Cryptocurrency Monero grew by 55% in a month

Cryptocurrency analysts spoke about the prospects for the Monero cryptocurrency (XMR). They noted that the value of the virtual asset has risen by more than 55% since June 2022. According to the digital currency exchange rate chart, its price reached local highs in 2022.

Representatives of the Santiment project, which analyzes blockchain data, said that the XMR coin rate has begun to return to the area of increased market attention. Currently, traders and investors have begun to show more and more interest in the virtual currency, which has been reflected in the growth of trading volumes over the past month.

At the same time, experts noted: XMR rose in price by only 2.3% over the past week. Analysts expressed confidence in the continuation of the rapid growth of the asset’s value, as at the peak of prices, Monero was trading above $ 517 as of May 7, 2021.

They assured that interest in this currency is growing, and the community continues to develop. Privacy is coming to the forefront in today’s crypto world, which will be an important catalyst for the XMR rate to move upward.

Indeed, the community of the coin is very unusual!