Monero Hits All-Time High of $595.96 as Privacy Coins Gain Traction
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 12 2026- Price Breakthrough: Monero (XMR) reached a new all-time high of $595.96 on January 12, marking a 59% increase from its December low, indicating a robust recovery in the privacy coin market that may attract more investor interest in privacy solutions.
- Market Rebound: The total market cap of privacy coins surged by 14.7% in the past 24 hours, surpassing $20 billion, reflecting the growing importance of privacy advocacy narratives in mainstream adoption by 2026, which has propelled Monero's price upward.
- Surge in Futures Demand: Monero futures open interest increased by 54% in the last 24 hours to $192.83 million, indicating new capital is flowing into the market, which could further drive price volatility and attract more traders.
- Bullish Technical Indicators: Monero's price has broken above an ascending parallel channel formed since August last year, with current technical indicators suggesting a bullish short-term trend, potentially pushing the price up to $626, thereby boosting investor confidence.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
