The recent rapid rise of Monero (over 250 USD) has many reasons:
- The most important reason is the fact that it is one of the most secure and anonymous alt coins.
- Secondly, Monero has been accepted as payment currency by many prominent internet platforms - particularly within the music industry. This acceptancy trend will further boost Monero’s rise.
- Thirdly, people are looking for new alternatives to Bitcoin. Some might even take some of their Bitcoin gains to reinvest in a diversified crypto pool.
What is your view?