This coin has been forgotten for 1+ year since the first ATH happened, it never close to the last peak. Now, in a matter of days, we have seen the ATH getting destroyed and we are at a price higher than ever before.
Why is this happening? Is there any solid reasons, or is just a "buy rumor sell news" scenario?
Do people in dark markets are willing to use XMR when they need to buy BTC to begin with? whats the point?
Any technological advancements in XMR that I have missed?
Why this pump? I may get in but man this has to correct with a dip. Also im scared this can start crashing and become stagnant again. At the end of the day BTC will keep getting more anonymous with further updates.
these things usually happen together, it means that it is not just the news, it starts with whales accumulating the coin then, they start pumping then they release the news and make it big and then others join it making the pump that much bigger.
otherwise a single news about darknet and monero is not going to generate mad amounts of demand overnight. these things take time.
Isn't that the pareto rule in action? Most of the low-capitalization coins are constantly being dumped by dumpers and those, with vision, have to buy off the attrition.
NEM was another example of that. Sat at $1 million capitalization and people were dumping out a lot. Later it hit $120-$150 million ATH.
Bitcoin took almost 5 years until it hit $1250. 5 years might be the golden number for accumulation.
