Cryptocurrency centered on monero privacy
He has surpassed Litecoin and Toncoin to qualify among the 25 main digital assets for market value.
The so -called Flippening is characterized by XMR market capitalization that exceeds $ 7.5 billion, which is accompanied by the $ 7,48 billion ton and $ 7.35 billion LTC, according to Data Source Coingcko.
Monero (XMR) is a decentralized cryptocurrency of equal to the same with technologies to improve privacy to obscure the details of the transaction. That makes traditional financial monitoring and interception methods largely obsolete, which explains why criminals love cryptocurrency.
Earlier this year, a means of communication linked to the province of the Islamic State (ISIS) of Pakistan published a poster that requested contributions from “Jihad with wealth” and sought donations in Monero.
Even so, the prices of the controversial currency have increased more than 100% to more than $ 400 this year, the arrival levels for the last time in early 2021, as shown in Coindesk data. Supposedly, the rally has been directed by optimism about the imminent improvement of privacy and rumors of re-list by the main exchanges, including the coinbase that quotes in the United States.
Meanwhile, Litecoin (LTC), considered silver to Bitcoin’s gold, has fallen 6% this year to operate below $ 100. Toncoin, which is deeply integrated into the economy of the application of Telegram social courier, has fallen 25% this year.
