Monero's peak value

[coinlary]

I'm seeing this as some people might be taking advantage of Monero's properties, especially its privacy features. Maybe there are some shady things going on and XMR is the way they transact. Mostly, it's like ZEC, which also went up in price.

There're definitely shady things going on  just like how shady things is going on with fiat cash. There's no difference  just digital world thing, everything can't be transparent.

Even though, not all people who uses monero might be into shady things, some might just want it for  privacy, while we still have few numbers of people who also take it as investment.

I wish I were able to trade this  

DEXs

[Dkstx$~]

Delisting Monero from many bigger cex hasn't done anything wrong with the price, instead, it keeps skyrocketing till this day. I am really surprised about this price reaching new ATH, it's amazing and I'm wondering too the major push behind xmr.
What if XMR was available on major popular exchange, could you imagine to have reached $1500 per one? This questions just runs through my brain just now.

In my opinion, XMR’s rise is driven by real utility, strong conviction, and limited supply. Even after major CEX delistings, demand stayed strong. If listed everywhere, $1k+ wouldn’t be surprising.
In my opinion, XMR’s price is rising because of real use and trust.
If it were on major exchanges, the price could have gone much higher.

[OmegaStarScream]

DEXs

More like non-KYC instant exchanges, I don't believe there are many DEXes that support Monero. Except maybe one or two that supports Atomic swaps, but that's only for BTC <> XMR. There are none that support the use of stablecoins or other coins in a fully decentralized way as far as I know.

[Ahli38]

What is your opinion about the increase in price of monero?

Why are people buying this asset while the "entire" world is preparing to crack down on privacy coins and delist them from exchanges (because of all that money laundering nonsense and other "holy" justifications for banning something that governments can't track and control)?

Monero's rise has been quite rapid considering its price last year. And this year it has doubled in value. There are many reports circulating that regulatory pressure on the global digital asset sector is increasing. And that has caused several other privacy coins such as Monero/XMR to increase quite dramatically. Privacy coins are undeniably still useful or even necessary at this time as they provide transaction confidentiality. This month the price has been fairly stable above $400. And perhaps it will continue to increase if market demand for privacy coins also increases. I'm confident that the strength of the community within it also contributes to increasing the value of Monero itself.

[d5000]

I don't believe there are many DEXes that support Monero. Except maybe one or two that supports Atomic swaps, but that's only for BTC <> XMR. There are none that support the use of stablecoins or other coins in a fully decentralized way as far as I know.

True decentralized exchanges that support Monero are:

- Bisq (can be used to swap to other altcoins via Bitcoin, but is expensive.)
- Eigenwallet (atomic swap, only Bitcoin, formerly known as "UnstoppableSwap")
- RetoSwap (P2P exchange based on Haveno protocol, BTC and several altcoins and fiat, with fee - but could theoretically be forked as it's open source software)
- BasicSwapDEX (open source P2P exchange, several altcoins and BTC, but no stablecoins)

Borderline decentralized:

- Robosats (P2P exchange operating on web interface.)

[Abiky]

I honestly don't think an altcoin which was at $100-$150 2 years ago only and now is at $470 "sucks". It only crossed $200 a year ago

See the Coingecko chart since 2024:

There has been a continuous uptrend, stronger than Bitcoin's or other altcoins'. In hindsight XMR was one of the best investments in the last years, particularly since early and mid 2024, when you invested in that year it even surpassed gold (XMR: ~200%, Gold: ~100%). Only silver was even better ...

Compare that with the ultra-hyped Solana with a minuscule ATH (it's now lower than in 2024) and ETH which didn't achieve any ATH

And no, Monero isn't banned in many nations, a full ban exists imo only in the UAE, where a lot of things are banned, including intercourse outside marriage, WhatsApp calls and even e-cigarettes.

Monero is banned in the UAE? I've thought the UAE was a crypto-friendly country. It's one of those places where you don't have to pay taxes (zero capital gains tax) on your crypto holdings. Just like El Salvador. But I get it. Monero is a privacy coin, so it will face backlash from governments worldwide. Nothing to be worried about. In fact, this tells us XMR is working as intended. A decentralized cryptocurrency that's truly censorship-resistant.

Despite the recent dip in market prices, Monero is still holding above $450. Perhaps, that's the new "bottom". At least, it's much more valuable than the "wannabe" privacy coin Zcash. If people get to realize the true value of privacy coins, Monero would go even higher in the long run. $800 - $1k might be the next target. We'll see what happens.