XMR jumps as Monero adoption and network upgrades drive momentum

XMR joined more than 9% on February 6 after the Privacy Protocol presented the solid performance of its rust -based cuprate node.

Monero (Xmr) has reached an intra -day summit of $ 238.55, extending its winnings to 24% since the start of the year. The market capitalization of the confidentiality part exceeded $ 4.4 billion, which briefly makes it the 28th greatest cryptographic asset by CoinMarketCap, before settling at $ 4.28 billion from the last check during the Asian session of the afternoon.

Why did XMR joined today?

XMR jumped after the project confirmed The fact that its rust -based monero node, cuprate, has delivered solid performance, finishing rapid synchronization in 4 hours and complete verification synchronization in 20 hours.

In Blockchain Networks, a node is a computer that contributes to network maintenance by checking and relaying transactions.

Unlike Monerod, the default monero node software that takes days to fully check the blockchain, Cuprate accelerates the process while guaranteeing independent validation. Faster synchronization allows more users to execute complete nodes more easily, strengthening the decentralization of Monero and the overall security of the network.

Meanwhile, a hotel in Georgia recently announcement that he started to accept the XMR for payments. The adoption of XMR, adding real utility to the token, seems to have aroused new interest among investors in cryptographic assets.

Inasmuch as confidentiality who has Face regulatory challengesresulting in delimitation According to several exchanges in the past year, the Monero Prize is also largely motivated by the feeling of the community surrounding the token.

By data Santiment, weighted social feeling has been positive, indicating that the majority of the community now expects a potential increase in the price of XMR in the short term.

In addition, the interest of derivatives has also increased for the token. According to Coinglass dataThe interest opened in the XMR term market increased by 15.37% in the last 24 hours, reaching $ 20.98 million. This means that more traders are positioning themselves for rising potential.

XMR technical analysis

On the 4 -hour XMR / USDT price table, Altcoin’s price was higher than the exponential mobile average of 50 days and 200 days, which means that the bulls dominated the market during writing.

The MacD and Price oscillator lines have also increased, confirming that the force of the upward trend has not yet decreased. In addition, the relative force index increased in the last 72 hours, at 58 years old during writing. As such, it is sure to assume that there is more room for growth.

During last week, merchants withdrew $ 8.4 million from XMR from centralized scholarships, according to Coinglass data.

If the current request undergoes, XMR could continue its rally to retain the $ 241.59 reached earlier this month. A feeling also shared by the well -followed market analyst Barney in a recent post X.