Monero's (XMR) recent upsurge intensified at the start of this week on plans for adoption by two large, darknet markets but where will the cryptocurrency head next? Posting an all-time high at $7.00, XMR-USD on the Poloniex exchange has since been tempered below $4.00, trading at $3.80 at the time of writing.
It is the first time bitcoin has been challenged with a substitute in these markets, as the novel protocol behind monero enables anonymous transactions. However, monero has to still achieve a strong enough network effect, as anonymizing payments require frequent transactions of similar sizes...
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