Monero dépasse 300$ après trading effréné sur Bithumb

Published on 06 December 2017 by Cryptovest Staff

After spiking and crashing to around $80 and hovering there for weeks, Monero broke out and passed the $300 level within days.

After a series of all-time highs for altcoins, Monero (XMR) continued with another breakout. The CryptoNote coin offering veiled transactions rose to $305.71, after adding another 30% to its price overnight on crazed Korean trading.

Not even talk of upcoming regulations of the crypto space in Korea could cool the markets, as several digital assets traded at a premium on the leading exchange Bithumb. For a short time, Monero passed Bitcoin Gold and the market caps of both coins remain in a head race. XMR is more than 57% up in the past seven days, rising even faster thanBitcoin. The previous breakout for Monero stalled at around $180 before retreating.

The climb of Monero has coincided with a slide of around 15% in the Bitcoin Gold price, toward $293.56. Bitcoin Gold is still gaining trust and may be a while before discovering a price trend, as its start included several glitches and a large loss of around 300 BTC and BTG, which somehow tarnished the coin's image.

BTG also faces slow trading as deposits to exchanges need a lot of verifications and a slow network makes the requirement near impossible.

But Monero has done an additional thing- trying to become the coin that fuels an active economy of direct payments, instead of relying on exchanges. Despite the growing price, Monero owners are looking for ways to engage directly via this asset, while remaining as anonymous as the technology allows.

#Moneroto be accepted as payment by 45 musicians including@MariahCarey,@Sia,@Weezer,@LanaDelRey,@thelumineers,@G_Eazy,@DollyParton,@dixiechicks,@Slayerfor holidays#crypto#xmrhttps://t.co/xRHBYq5gyt— Laura Shin (@laurashin)December 5, 2017

Besides, the trend toward private transactions has put several digital assets in competition. The Monero current idea leader, Riccardo Spagni, has noted that ZCash has a lesser security. Other altcoins, such as DASH, have similar vulnerabilities, while remaining more private than Bitcoin.

The one problem with Monero is that full desktop wallets are cumbersome to run, and MyMonero is vulnerable to phishing and copied sites. But despite the flaws, it seems Monero is coming in fashion.