Asian Altcoin Stands Out, and other Coins Face Ups and Downs.
As observed in the weekend, the markets have gone predictably red. Bitcoin seems to be up by a couple of percents, but most of the altcoins in Asia are sliding during the morning trading session. However, Monero stands out from the rest as the leading altcoin.
According to CoinDelite reports, XMR is up by 15% today. It had jumped to a high level of $372 today from a level of $320 yesterday. Monero has been noticed as a better performing cryptocurrency during February, which rose by 11% when most of the other coins went low. XMR continues to climb in spite of being 37% up.
The price hike could be due to a hard fork and airdrop that is about to release around March 14.Due to this, the owners of Monero are likely to get 10x bonus of XMV tokens. It has become a monotonous pattern for all cryptocurrencies where price hike is caused due to significant forks or airdrops. Monero is predicted to rise to a rate of $400 again in few days. However, it has been pretty stable when other cryptocurrencies pumped and dumped and also reached an all-time high of $490 during early January spike.
The top exchanges that are used for trading Monero are Bithumb, Bitfinex, and Binance. Market capacity is $5.8 billion which puts Monero at the ninth position among the top 10. Trading of amount $218 million has been completed in the last 24 hours.
More on Monero can be found here: https://getmonero.org/.