A popular crypto analyst believes a privacy-focused altcoin is heading to new all-time highs even as the broader market loses steam.
Analyst and trader Kevin Svenson tells With its 163,500 followers on
“XMR has been quietly building a two-year parabolic trend that is now approaching an all-time high. The story: privacy. The game: Monero. If you’re bored with the crypto market, you’re simply not positioned correctly. The best opportunities are hidden in plain sight.”
Looking at its chart, the analysts suggest that XMR could reach the $760 level around July 2026 as it forms “the best chart in crypto.”
Money ranks among the top 10 privacy coins in terms of recent development activity, according to new research from analytics firm Santiment.
Santiment notes in a new post on
Development activities around a crypto project indicate that developers believe in the protocol.
Monero is trading at $421 at the time of writing, down 1.8% in the last 24 hours. With a market cap of $7.8 billion, XMR is the 22nd largest crypto project.
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