Monero’s Bubble Pops, Price Plummets As Currency Loses Top Five Ranking

Monero’s Bubble Pops, Price Plummets As Currency Loses Top Five Ranking

Monero’s price bubble has popped, the value tumbling as investors scramble to get out. Recently the rising star of the cryptocurrency world, the coin’s incredible growth spurt has reversed, causing the price to plummet and the coin to lose its coveted top-five status. The privacy-focused cryptocurrency, with a strong underground following but far from the top ten, experienced a significant price surge this summer, growing in value tenfold over the course of just three months, the vast majority of that over just a few weeks. At its peak, Monero claimed a $170 million market cap, pushing the....


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Quotes

With Bitcoin, you can send any amount of money, to anyone, anywhere in the world, instantaneously and for basically free. And you don't have to ask permission from a bank, a corporation or any government.

Roger Ver, Bitcoin Angel Investor and Evangelist