Monero Soars 50% As Crypto Market Weakens, What’s Behind the Rally?

Monero Soars 50% As Crypto Market Weakens, What’s Behind the Rally?

Popular privacy coin Monero (XMR) has been on a rally since the start of 2022. The cryptocurrency appears to be moving on its own as the crypto market trends sideways.

Related Reading | Monero And Zcash Take Off With 15% Gains, Here’s What May Have Spurred The Rally

Recently, XMR bulls are displaying more strength. At the time of writing, XMR trades at $285 with a 6% profit in 24 hours, a 34% and 50% profit in the last two weeks and 30-days, respectively.

XMR on an upward trend on the…

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