Privacy -focused Cryptocurrency Monero

Has overtaken Litecoin and Toncoin to rank among the 25 best digital assets by market value.

The so -called flipping is characterized by XMR’s market value, peaking $ 7.5 billion, fighting in front of Ton’s $ 7.48 billion and LTC’s $ 7.35 billion, according to Data Source CoingeCko.

Monero (XMR) is a decentralized, peer-to-peer cryptocurrency with privacy-enhancing technologies to hide transaction details. It makes traditional economic tracking and interception methods largely outdated, which explains why criminals love cryptocurrency.

Earlier this year, a media offering associated with the Islamic State (ISIS) Pakistan provided a poster that called for contributions from “Jihad with wealth” and sought donations in Monero.

Still, prices for the controversial coin have risen over 100% to over $ 400 this year, and hit levels last seen in early 2021, Coindesk data shows. The rally is reportedly led by optimism about the impending privacy upgrade and rumors of re -listing in larger exchanges, including the US built Coinbase.

Meanwhile, Litecoin (LTC), considered silver for Bitcoin’s gold, has fallen 6% this year to trade under $ 100. Toncoin, deeply integrated into the social messaging -app telegram’s economy, has fallen 25% this year.