Monero (XMR) Flips Toncoin, Is XMR Price To $500 Feasible?
The post Monero (XMR) Flips Toncoin, Is XMR Price To $500 Feasible? appeared on BitcoinEthereumNews.com. Key Insights: Monero’s huge comeback move supports its rise in crypto ranking as the asset aims for an $8 billion market cap. XMR evolution as a tool for currency privacy and decentralization is poised to gain traction. XMR is aiming for $500 despite volatility and regulatory hurdles. Monero (XMR), the biggest privacy-driven cryptocurrency, has rebounded as its price surge helped edge out Toncoin (TON) in market capitalization. According to market data, XMR increased by a staggering 77.22% in the last four weeks to reach $400. Monero Climbs Over 77% in Four Weeks, Outpaces Toncoin The skyrocketing of XMR’s value pushed its total market cap above that of TON. now, Monero has joined the list of top 20 ranked assets in market cap, displacing Toncoin to the 21st position. Monero currently has a total market cap of $7.46 billion compared to Toncoin with $7.33 billion. The asset looks poised to climb to the $8 billion capitalization if the ecosystem sustains the current momentum. Such a development would signal a milestone achievement for Monero and a huge comeback for the untraceable digital asset. This could mean that Monero will continue climbing and displace other assets like Hedera (HBAR), Bitcoin Cash (BCH), and possibly Shiba Inu (SHIB). Notably, if Monero continues its current trajectory towards $500, many assets will give way. For instance, if XMR hits a price of $460, its market capitalization would be over $8.48 billion. This is more than the current market cap of the 17th-placed Shiba Inu, which has a total market cap of $8.39 billion. XMR, as one of the most acclaimed altcoins in the crypto space, can push for the $8 billion market cap. Adoption Grows as XMR Embodies Financial Privacy Principles Monero may achieve this target as adoption is rising due to its privacy-focused approach. Interestingly, even before the…
The post Monero (XMR) Flips Toncoin, Is XMR Price To $500 Feasible? appeared on BitcoinEthereumNews.com.
Key Insights: Monero’s huge comeback move supports its rise in crypto ranking as the asset aims for an $8 billion market cap. XMR evolution as a tool for currency privacy and decentralization is poised to gain traction. XMR is aiming for $500 despite volatility and regulatory hurdles. Monero (XMR), the biggest privacy-driven cryptocurrency, has rebounded as its price surge helped edge out Toncoin (TON) in market capitalization. According to market data, XMR increased by a staggering 77.22% in the last four weeks to reach $400. Monero Climbs Over 77% in Four Weeks, Outpaces Toncoin The skyrocketing of XMR’s value pushed its total market cap above that of TON. now, Monero has joined the list of top 20 ranked assets in market cap, displacing Toncoin to the 21st position. Monero currently has a total market cap of $7.46 billion compared to Toncoin with $7.33 billion. The asset looks poised to climb to the $8 billion capitalization if the ecosystem sustains the current momentum. Such a development would signal a milestone achievement for Monero and a huge comeback for the untraceable digital asset. This could mean that Monero will continue climbing and displace other assets like Hedera (HBAR), Bitcoin Cash (BCH), and possibly Shiba Inu (SHIB). Notably, if Monero continues its current trajectory towards $500, many assets will give way. For instance, if XMR hits a price of $460, its market capitalization would be over $8.48 billion. This is more than the current market cap of the 17th-placed Shiba Inu, which has a total market cap of $8.39 billion. XMR, as one of the most acclaimed altcoins in the crypto space, can push for the $8 billion market cap. Adoption Grows as XMR Embodies Financial Privacy Principles Monero may achieve this target as adoption is rising due to its privacy-focused approach. Interestingly, even before the…
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