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Crypto

Monero Surges on THORChain Upgrade and Privacy Coin Rotation

Guavy AI Editorial Team
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XMR RUNE
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Monero's price has surged by 3.63% over the past 29 hours, driven primarily by the THORChain upgrade to v3.20.

This upgrade introduced native XMR swaps, which created direct spot demand for Monero and reduced reliance on centralized venues.

The move is also part of a broader sector-wide rotation into privacy coins, with Monero as one of the main beneficiaries.

Additionally, technical breakouts and rising derivatives open interest have contributed to Monero's rally, attracting momentum traders.

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