Loading market data...

Monero Hits 19-Month High as THORChain Upgrade Opens Native XMR Swaps

Monero Hits 19-Month High as THORChain Upgrade Opens Native XMR Swaps

THORChain's native XMR support

->

THORChains native XMR-støtte

(or "THORChains støtte for native XMR"? We'll keep "THORChains native XMR-støtte" - but note that "THORChain" is a proper noun, so we keep it as is. We'll use "THORChains" with apostrophe? In Norwegian, we often use "THORChains" without apostrophe? Actually, we can say "THORChains native XMR-støtte" but that might be ambiguous. Better: "THORChains støtte for native XMR" or "THORChains native XMR-støtte" - we'll use "THORChains native XMR-støtte" as it's concise. Paragraph:

The rally's main catalyst was THORChain's network upgrade, which introduced native support for XMR swaps. That's a significant development for Monero holders, who have had fewer options for decentralized trading since major exchanges pulled back from privacy coins.

Translation:

Hovedkatalysatoren for oppgangen var THORChains nettverksoppgradering, som introduserte native støtte for XMR-byttinger. Dette er en betydelig utvikling for Monero-innehavere, som har hatt færre alternativer for desentralisert handel siden store børser trakk seg tilbake fra personvernmynter.

Note: "pulled back" -> "trakk seg tilbake". "privacy coins" -> "personvernmynter". Next:

Breaking above the $410 resistance level was flagged as a key bullish trigger by X user Nebrasangooner, and the move has drawn attention from notable figures. David Gokhshtein expressed surprise at XMR's gains, especially given that the coin isn't listed on many major exchanges.

Translation:

Å bryte over motstandsnivået på 410 dollar ble flagget som en viktig bullish trigger av X-brukeren Nebrasangooner, og bevegelsen har vakt oppmerksomhet fra kjente personer. David Gokhshtein uttrykte overraskelse over XMRs gevinster, spesielt gitt at mynten ikke er notert på mange store børser.

Note: "bullish trigger" - we can keep "bullish trigger" or translate to "positiv trigger"? In Norwegian crypto, "bullish" is often used. We'll keep "bullish trigger" as is. "X user" -> "X-brukeren". "notable figures" -> "kjente personer". "gains" -> "gevinster". Next:

Exchange landscape remains mixed

->

Børslandskapet forblir blandet

Paragraph:

Binance terminated all services with XMR at the beginning of 2024, a decision that caused a substantial price decline at the time. The coin remains unavailable on Coinbase, but it is still supported on Kraken, KuCoin, and MEXC.

Translation:

Binance avsluttet alle tjenester med XMR i begynnelsen av 2024, en beslutning som den gang førte til en betydelig prisnedgang. Mynten er fortsatt utilgjengelig på Coinbase, men den støttes fortsatt på Kraken, KuCoin og MEXC.

Note: "terminated" -> "avsluttet". "substantial price decline" -> "betydelig prisnedgang". "unavailable" -> "utilgjengelig". Next:

That patchwork of availability makes the current rally all the more notable. X users Mav and Sweep commented positively on the price increase, with Sweep calling XMR "an absolute sleeping giant."

Translation:

Det lappeteppet av tilgjengelighet gjør den nåværende oppgangen desto mer bemerkelsesverdig. X-brukerne Mav og Sweep kommenterte positivt på prisøkningen, og Sweep kalte XMR "en absolutt sovende kjempe."

Note: "patchwork" -> "lappeteppe". "all the more notable" -> "desto mer bemerkelsesverdig". "sleeping giant" -> "sovende kjempe". Next:

Investors moving to self-custody

->

Investorer flytter til selvforvaring

Paragraph:

Exchange net flow data from CoinGlass shows outflows surpassing inflows over the past several days. That pattern suggests investors are moving XMR to self-custody, which reduces selling pressure on exchanges and can support further price gains.

Translation:

Data om netto strømmer fra børser fra CoinGlass viser at utstrømmingene overstiger innstrømmingene de siste dagene. Dette mønsteret tyder på at investorer flytter XMR til selvforvaring, noe som reduserer salgspresset på børser og kan støtte ytterligere prisgevinster.

Note: "net flow" -> "netto strømmer". "outflows" -> "utstrømminger", "inflows" -> "innstrømminger". "self-custody" -> "selvforvaring". "selling pressure" -> "salgspress". Next:

The flip side is that XMR's Relative Strength Index (RSI) now stands at roughly 77, a level that signals the asset is overbought. That doesn't mean the rally is over, but it does suggest a potential correction could be in the