The Monero price went parabolic on Wednesday morning as investors waited for a statement by Joe Biden on cryptocurrency regulations. It is trading at $202, which is the highest it has been since January 20th this year. It has risen by more than 53% from the lowest point this year.
Privacy coins in demand
There are three possible reasons why Monero price is rising. First, there are concerns that the new sanctions on Russia will lead to more cybercrime. Analysts expect that the Russian…
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