As we roll into the weekend markets have gone predictably red once again. Bitcoin is up a couple of percent but most of the altcoins are sliding during the morning trading session in Asia. One however stands out from the rest and today the leading is .

Coinmarketcap reports that XMR is up over 1% today. From a trading level of around $320 yesterday the anonymous private altcoin has jumped to $2 today. Monero has been one of the better performing cryptocurrencies during February, rising 11% when most other coins have fallen. Looking at the weekly picture XMR is up 37% and continues to climb.

The price hike is likely due to an upcoming hard fork and airdrop around March 14. MoneroV will be spawned and holders of Monero will get a 10x bonus of XMV tokens. It has now become a regular pattern that the lead up to forks or airdrops significantly boosts the price of the in question. Monero is likely to continue upwards, breaking $400 again in a few days. It has been pretty stable when other coins have pumped and dumped and reached an all- high of $490 during the early January spike.

Monero is traded across all exchanges, the three being Bithumb, Bitfinex and Binance. Market capacity currently stands at $5.8 billion putting this altcoin just in the ten at ninth. Around $218 million has been traded in the past 24 hours.

Litecoin is the only other altcoins in the green in the top 25 this morning. A few outside the chart include Steem, Stratis and Ark. All others have fallen slightly.

More on Monero can be found here:

FOMO Moments is a section that takes a daily look at the top 25 altcoins during the trading session and analyses the best performing one, looking for trends and fundamentals.

Martin J. Young

Southeast Asia based info-tech, cyber security, and cryptocurrency analyst with 15 years working in web technology and media.

Source link
– Crypto – Currency infomation
thanks you RSS link


Please enter your comment!
Please enter your name here