This coin has been forgotten for 1+ year since the first ATH happened, it never close to the last peak. Now, in a matter of days, we have seen the ATH getting destroyed and we are at a price higher than ever before.
Why is this happening? Is there any solid reasons, or is just a "buy rumor sell news" scenario?
Do people in dark markets are willing to use XMR when they need to buy BTC to begin with? whats the point?
Any technological advancements in XMR that I have missed?
Why this pump? I may get in but man this has to correct with a dip. Also im scared this can start crashing and become stagnant again. At the end of the day BTC will keep getting more anonymous with further updates.
Part of it is due to the news that darknet markets are accepting XMR. Do not deny it, it is big news. Also most of the rise is due to the traders pumping the price then selling them to the speculators, then pumping it again then selling again higher. Well you know the drill. It will go as high as it can until there are no buyers because the rise will surely end. We have seen this everywhere even in the real markets around the world. In the cryptosphere it happens much faster.
