#Strategy加仓BTC XMR reaches $700. Can privacy coins continue their upward trend?
Monero's recent performance has certainly caught attention—after breaking $700, this privacy coin has started to show real momentum. After a period of fluctuation and consolidation, it has finally stabilized, and the upcoming trend is worth watching.
Why can XMR do this? Several reasons are evident:
First, the privacy feature itself is attractive. During times of increased market volatility and uncertainty, large investors and institutions are beginning to focus on privacy coins, with clear signs of capital inflow. This is not hype; it’s genuine demand.
Second, technical signals are giving indications. The price breakout was accompanied by a surge in trading volume, indicating that this is not just bluffing—market sentiment is truly heating up. Volume doesn’t lie, and that’s crucial.
Looking at on-chain data—active addresses are increasing, and on-chain transaction volume is climbing. These metrics often better reflect long-term trends than price alone, and currently, they are quite positive signals.
For investors willing to wait, this breakout could be the starting point of the next rally. However, specific strategies should still be based on individual risk tolerance and plans.
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.
14 Likes
Reward
14
5
Repost
Share
Comment
0/400
AirdropAutomaton
· 01-16 10:20
700 is really about to take off, privacy coins are quite something this time... but bro, I still prefer to wait for a pullback before jumping in. I was greedy once and lost a lot.
View OriginalReply0
SchrodingersPaper
· 01-16 10:20
Oh no, XMR has really taken off. This time, it might just be a trap to lure in buyers again.
Speaking of privacy coins, regulatory risks are always there. Even if it rises to a thousand dollars, you still need to be cautious.
View OriginalReply0
RooftopVIP
· 01-16 10:20
$700 is not enough; wait until it breaks 1000 before speaking.
View OriginalReply0
SchrodingersFOMO
· 01-16 10:18
700 bucks definitely has some potential, but whether privacy coins can hold up this wave depends on the subsequent trading volume. I'm worried it might just be a flash in the pan.
View OriginalReply0
CryptoNomics
· 01-16 10:14
sigh, classic volume narrative without examining the correlation matrix between xmr inflows and macro btc dominance shifts. did you even run a regression analysis?
#Strategy加仓BTC XMR reaches $700. Can privacy coins continue their upward trend?
Monero's recent performance has certainly caught attention—after breaking $700, this privacy coin has started to show real momentum. After a period of fluctuation and consolidation, it has finally stabilized, and the upcoming trend is worth watching.
Why can XMR do this? Several reasons are evident:
First, the privacy feature itself is attractive. During times of increased market volatility and uncertainty, large investors and institutions are beginning to focus on privacy coins, with clear signs of capital inflow. This is not hype; it’s genuine demand.
Second, technical signals are giving indications. The price breakout was accompanied by a surge in trading volume, indicating that this is not just bluffing—market sentiment is truly heating up. Volume doesn’t lie, and that’s crucial.
Looking at on-chain data—active addresses are increasing, and on-chain transaction volume is climbing. These metrics often better reflect long-term trends than price alone, and currently, they are quite positive signals.
For investors willing to wait, this breakout could be the starting point of the next rally. However, specific strategies should still be based on individual risk tolerance and plans.
$XMR $BTC $ETH