Monero (XMR) Adoption Increases – Speculations Claim That A Bullish Momentum Is Approaching

Monero is becoming more and more popular these days, and it seems that there are more investors who are interested in the privacy-oriented coin.

Monero’s Riccardo Spagni has been highlighting the importance of privacy for a really long time and it seems that his arguments start to make sense for more crypto enthusiasts.

During a recent interview with Rice Crypto which is a famous YouTube channel which highlights cryptos, Riccardo Spagni addressed the need for privacy for people who use digital assets to make transactions.

OurBitcoinNews noted that Spagni mentioned Tari which “is a decentralized assets protocol that is going to be built on top of Monero”. Project Coral Reef is an initiative which allows XMR transactions in “50 great online stores”

Now, it’s been reported that Loki which is a low-ranked coin below the 300 positions on the CMC has been mentioned together with Monero.

Ourbitcoinnews writes that “it was announced that Bitcoin and Litecoin addresses linked to 3 major “kingpins” involved in the drug trade had been blacklisted. This was due to continuous efforts of the Department of Treasury [associated with the United States of America].”

Monero’s price could be boosted soon

The trend regarding XMR’s price seems bullish, and it shows that buyers are not waiting for the crypto to plunge to the range support. This also allows bulls to establish a higher low setup.

Nik Patel tweeted the following not too long ago:

While the most important coins in the crypto market are trading in the green today, it seems that XMR is trading in the red on CMC.

The privacy-oriented coin is priced at $81.33.

In other news, XMR was in the spotlight not too long ago, after reports coming from Cryptovest claim that the Varonis Security Research has recently discovered a new strain of mining malware that’s able to disguise the mining for Monero on consumer electronics or networks.


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CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

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Andreas Townsend Author

I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.

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