Altcoin Monero (XMR) Hits New ATH Price at $596.87, Stepping Closer to a 4-Digit Bull Price Target
- Altcoin Monero (XMR) hits new ATH price at $596.87.
- This shows the continued popularity of the privacy coin.
- The asset is now stepping closer to A 4-digit bull price target.
Anticipation for the first quarter of the New Yearin 2026 to usher in the altseason peak phase has grown stronger than ever, and this hype only continues to grow as altcoin prices rise once again. Presently, the price of Bitcoin is over $90,000, while the price of the pioneer altcoin asset, Ethereum, is trading above $3,000. Most recently, altcoin Monero (XMR) hits new ATH price $596.87, stepping closer to a 4-digit bull price target.
Altcoin Monero (XMR) Hits New ATH Price at $596.87
Earlier today, a popular privacy coin, Monero XMR, went on to hit a new ATH price at the $596.87 price target, just a short rise away from $600. This meant that the asset experienced a pump of over 15% in the last 24 hours alone. In detail, Monero has been on a steady rise throughout the last 7 days, marking a rise of over 32%, leading to growing bullish sentiments for a strong altseason breakout.
According to CoinMarketCap analytics, the price of Monero (XMR) is currently sitting at $567.68, showing a steady rise of over 37% over the last 30 days. The asset’s total market cap is also currently sitting at $10,486,833,573.39, and is boasting a 24-hour trading volume of $397,615,307.65, which is up by almost 200% in the lasy 24-hours. The altcoin is now just over 4% below its new ATH target record.
XMR Steps Closer to Bullish 4-Digit Price Target
Over the years, since the debut of Bitcoin (BTC) and the rise of Web3 and blockchain technology, several types of cryptocurrencies have emerged, and despite the transparent yet anonymous nature of these crypto assets, an added layer of privacy was appreciated. Thus, several privacy tokens, including Monero (XMR), came to be. Privacy tokens faced a lot of backlash due to their nature.
This feature was further bashed due to the lack of policies and regulations in the crypto and blockchain industry. Now, with clearer rules being set by global entities, not all privacy coins are able to survive. However, despite the challenges, Monero (XMR), one of the first of its kind, continued to stand and grow, both in popularity and value. This token holds high recognition and respect amongst the crypto community.
As we can see from the post above, this cryptotrader and analyst highlights how his prediction for the asset to hit a new ATH went just as expected. The altcoin went on to break through its $460 price barrier after testing there for the third time in 8 years. Will the altcoin go on to set an even higher ATH in the coming weeks and days? If altseason’s peak phase plays out as many expect, this outcome could be likely.
