Monero (XMR) experienced a sharp price increase of 9.90%, reaching $522.12 on August 31, 2026, without a confirmed single catalyst. The surge is notable for its steepness and distinct move compared to typical altcoin sessions, but it comes with thin spot trading volume, suggesting the rally may be driven more by leveraged positions than broad market demand. Potential drivers include ecosystem developments like THORChain enabling live Monero swaps and ongoing protocol updates, though none are confirmed as triggers. Investors should watch spot volume and funding rates to gauge if the rally can sustain or if a pullback is likely due to liquidation risks.
Over the weekend, the cryptocurrency market remained calm with minimal price changes in major assets like Bitcoin and Ethereum. Bitcoin held steady near $78,000, while Ethereum saw a slight decline. Monero stood out with a notable 9.9% gain, suggesti...
THORChain launched version 3.20, allowing users to swap Monero (XMR) and Zcash (ZEC) directly with Bitcoin, Ethereum, and stablecoins without centralized exchanges or wrapped tokens. This upgrade supports privacy coin holders amid increasing delistin...
The crypto market cap closed the week flat at $2.73 trillion after volatile swings between $2.70 trillion and $2.79 trillion, following a prior week’s $500 billion surge. Bitcoin showed resilience, finishing with a modest 1% weekly gain and over 20% ...
Zcash (ZEC) surged to an eight-year high near $868 in August 2026 following Grayscale's launch of the first US spot Zcash ETF on NYSE Arca, signaling strong institutional interest in financial privacy. The recent price rally also reflects confidence ...
