Monero Up 200% Year-to-Date, Hits 2-Year High Amidst Regulatory Concerns – CryptoGlobe

October 27, 2020 By admin

Privacy-centered cryptocurrency Monero (XMR) has reached a 2-year price high after surging more than 200% year-to-date. 

Monero has continued to rally alongside a general price increase for bitcoin and alts. XMR reached $139 on October 26, its highest point since September 2018. 

The altcoin is up more than 200 percent year-to-date, with a surge in value of more than 50 percent occurring within the last seven weeks. 

Speaking in an interview with CoinDesk earlier month, David Jevans, CEO of blockchain forensics firm CipherTrace said Monero was tracking bitcoin’s price. 

He said, 

Speculators, algorithmic traders look to have fueled the price rally.

  • moneroMonero$114.25-16.27%