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Monero [XMR] gains 34% this week in light of Monero V [XMV] hardfork

Sthuthie Murthy

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Undettered gain for Monero this week despite the upcoming hardfork
Source: Pixabay

Monero [XMR], in the past seven days, was the biggest gainer in the ‘Top 20 tokens’ category according to coinmarketcap gaining 34.32%. Monero has jumped significantly despite the hard fork news.

Ranked No. 9 in the global market with its current value at $373.35. Its blockchain technology protects privacy in three ways: Ring signatures, stealth addresses, and RingCT, enabling the sender to hide among other transaction outputs, receiving address and the amount of transaction respectively. As a result, it encapsulates an ambiguous blockchain contradicting stark sharply with Bitcoin. It is private, untraceable and decentralized.

Being one of the top 10 coins, Monero is traded on a lot of exchanges but according to the latest 24-hour trading volume, the biggest exchanges were Bitthumb, HitBTC, Bitfinex, and Binance. Monero [XMR] currently has a market capitalization of $5.8bn and a circulating supply of 15,789,60 XMR.

There were many random Monero comments out of which one of them was Gauri, a Monero follower, and a Twitter user tweeted:

“50 cents doesn’t have any bitcoins, but I will not be surprised if he had some Monero.”

Monero V, the new buzz recently released a sneak peak video about their next launch, the GUI wallet. Monero V will be created and Monero holders will get 10 XMV tokens for each XMR.

Sumo Koin, an XMR observer tweeted,

“People are buying XMR many days before the fork, which suggests that XMV airdrop will be successful with many Monero users revealing their keys compromising theirs and the rest of XMR user’s transactions for easy profit. Is it really the time for quixotic battles with ASICs?”

Joshh, a blockchain enthusiast says:

“$XMR is a solid coin and won’t drop after the fork like Zclassic”

Crypto enthusiasts have got all their hopes high on this elating currency which has seen a considerable increase of 8.43% in the past 24hrs.


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Sthuthie Murthy is a full-time reporter at AMBCrypto. She has been researching and writing about the Blockchain technology for a year now. Her passion for blockchain has led her to be a part of AMBCrypto's news reporting team. She does not hold value in any cryptocurrencies currently.

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