, Korbit ended the Monero trade and some other altcoins. All these factors have contributed to the huge drop in Monero's price. The largest cryptocurrency exchange in Japan has also said that they plan to eliminate Monero from the exchange.
As the whole market goes south, the prices of almost all the 15 main currencies are going down, Monero is one of them.