Overview
- XMR set successive all-time highs above $700 this week, with some outlets citing peaks near $800 before a pullback to the low $700s.
- The rally briefly lifted Monero into the top 15 cryptocurrencies by market value, with snapshots showing a market cap near $13 billion.
- Rising demand for default-private transactions coincides with tighter KYC/AML policies and EU plans to curb anonymous crypto accounts by 2027.
- Capital rotated from rival privacy coins such as Zcash following governance turmoil, reinforcing Monero’s sector leadership.
- Santiment flags extreme social buzz and overbought MFI/RSI readings, while reports of surging volume, higher open interest, and large short liquidations boost momentum but elevate pullback risk.