It seems Monero just made a new ATH in USD terms. Almost 9 years after touching $500 for the first time.
This is a speculative burst. Don't get to excited. Monero is about usage, not speculation.
In terms of purchasing power vs (2017 USD) we need to hit $1000 first.
Not really, price chart is pretty independent of ZEC price action. The breakout was a long time coming. Most people hold ZEC custodially in coinbase or Binance where Monero is banned. Capital can't easily transfer over due to delistings.
I don't believe this is a speculative burst. This is capital flowing out of bitcoin and ethereum.
Still, making an ATH in the current crypto market is amazing.
I don’t think it’s speculative…but I am a bit of a newcomer
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