【Crypto World】Monero(XMR) Recently made a big splash—just broke through $598, hitting a new all-time high, and its market cap also crossed the $10 billion mark for the first time. What does this number mean? Veteran trader Peter Brandt compared it to the landmark breakthrough of silver years ago, implying that XMR might have much more room to grow.
In the past 30 days, XMR has increased by nearly 30%, and this momentum is indeed fierce. Interestingly, the pullback has remained quite low, indicating that buying support is quite stable. Analysts point out that XMR’s share of the entire crypto market is actually quite small; in other words, if it really takes off, the ceiling is far from low.
So what’s driving this rally? Two factors are repeatedly mentioned: first, the increasing tension in international geopolitical situations; second, the growing demand for privacy protection among users. The combination of these two factors gives privacy coins like XMR strong reasons to support an upward trend.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Monero (XMR) hits a new all-time high with a market capitalization surpassing $10 billion, driven by privacy demand and growth potential
【Crypto World】Monero(XMR) Recently made a big splash—just broke through $598, hitting a new all-time high, and its market cap also crossed the $10 billion mark for the first time. What does this number mean? Veteran trader Peter Brandt compared it to the landmark breakthrough of silver years ago, implying that XMR might have much more room to grow.
In the past 30 days, XMR has increased by nearly 30%, and this momentum is indeed fierce. Interestingly, the pullback has remained quite low, indicating that buying support is quite stable. Analysts point out that XMR’s share of the entire crypto market is actually quite small; in other words, if it really takes off, the ceiling is far from low.
So what’s driving this rally? Two factors are repeatedly mentioned: first, the increasing tension in international geopolitical situations; second, the growing demand for privacy protection among users. The combination of these two factors gives privacy coins like XMR strong reasons to support an upward trend.