very strong against the market today. you see any reason?
There is no particular trigger, I personally think it's just fundamentals. All alts have taken a battering, but there are a few that do actually have a) respect and b) a use case.
I know I am not the only long term follower of crypto who thinks Monero is one of the very few coins out there which has these two attributes.
The use case is of course
privacy, and being able to move money around easily without interference or being tracked is increasingly an issue. It is part of why Libra was baulked at (and why Zuck wanted to launch it) because he would know the last piece of the jigsaw: where, how and on what we spend our money.
The ability to move funds safely and away from prying eyes - if you live in a state that traces your every move, or won't let you take your money out if you leave - is beyond price. It could one day even be a matter of life and death - ask HK residents what they are concerned about...
So the use case exists. Being a freely and fairly issued coin with no premine, no 'cut' for masternodes or devs means trust in the coin is there, too.
Why now? Well, it's probably simply too low. Some people have decided this is too cheap not to accumulate again. Monero has historically had a habit of moving up very suddenly and leaving people behind.
So, it's probably just 'about time'. A planned regular protocol upgrade is due in next month, which can't hurt, either.
If you want privacy and pretty decent liquidity from an honest coin which as recently as last year was priced over $500, and now is nearly all mined? Well maybe it's worth a punt.
DYOR
