Monero Price Soars 5% as Privacy Coin Outshines Bitcoin

2 weeks ago 18

Rommie Analytics

  • On Sunday, Monero (XMR) price witnessed a spike of 5%, helping its price to soar from $373 and $397 with a market capitalization of $7.35 billion.
  • The surge in the XMR price comes after it soared above a major resistance level at $378, and if it manages to hold this position for long, it could see a further rally.
  • The current price of XMR is above the 50-day exponential moving average and 200-day moving average, which is a major bullish sign. 

On April 26, Monero (XMR), one of the leading privacy coins, soared by around 6% in the last 24 hours, sparking euphoria in the privacy coin community. 

The surge comes after an impressive rally in Bitcoin (BTC), which currently holds above $77,000. This rally in BTC has sparked bullish sentiment across the overall crypto market. 

At the time of writing this, MoneroXMR5.19%...

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