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Monero (XMR) Price Skyrockets 10 Percent and Surpasses Tron (TRX)

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  • Alex Dovbnya
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    Monero (XMR) surpasses Tron (TRX) with Cardano (ADA) and LEO being the coin's next targets

Monero (XMR) Price Skyrockets 10 Percent and Surpasses Tron (TRX)
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

The price of Monero (XMR), the privacy coin that usually moves in tandem with Bitcoin (BTC), has spiked by about 10 percent over the last 24 hours, CoinStats data shows. At the time of writing, the cryptocurrency that offers its users complete anonymity is trading at $56.88, its highest price level in more than a week.   

XMR Price
image by coinstats.app

The recent price increase allowed Monero to trump Tron (TRX) and occupy 13th place by market capitalization on CoinStats. Justin Sun's controversial coin is currently down 6.11 percent, thus becoming the worst-performing coin inside the top 20.  

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According to data provided by CoinMarketCap, the leading cryptocurrency ranking website, the two altcoins are also neck-to-neck. The market capitalization of Monero surpasses that of Tron by less than $1 mln. 
 

Monero and Tron

If Monero exceeds its gains, it could also edge out Cardano (ADA) and Bitfinex's LEO token that are sitting at 12th and 11th places respectively. 

However, Stellar (XLM) is currently out of reach for the top privacy coin, which means that it isn't likely to reclaim its spot within the top 10 anytime soon. 

Meanwhile, BTC is trading just below the $8,000 level, but John Bollinger predicts that its recent drop could be a head-fake.

Will Monero break into the 10 coins on CMC? Share your prediction in the comments!  

 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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$13 Mln in ETH Transferred to Poloniex from Wallet Inactive for Almost 2 Years

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  • Yuri Molchan
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    The Whale Alert account reports that nearly 89,000 ETH was wired to Poloniex from a wallet that had remained inactive since April 2018

$13 Mln in ETH Transferred to Poloniex from Wallet Inactive for Almost 2 Years
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On Friday, the Twitter account Whale Alert that tracks large movements of crypto on the blockchain, spotted nearly 89,000 ETH (that’s around $13 mln in Ethereum) sent to the Poloniex exchange.

The account points out that the wallet which sent the money had been inactive since April 1 last year. No one has used it for nearly two years, apparently, waiting for the crypto winter to be over and hoping for a price surge afterwards.

One of the possible reasons of this wallet becoming active again is the Ethereum hard fork Istanbul which is about to happen today, on December 7, at block 9069000.

Very often the price of an asset goes up after a major upgrade (the Istanbul hard fork will not cause an appearance of a separate coin as it was with Ethereum Classic).

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Earlier, U.Today reported that the South Korean exchange Upbit suffered from a hacker's attack and lost around $50 mln in Ethereum. Whale Alert on Twitter has recently published data about $37 mln stolen from Upbit that was moved by the hacker from one wallet to another.

The head of Binance, CZ, has promised that all funds stolen from Upbit that would end up on Binance would be immediately frozen.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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