đ Monero (XMR) Explodes to New Record High After UAE Privacy Coin Ban
Monero is stealing the spotlight. XMR surged 44% in just 7 days, hitting a new all-time high, even as the UAE moved to ban privacy-focused cryptocurrencies. Instead of slowing down, Monero flipped the narrative and outperformed the entire crypto market.
đ Why is $XMR pumping?
⢠Monero reclaimed its crown as the largest privacy coin, overtaking Zcash by market cap
⢠Privacy-focused assets have outperformed the broader market for 3 straight months
⢠Strong accumulation phase before the breakout signaled smart money positioning
đ Meanwhile, Zcash struggled after its core development team exited amid governance disputes, sending ZEC down ~15% in a day.
đ Technical outlook:
XMR has broken above a multi-year resistance, a level that capped price action since the last cycle. Momentum indicators now resemble past expansion phases suggesting the trend could continue as long as price holds above the breakout zone.
đ§ Market insight:
Data from Santiment shows rising momentum, though traders are advised to watch social metrics closely. Analysts also point to growing global demand for financial privacy as a key theme heading into 2026.
đĽ Veteran trader Peter Brandt compared Moneroâs structure to a historic silver breakout hinting this move may still be in its early stages.
Even at record highs, XMRâs dominance remains below previous cycle peaks leaving room for further upside.
đĽ Is this the start of a long-term privacy coin supercycle?
đ Whatâs your take?
