Privacy-centric cryptocurrency Monero
It surpasses Litecoin and Toncoin and ranks among the top 25 digital assets by market value.
According to data source Coingecko, so-called flipping has a market capitalization of XMR of $7.5 billion, more than LTC’s $7.35 billion.
Monero (XMR) is a decentralized, peer-to-peer cryptocurrency with technology that increases privacy to obscure transaction details. This makes traditional financial tracking and intercepting methods largely obsolete. This explains why criminals love cryptocurrency.
Earlier this year, a media outlet linked to the Islamic State of Pakistan (ISIS) reportedly released a poster calling for the contribution of “Jihad with Wealth” and called for a donation at Monero.
Still, the controversial coin price has risen by more than 100% this year to over $400, reaching the level seen in early 2021, Coindesk Data shows. The rally appears to have been led by impending privacy upgrades and optimism about rumours of relisting in major exchanges, including US-listed Coinbase.
Meanwhile, Litecoin (LTC), considered the silver of Bitcoin, has fallen 6% this year, below $100. Toncoin, deeply integrated into the economy of social messaging app Telegram, fell 25% this year.
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