Monero {XMR} adoption builds, could Hong Kong protests influence the pace of privacy-centric coins?

Fibo Quantum

Monero is ranked at #10, above Stellar Lumens and UNUS SED LEO on coinmarketcap. The price of XMR dipped at a rate of 1.94% in the course of the past 24-hours. The trading volume recorded is $82.025 million, whereas the supply has 17,167,915 XMR coins in play. For now, the total market cap of Monero is $1.369 billion. As of this moment, XMR is priced at $79.78.

Loki is a low-ranked coin south of the #300 position. Just today, it was announced that Bitcoin and Litecoin addresses linked to 3 major “kingpins” involved in the drug trade have been blacklisted. This was due to continuous efforts of the Department of Treasury [associated with the United States of America].

Monero has been growing as a privacy-based cryptocurrency. Though it is far from rivaling the king coin. A majority of transactions on darknet [involving money laundering, drug purchases, etc] involve Bitcoin and Litecoin [the latter has also fallen on evil days].

An inverse head-and-shoulders pattern was noted, which according to some analysts points to bullish momentum. The Awesome Oscillator peaks are green and may soon head north of the zero line. Support exists near $73.13 at present, whereas resistance will be felt if the coin manages to reach the $93.2 mark.

XMR needs to be under the control of fresh buyers if the price is to break-out of the region of accumulation.