Monero Surges As Crypto Enters New Hype Cycle, Hard Data Shows

Monero Surges As Crypto Enters New Hype Cycle, Hard Data Shows

Monero’s recent tenfold surge in price set off a firestorm of speculation. While some point to the Bitfinex hack possibly increasing demand for stolen Bitcoin to be converted into something less traceable, other indicators point to dark market integrations, especially from AlphaBay, as the catalyst for the price spike. CoinTelegraph reached out to Fran Strajnar, co-founder and CEO of data and research provider BraveNewCoin, for more concrete data to provide insights into the reason for Monero’s price spike. According to Strajnar, cryptocurrency is entering a new cycle of hype, and the....


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