Monero Up 17% in Last 7 Days as Privacy Coins Gain Traction on Crypto Market
With the growing demand for "privacy coins" Monero and other cryptocurrencies that offer an anonymous and secure experience on the blockchain are enjoying rises in their value. XMR gained almost 17% in the last seven days despite the ongoing correction in the crypto market, per CoinMarketCap.
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As the data suggests, XMR almost completely ignores the movement of Bitcoin and other digital assets on the market, moving with no correlation for the last two weeks. Despite an almost 60% correction at some point, XMR has already recovered almost half of the loss it took in April.
Despite moving in a downtrend, XMR ‌remains one of the better-performing assets on the market since i...