Perhaps Monero was following the price of ETH during the BTC rise, as XMR holders like a lot of ETH holders and investors were too lazy or not interested in selling their coins to take some BTC +%.
I think it is not that much interesting if there is any correlation (I would not know why one should be there) between XMR and ETH. More important is to follow the development of the project and community and ignore the known FUDsters and fanboys.
I have bought XMR for 0.45 USD and added later more and will perhaps add further for this current price and then hold because I think that Monero has a huge potential in several niches (dark markets, privacy protection, privacy sensible microtransactions, offshore...).
This is an interesting comparison: http://www.livebitcoinnews.com/is-monero-an-underrated-anon-based-cryptocurrency/
I think it is not that much interesting if there is any correlation (I would not know why one should be there) between XMR and ETH. More important is to follow the development of the project and community and ignore the known FUDsters and fanboys.
I have bought XMR for 0.45 USD and added later more and will perhaps add further for this current price and then hold because I think that Monero has a huge potential in several niches (dark markets, privacy protection, privacy sensible microtransactions, offshore...). This is an interesting comparison: http://www.livebitcoinnews.com/is-monero-an-underrated-anon-based-cryptocurrency/
Thank You for your response. I have also high hopes on XMR. and will hold it until it will be profitable
