Monero (XMR) Returns to Top 25 Cryptocurrencies by Market Capitalization

Monero (XMR), a privacy-focused cryptocurrency, has surprisingly returned to the top 25 rankings with significant price gains in recent weeks.

Monero (XMR), a privacy-focused cryptocurrency, has surprisingly returned to the top 25 cryptocurrency rankings with significant price gains in recent weeks.

Its market capitalization has reached $8 billion for the first time in years, making it one of the biggest surprises among veteran altcoins this cycle.

Yesterday, the price of Monero (XMR), the largest untraceable privacy cryptocurrency, reached a multi-year peak above $417.

Despite today’s slight decline, Monero (XMR) is still being traded at $411 with increasing trading volume.

This has pushed the market capitalization of Monero (XMR) to over $8 billion, putting it in 25th place. It has now surpassed Telegram-related Toncoin (TON) and Litecoin (LTC).

Monero (XMR) Surprises With Rise Despite Delisting and Community Efforts

Monero (XMR) has managed to achieve this rise despite facing strict delisting policies.

Due to various regulatory frameworks, the currency has been delisted from almost all major exchanges in Europe, with only Huobi Global remaining as a major exchange listing Monero (XMR).

However, the community has remained optimistic, and Monero (XMR) has managed to shed its label as a crypto used for criminal activity.

According to a recent report by Chainalysis, Bitcoin (BTC) and especially Tether (USDT) are more likely to be used by crypto scammers than Monero (XMR).

Monero (XMR) is widely recognized for its advanced privacy features, which enable users to perform transactions without disclosing their identities or transaction amounts.

These capabilities have made Monero (XMR) a preferred choice among investors who prioritize financial confidentiality.

The future of Monero (XMR) looks bright with its significant price increases and increase in market capitalization.

Moreover, increased adoption and recognition from the crypto community could help Monero (XMR) maintain its position in the market and perhaps even achieve a higher capitalization value in the future.

The rise is also attracting the attention of new investors who are looking for safe and anonymous assets to add to their investment portfolios.