Monero (XMR) Surges Over 100% in Three Months Amid Strong Privacy Demand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 11h ago
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Source: Fool
- Price Surge: Monero's price has surged over 100% in the past three months, currently priced at $648.06 with a market cap of $12 billion, indicating strong market demand for privacy coins.
- Privacy Features Attract Users: Monero employs ring signatures and stealth addresses to protect transaction privacy, attracting a significant user base amid increasing financial regulation, which enhances its appeal.
- Exchange Pressure: Major exchanges like Binance and OKX have delisted Monero due to regulatory pressures, limiting ordinary investors' access and potentially leading to liquidity issues for the asset.
- Regulatory Risks Intensify: The EU's upcoming anti-money laundering regulations will prohibit financial institutions from handling anonymous accounts and privacy coins, increasing the risks associated with investing in Monero and necessitating careful consideration of its holdability.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
