Monero is so small and irrevalent that a single whale can pump (& then dump) the price. It's falling to ashes for years. If you are in doupt, zoom out.
Even meme shitcoins created a few months ago have twice Monero market cap while having zero ETFs / establishment or whatever pushing the price. It's all vaporware and gambling.
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How do you explain that Monero is the most used cryptocurrency if it is so small and irrelevant?
The whale can pump but no can dump it! That's because there's not enough Monero for sale for everyone. Not owning Monero now means you either have to buy it higher (whale or not) or you have to provide a good or service that people would buy for their Moneros. The only coin actually used as money
“(...)used as money”
*proceeds to swap out from btc to buy a fucking gift card*