Monero (XMR), NEO, and Litecoin (available on Coinbase) (LTC) all struggle to recover in a drowning crypto market.

Monero (XMR)

Monero is currently selling for $248.38, which puts the coin down 5.23% in the past 24 hours.

Source: CoinMarketCapMonero has been having a rough slide for the past week. XMR was almost selling for $360 last Tuesday and has lost 30% in price since then.

It’s possible that there may be a connection between Monero’s drop and the delay in the MoneroV (XMV) hard fork. According to an announcement, MoneroV is now being postponed to around April 30th (XMV was originally supposed to fork sometime this week). Several reasons have been put forward as to why the delay, including the team claiming that exchanges “need more time to implement the MoneroV technology for them to support the fork.”

However, according to the crypto exchange Bittrex, which tweeted the same day as the MoneroV delay announcement, it wasn’t going to be supporting MoneroV because the development team had yet to contact them. So, who do you think dropped the ball – the exchanges, or MoneroV?

Whichever way you want to look at it, MoneroV has been delayed and Monero is dropping like a fly in the summertime.