Monero (XMR) has shown price and network resilience following Binance’s delisting on February 20. The leading privacy coin re-conquered the $150 price zone and has set a new record with over 100,000 daily transactions.
Notably, the Monero network established a new all-time high in the number of its daily transactions on March 5. At that date, BitInfoCharts registered 96,495 daily transactions, superior to the 60,305 registered on August 12, 2022.
Nevertheless, this mark is already outdated. As of this writing, the network has 102,708 transactions confirmed on March 6.
Monero transactions historical chart. Source: BitInfoCharts
This data highlights increased network usage, which could positively impact the market demand for XMR and thus reflect in its price.
XMR price analysis
Monero’s recent price trajectory is remarkable. First, XMR dropped from $165 to $101 on February 6 following the delisting announcement. However, the nearly 39% loss was quickly challenged with an
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