- Monero Price Surge
- Reasons for Monero Price Increase
- Monero Price History
Last week, Monero (XMR), one of the few cryptocurrencies emphasizing anonymous transactions, saw a considerable rise in value.
Monero Price Surge
According to data from CoinMarketCap, the XMR price pumped by 10% in the last seven days, making it one of the biggest gainers among the top 100 cryptos. Right now, it’s trading at $172.69.
Reasons for Monero Price Increase
Twitter analyst 'Dog Dad Devan' informed his 19.8k followers that the crypto bull cycle hasn’t even started yet, but it can be seen by looking at the weekly Monero $XMR chart: — privacy utility — 2nd most used coin on the dark web — no bull cycle yet
Quote from Twitter: 'The best indicator that the crypto bull cycle hasn’t even started yet can be seen simply by looking at the weekly Monero [$XMR] chart: — privacy utility — 2nd most used coin on the dark web — no bull cycle yet
2017 $1 > $380 2021 $29 > $500 2024 $100 > $174 (so far)' - Dog Dad Devan (@dogdaddevan), September 3, 2024.
The best indicator that the crypto bull cycle hasn’t even started yet can be seen simply by looking at the weekly Monero [$XMR] chart: — privacy utility — 2nd most used coin on the dark web — no bull cycle yet
2017 $1 > $380 2021 $29 > $500 2024 $100 > $174 (so far)Dog Dad Devan
Monero Price History
In the past, Monero has shown significant growth during previous bull markets. In 2017, its price surged from $1 to $380, while in 2021, it witnessed another rally rising from $29 to $500. As of 2024, Monero's price started at $100 and has reached $174.
Broader market trends and growing consumer demands for privacy in digital transactions will probably determine Monero’s future route. Monero’s unique value proposition could potentially play a larger role in the crypto space.
