Monero (XMR) Shows Stability Above $90 Ahead Of The Monero Village DefCon 2019

Monero (XMR) enthusiasts were excited to see that during the past few days Monero surged and the positive sentiment came back into the crypto market.

XMR was able to surpass Tron (TRX), Cardano (ADA) and Stellar (XLM), and the privacy-oriented coin is still occupying the tenth position on CoinMarketCap.

XMR is trading in the red at the moment of writing this article, just like most cryptos today. XMR is currently priced at $91.20.

Monero’s popularity on the rise

This year, XMR’s popularity has been growing without a doubt.

The coin has been gaining more interest from investors these days, and all of this is due to the strong privacy features that it flaunts.

The Monero development team has been working on perfecting the project, and more investors find it one of the best choices for an investment.

It’s also worth noting that during a recent interview with Rice Crypto which is a famous YouTube channel which highlights cryptos, Monero’s Riccardo Spagni addressed the need for privacy for people who use digital assets to make transactions.

Even though Monero has also been seen as a controversial coin, investors are looking at the digital asset as a great investment for the future.

Reuters found itself in hot water a while ago when the publication criticized Monero for reportedly being involved in various illegal activities.

Back then, the Monero Outreach community fought back and posted their own blog post in which they were highlighting the benefits that Monero can bring for the crypto market.

Monero Village DefCon 2019 starts tomorrow

Other than this, the Monero community is waiting for an exciting event which is scheduled this month.

The important upcoming event scheduled for the Monero community is Monero Village DefCon 2019  which will take place between August 8 and August 11.

According to the official website, the Monero Village has been created by the Monero community members with the main goal of teaching people about Monero.


Companies Mentioned

CoinMarketCap
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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Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

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