Monero is an old school coin just like Litecoin, DASH, Zcash, NEO etc. Much as it has a very high advantage such as promoting high level of privacy and anonymity. The hype has moved a long time ago away from it alongside other old coins, so their price growth won't be as explosive as they used to.
Monero has also been demonized by a number of top crypto exchanges where it has been delisted, so, there is low demand for the coin. Remember, demand and supply directly affect the price of the coin.
Topic: Why isn't the price of Monero (XMR) increasing? (Read 23 times)
There is a total disconnect between your post title and the content of the actual post itself. But I'm going to give my cents on why the price hasn't moved lately.
1. Bitcoin Dominance
2. There are way too many memes.
There is thin liquidity available for altcoins since Bitcoin has stolen the show for majority of this bull run. The problem with coins like Monero is due to the fact that the cypherpunk era seems to have come to an end because most of the popular privacy based coins and products we have had in the past have all has negated by the government and their agencies. For instance, Tonardo cash or even the good old bitcoin mixers we had. All taken away and as such, there's very little incentive to buy and hold Monero.
1. Bitcoin Dominance
2. There are way too many memes.
There is thin liquidity available for altcoins since Bitcoin has stolen the show for majority of this bull run. The problem with coins like Monero is due to the fact that the cypherpunk era seems to have come to an end because most of the popular privacy based coins and products we have had in the past have all has negated by the government and their agencies. For instance, Tonardo cash or even the good old bitcoin mixers we had. All taken away and as such, there's very little incentive to buy and hold Monero.
It seems like this is one of the few alt-coins that has real value. Not only can it be used anonymously, it can be used to hide the origins of any cryptocurrency.
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