Monero (XMR) enthusiasts were excited to see that during the past few days Monero surged and the positive sentiment came back into the crypto market.
XMR was able to surpass Tron (TRX), Cardano (ADA) and Stellar (XLM), and the privacy-oriented coin is still occupying the tenth position on CoinMarketCap.
XMR is trading in the red at the moment of writing this article, just like most cryptos today. XMR is currently priced at $91.20.
Monero’s popularity on the rise
This year, XMR’s popularity has been growing without a doubt.
The coin has been gaining more interest from investors these days, and all of this is due to the strong privacy features that it flaunts.
The Monero development team has been working on perfecting the project, and more investors find it one of the best choices for an investment.
It’s also worth noting that during a recent interview with Rice Crypto which is a famous YouTube channel which highlights cryptos, Monero’s Riccardo Spagni addressed the need for privacy for people who use digital assets to make transactions.
Even though Monero has also been seen as a controversial coin, investors are looking at the digital asset as a great investment for the future.
Reuters found itself in hot water a while ago when the publication criticized Monero for reportedly being involved in various illegal activities.