The price of Monero (XMR) has exploded over 40%today. This perennial breakthrough, according to the market's attention and analysts, said that the momentum may not be exhausted yet.
Crypto Trader Javon Marks pointed to a multi -year diagram pattern, recommended The XMR is over $ 480 to the goal, which would mean over 75%of current prices.
XMR adds massively to its post -break profits and seems to be directed directly to its goal at $ 484.44! If this target is still played, it may take another +75% upside down …
This comes when the XMR exploded higher in the last 24 hours, posting one of the strongest demonstrations of the years. According to Coingecko, the XMR briefly touched around $ 350, the highest level from 2020 before chilling to about $ 260 at the time of writing.
The market capitalization of the privacy coin increased by about $ 2 billion during the rally, now sitting just under $ 6 billion. Moving prompted Monero to become the 27 largest cryptocurrency, names like hyperliquid (Hype) and PI network (PI).
This recent price pump for XMR Token makes it the second best performer in the last 24 hours, only behind the Virtuals Protocol, one of the largest AI agents crypto projects. Its virtual sign increased by more than 23.5%, currently costing $ 1.34.
Similarly, Flare FLR Token and Nexo (Nexo) saw the more modest benefits, 13% and 6.9%, respectively, while Bitten (TAO) is still using last week's price increase.
Is a hack behind Monero Price Spirg?
Although Monero's price increase can be as impressive as it is, there are those who believe that the XMR pumped due to the mass $ 330 million Bitcoin (BTC) theft.
This is, according to Sleuth Zachxbt, a popular chain, noting an important BTC theft involving 3520 BTCs of about $ 330.7 million, which could be one of the largest crypto stone of the year.
The suspicious transaction, reported on April 28, shows that the stolen bitcoin moves from the victim's wallet to BC1QCRY… VZ55G. From there, the money was quickly redirected through at least six shifts and changed Monero (XMR), which is a privacy coin known for hiding the trails.
