Share this article
Two-Week Rally Pushes Monero to New Record High
Following a two-month period in the doldrums, the price of the privacy-focused cryptocurrency monero has climbed to a new all-time high of over $155.
Updated Sep 13, 2021, 7:11 a.m. Published Nov 22, 2017, 11:35 a.m.
Following a two-month period in the doldrums, the price of the privacy-focused cryptocurrency monero has climbed to a new all-time high of over $155.
Having sat in the $80-$100 range since Sep. 18, monero first significantly broke above the $100 mark on Nov. 8 and has since continued to rally. Finally, at around 11:30 UTC today, monero peaked at a new record high of $156.09 – just topping the previous high of $154.58 set on Aug. 28.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
At press time, prices were still climbing. The gains for the eighth largest cryptocurrency by total value mark a 14.59 percent rise over the last 24 hours, and on a weekly basis, monero is up 27.07 percent, as per CoinMarketCap.
As is becoming a common theme in price updates across various cryptocurrencies, South Korean trading seems to be playing a part in the buoyant monero market.
Again going by CoinMarketCap data, Korean exchange Bithumb is responsible for 31.64 percent of the trading volume. However, European exchange BitBTC and U.S.-based Poloniex are posting significant volumes at 15.07 and 14.30 percent, respectively.
Monero's market capitalization is around $2.4 billion at press time.
Mountaineer image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
SGX's Crypto Futures Draw New Liquidity, Not Diverted Cash, Exchange Boss Says
Institutions are pursuing cash-and-carry arbitrage, not outright bullish plays, Syn said.
What to know:
- SGX's bitcoin and ether perpetual futures are building liquidity incrementally, Michael Syn, president of the Singapore exchange, said.
- Institutions are pursuing cash-and-carry arbitrage, not outright bullish plays, he added.
- The exchange's regulated perpetual futures offer improved risk-management practices, avoiding the high-leverage auto-liquidations common in unregulated markets.
Top Stories
