Monero surged to a new all-time high near $598, lifting its market capitalisation above $10 billion for the first time.
Trading volume climbed past $300 million, signalling strong and sustained demand for the privacy-focused cryptocurrency.
Veteran trader Peter Brandt compared Monero’s breakout structure to silver’s historic rally that produced a powerful “god candle.”
Analysts said XMR has broken through long-term resistance with minimal pullbacks, indicating a firmly bullish structure.
Price continues to trend aggressively higher with buyers stepping in on every dip.
0xMarioNawfal said.
Monero’s market dominance rose to its highest level since 2023, suggesting capital rotation from other altcoins.
Rising geopolitical tensions and tighter enforcement have increased demand for untraceable crypto assets.
Analysts noted that freezes of trackable stablecoins have pushed investors towards privacy coins such as Monero.
Market watchers believe these conditions could support further upside for XMR into 2026.
At the time of reporting, Monero price was $567.17.