[DigitalToday reporter Chi-gyu Hwang] Privacy coin Monero (XMR) has surpassed $500 for the first time since May 2021, Cointelegraph reported on Saturday.
With Zcash (ZEC) engulfed in internal governance conflict, Monero rose 20 percent in a week to $500.66. Zcash, meanwhile, fell 20 percent after its development team left.
If Monero fails to break through the $500 to $520 range, it could plunge 40 percent to 95 percent as it has in the past. If it succeeds, it could have room to rise to $775 by 2025, Cointelegraph said.
Investors should watch for historical patterns and volatility, Cointelegraph added.
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Chi-gyu Hwang
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