Monero has just hit 140$ today rising almost vertically. I personally think Monero is here to stay and people are realizing privacy is not for criminals , but a good feature for everyone.
The primary factor influencing this rapid growth was the announcement that Bithumb, the world’s highest-volume cryptocurrency exchange, had decided to list Monero to its platform. This move will enable Monero to break into the lucrative South Korean market.
Also, news broke this week that the U.S. Internal Revenue Service has been contracting with a blockchain analysis firm since 2015 to track and unmask U.S. residents who could not be paying taxes on bitcoin-related income or are using bitcoin to hide assets from the government. News like this could drive people toward anonymity-centric altcoins such as Monero, Dash, and Zcash.
This is a great step for privacy and cryptocurrencies. Monnero will likely rise over 1000$ soon if it gets to replace or even complement Bitcoin (which it will possibly do soon) and it may even overcome Dash as the top private currency.
Hope you liked, if so, please uproot and follow for more!
