{"id":231574,"date":"2021-04-20T22:32:24","date_gmt":"2021-04-20T19:32:24","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/atomic-swaps-and-network-upgrades-send-monero-xmr-price-to-a-3-year-high\/"},"modified":"2021-04-20T22:32:24","modified_gmt":"2021-04-20T19:32:24","slug":"atomic-swaps-and-network-upgrades-send-monero-xmr-price-to-a-3-year-high","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/atomic-swaps-and-network-upgrades-send-monero-xmr-price-to-a-3-year-high\/","title":{"rendered":"# Atomic swaps and network upgrades send Monero (XMR) price to a 3-year high"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3ee31cacd5e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3ee31cacd5e\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/atomic-swaps-and-network-upgrades-send-monero-xmr-price-to-a-3-year-high\/#Community_members_push_for_adoption\" >Community members push for adoption<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Atomic swaps and network upgrades send Monero (XMR) price to a 3-year high <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>As the 2021 bull market cycle unfolds with decentralized finance and nonfungible tokens, or NFTs, being two of the biggest driving forces for growth, old-school cryptocurrency projects have quietly been climbing higher as their established track records begin to attract traders who value a longer history of success.<\/p>\n<p>One such project that has been gaining traction in recent weeks is Monero (XMR), a\u00a0privacy-focused project that recently <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MoneroSpace\/status\/1383739778487570438\">celebrated<\/a> its seven-year anniversary and is now looking to take out its 2017 all-time high of $470. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-04\/8443b9cf-0a3d-4c71-89a5-ae53a8b444fa.png\"><figcaption style=\"text-align: center;\"><em>XMR\/USDT 4-hour chart. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/XMRUSDT\/\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>Data from Cointelegraph Markets and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/XMRUSDT\/\">TradingView<\/a> shows that since reaching a low of $134 on Feb. 1 the price of Monero has swelled 210% alongside a steady increase in trading volume and the network&#8217;s hash rate. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Community_members_push_for_adoption\"><\/span>Community members push for adoption<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Momentum for XMR saw a noticeable uptick in early February thanks to an effort by members of the Monero community to get XMR added as a payment option on Tesla&#8217;s website. <\/p>\n<p>While the proposal has thus far been unsuccessful, with Tesla only announcing support for Bitcoin (BTC) at this time, the effort succeeded in attracting wider attention to the Monero project and the privacy capabilities it offers. <\/p>\n<p>The project also received a boost in momentum following the successful <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/monero\/status\/1361399306943660035\">audit<\/a> of Bulletproofs+, the network\u2019s new zero-knowledge proving system that enables lighter, smaller Monero transactions. <\/p>\n<p>Following the market downturn in late February, the price of Monero traded in a tightening range through the month of March despite multiple adoption-related announcements, including the ability to use XMR to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/monero\/status\/1367517344210247683\">book<\/a> a private jet with TapJets and to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/travalacom\/status\/1356956981399965702\">book<\/a> <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">travel<\/a> arrangements through Travala. <\/p>\n<p>Monero has also received a significant boost in optimism due to the possibility of atomic swaps between XMR and BTC. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">ICYMI: Three different teams are working on atomic (trustless) Monero swaps!<\/p>\n<p>&#8211; Farcaster is a Bitcoin-Monero atomic swap project.<br \/>&#8211; COMIT team is working on a usable XMR&lt;&gt;BTC swap tool.<br \/>&#8211; THORChain is working on adding Monero to their cross-chain decentralised liquidity network.<\/p>\n<p>\u2014 Monero || #xmr (@monero) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/monero\/status\/1354495848391049218?ref_src=twsrc%5Etfw\">January 27, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In the time since the above tweet was posted in January, the Comit team has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/monero\/status\/1367883815314685953\">released<\/a> a functioning swap demo for community members to try out while THORchain has also <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/monero\/status\/1382646165456498688\">verified<\/a> that it is in the process of working with the Haven protocol to integrate Monero. <\/p>\n<p>Excitement for atomic swaps combined with the release of the Monero-based Haveno decentralized <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/monero\/status\/1380168343659950080\">exchange<\/a> on April 8 has resulted in a 66% surge in the price of XMR over the past two weeks and put its price within striking range of its old all-time high at $470. <\/p>\n<p>As institutional investors continue to gain exposure to the cryptocurrency asset class, more established projects like Monero are likely to be some of the first tokens that are explored, as evidenced by Grayscale Investments filing for a Monero trust\u00a0in January. <\/p>\n<p>This development \u2014 combined with a growing community, atomic swap functionality and real-world integrations \u2014 has XMR well positioned to see further growth as the current bull market cycle unfolds and the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>eal of cryptocurrencies continues to entice new investors.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, and you should conduct your own research when making a decision. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/atomic-swaps-and-network-upgrades-send-monero-xmr-price-to-a-3-year-high\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Atomic swaps and network upgrades send Monero (XMR) price to a 3-year high &#8221; As the 2021 bull market cycle unfolds with decentralized finance and nonfungible tokens, or NFTs, being two of the biggest driving forces for growth, old-school cryptocurrency projects have quietly been climbing higher as their established track records begin to attract&#8230;<\/p>\n","protected":false},"author":1,"featured_media":231575,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvMWQwYTQxN2YtZGI4Ni00NjZkLTlkOTQtZDJmYzEwNDljNGU3LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[15047,74867,88119,74894,74863,75916,74963,73785],"class_list":["post-231574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-privacy","tag-altcoin","tag-altcoin-watch","tag-blockchain","tag-cryptocurrencies","tag-dex","tag-monero","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/231574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=231574"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/231574\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/231575"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=231574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=231574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=231574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}