In less than 24 hours monero went from being traded below $200 to jumping above $250 on tuesday! A gain of roughly 28%. At the time of writing this article monero is $290.26 with a market cap of $4,482,149,340.
South Korea-based Bithumb led the charge. The korean markets valeud monero at nearly $40 above the average price on top exchanges around the globe.
Factors behind this price surge
On an episode of Real News with David Knight, cybersecurity pioneer John McAfee praised monero as an alternative to bitcoin
Monero announced Project Coral Reef, an online shopping initiative that will allow music fans to use monero to purchase holiday gifts from more than 35 high-profile musical artists, including Mariah Carey, Toby Keith, and Fall out Boy at discount prices.
University of Michigan-Dearborn researcher Jeffrey Quesnelle published a paper that raised questions about the privacy of Zcashโs shielded addresses.
