ADVERTISEMENT

[email protected]

  • Submit Press Release
  • Submit Guest Post
  • Write for Kryptomoney.com
Latest Crypto News
  • News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Exchanges News
    • Regulations News
  • Price Analysis
    • Bitcoin (BTC) Analysis
    • Ether (ETH) Analysis
    • Ripple (XRP) Analysis
    • Litecoin (LTC) Analysis
    • Bitcoin Cash (BCH) Analysis
    • Binance Coin (BNB) Analysis
  • Industry
    • Events
    • Press Release
  • Start Here
  • Advertise
No Result
View All Result
  • News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Exchanges News
    • Regulations News
  • Price Analysis
    • Bitcoin (BTC) Analysis
    • Ether (ETH) Analysis
    • Ripple (XRP) Analysis
    • Litecoin (LTC) Analysis
    • Bitcoin Cash (BCH) Analysis
    • Binance Coin (BNB) Analysis
  • Industry
    • Events
    • Press Release
  • Start Here
  • Advertise
No Result
View All Result
Latest Crypto News
No Result
View All Result
Home News

Monero Price On The Rise | Privacy Concentric Cryptocurrency Rises

KryptoMoney Staff by KryptoMoney Staff
August 27, 2017
in News
0
Monero Price Rieses | Why Monero price increased | Monero News | Monero Price Updates | latest Cryptocurrency news | Latest cryptocurrency updates | XMR price
0
SHARES
56
VIEWS
Share on FacebookShare on Twitter

The Rise of Monero (XMR)

It was a very bullish week for privacy centric coins with cryptocurrencies like Monero, Dash, Zcash, Pivx and Verge making huge gains compared to the rest of the other cryptocurrencies. The price of Monero alsmost tripled when it jumped from $50 from last week to $148 this week. Monero price was continuously rising.

Same was the case for DASH. The price of Dash also rose more than $100 and made it’s new all time high at $409.

(Also Read: Top Ten Cryptocurrencies As On 27 August 2017)

Among so many choices, it is important to understand how these cryptocurrencies differ and which ones have the most potential to grow.

 Monero started out as a community project in the summer of 2014 after a lot of internal fighting among the original Bytecoin and BitMonero communities. The main problems with both those communities being that their coins were premined and the decision process less transparent than what the community wanted.

Since its inception, Monero has focused on true anonymity and fungibility along with keeping mining accessible to the average person by making mining ASIC resistant. Monero has come a long way since then proving itself to be a good store of value in face of the volatility that’s been seen in the cryptocurrency space.

Monero had its first major bull run where it went from $1 to $12 in August, 2016 when the deep web market AlphaBay decided to accept it. It has seen a steady growth since then to $50 up until this week where it has shot up to a high of $148 after settling in the $130 range. The most recent surge has been attributed to it being listed in the largest Korean cryptocurrency exchange Bithumb.

(Also Read: Why Monero Price Increased? )

 A 2012 study conducted by James Henry, former chief economist at consultants McKinsey & Co, estimates the wealth stored in offshore havens to be between $21 and $32 trillion. If Monero could tap into even 1% of that value, we would see a meteoric rise in its current market cap of $2 billion.

Monero (XMR) has solid fundamentals, employing battle-tested cybersecurity tech like Ring Signatures and Stealth Addresses along with a wide and engaged community which make this cryptocurrecny a good long-term hold.

Subscribe to KryptoMoney.com receive the latest cryptocurrency updates.

Tags: Latest Cryptocurrency NewsLatest Cryptocurrency UpdatesmoneroMonero NewsMonero Pricexmr
Previous Post

Top Ten Cryptocurrencies | Best Altcoins August 2017

Next Post

DASH Price Surges, Crosses $400 Mark and fetches over 3500 % of return.

Next Post
DASH price | DASH News | DASH cryptocurrency price | Latest Cryptocurrency News | Latest Cryptocurrency Updates

DASH Price Surges, Crosses $400 Mark and fetches over 3500 % of return.

Recent Stories

cryptocurrencies

The Impact Of Cryptocurrencies On The Global Marketplace

January 15, 2021
What Will 2021 Hold for Bitcoin and Crypto? BTC Price Prediction and Events To Watch Out for by Mid-2021

What Will 2021 Hold for Bitcoin and Crypto? BTC Price Prediction and Events To Watch Out for by Mid-2021

January 14, 2021
Crypto Payment

PayPal Crypto Trading Volume Climbed $242 In One Day

January 14, 2021
Government of Pakistani Province Announces Launch of Bitcoin Mining Farms

Government of Pakistani Province Announces Launch of Bitcoin Mining Farms

January 14, 2021
halving

Google Data Reveals “Ethereum” Searches Hit All-Time High

January 14, 2021
BTC/USD

BTC Price Analysis: In a Return Rally BTC/USD Grinds Past $40,000 Amid Grayscale Bitcoin Purchase of $80M

January 14, 2021
Wunderbit Trading

Wunderbit Trading – Copy Trading Platform That Suits All 

January 14, 2021
bitcoin

Top 7 Open-source Code Bitcoin Wallets

January 14, 2021
Bitcoin

Bitcoin Institutional Investors Not Worried About Recent BTC Decline

January 13, 2021
Crypto Analyst

Crypto Analyst Predicts BTC Will Plunge Below $20,000, BTC Up Over 2.7%

January 13, 2021

Email Subscription

Pages

About Us

Contact Us

Disclaimer

Get Latest Cryptocurrency And Bitcoin News

Privacy Policy

Write for Kryptomoney.com

Category

Events

General

Interviews

News

Price Analysis

Press Release

Sponsored

Information

About Us

Submit Press Release

Submit Guest Post

Contact Us

Social Icons

[email protected]

©KryptoMoney 2019 | Southridge Internet Corp

No Result
View All Result
  • Resource List
  • News
  • Price Analysis
  • Events
  • Press Release
  • Sponsored

©KryptoMoney 2019 | Ess Commerce Private Limited

  • bitcoinBitcoin (BTC) $ 35,715.00 9.53%
  • bitcoinBitcoin (BTC) $ 35,715.00 9.53%
  • ethereumEthereum (ETH) $ 1,155.91 4.07%
  • ethereumEthereum (ETH) $ 1,155.91 4.07%
  • tetherTether (USDT) $ 0.995098 0.64%
  • tetherTether (USDT) $ 0.995098 0.64%
  • bitcoin-cashBitcoin Cash (BCH) $ 477.75 7.33%
  • bitcoin-cashBitcoin Cash (BCH) $ 477.75 7.33%
  • binancecoinBinance Coin (BNB) $ 39.92 3.84%
  • binancecoinBinance Coin (BNB) $ 39.92 3.84%
Our websites require cookies enabled to provide you with an uninterrupted experience. Please continue without changing your setting to receive important notifications.I Agree