The past weeks Monero has more or less increased 5 times in price. The past days it has even more than doubled. I didn't know why this happened but I just found a possible reason. Apparently Alphabay, one of the largest online markets for drugs and other illicit items, anounced that they will be accepting Monero on september 1. This is very bullish for Monero. So for the traders ... pay attention to Monero next week.
source: http://sputniknews.com/science/20160824/1044590564/bitcoin-dark-web-monero.html