2026-01-12 12:16:41

🟢 Daily top crypto gainer: @monero

$XMR | +18.2% (24h) | $571.05

Monero = privacy-focused cryptocurrency with default anonymization.
Uses ring signatures, stealth addresses, and confidential transactions to ensure untraceable payments.

Price drivers:

• Privacy narrative resurgence: XMR rallied to $579 as demand for financial anonymity spiked. 24h volume jumped 230% to $338M, organic buying, not manipulation. Gold hitting $4,600/oz + escalating US political tensions (Trump vs Fed) driving capital into privacy-preserving assets. XMR positioned as uncensorable alternative to surveilled traditional finance.

• Technical breakout after 8 years: XMR broke its 2017 all-time high of $517, ending an 8-year consolidation period. This triggered algorithmic buying and FOMO momentum. Next Fibonacci extension targets at $601.65 and $656.33. MACD histogram showing strong bullish acceleration.

• Altcoin season rotation: Privacy coins leading the altcoin rally, with Zcash up 700% YTD. Monero's relatively low $10.5B market cap (vs Bitcoin's $1.7T) allows for larger percentage moves when capital rotates from majors into alts.

Technical view:

• RSI: 88.26 (extreme overbought, FOMO momentum)
• Next resistance: $601.65–$656.33 (Fib extensions)
• Key support: $521.36 (23.6% Fib retracement)

ZEC-3,2%

BTC2,18%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.