Monero Price Hits New High, Rises to $567

Odaily News Monero's price rose above $567 on Sunday, reaching a new all-time high. This rally continues the trend that began at the end of last year, when privacy tokens demonstrated greater resilience compared to the broader cryptocurrency market. Although Monero has once again surpassed its 2017 bull market cycle high after eight years, Ryan McMillin, Chief Investment Officer at Merkle Tree Capital, noted that as privacy coins are primarily traded on offshore exchanges, concentrated liquidity could lead to fragmented price discovery and amplify volatility. He cautioned investors to be wary of short-term price manipulation risks.