A popular crypto analyst believes that a privacy-focused altcoin is heading towards new all-time highs even as the market as a whole loses steam.
Analyst and trader Kevin Svenson tells his 163,500 followers on
“XMR has quietly built a two-year parabolic trend – now approaching all-time highs. The story: Privacy. The game: Monero. If you’re bored of the crypto market, you’re simply not properly positioned. The best opportunities are hiding in plain sight.”
Looking at its chart, analysts suggest that XMR could reach the $760 level around July 2026 as it is “the best chart in crypto.”
Monero ranks among the top 10 privacy tokens in terms of recent development activity, according to a new study from analytics firm Santiment.
Santiment notes in a new post on
Development activity centered around a crypto project indicates 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 capitalization of $7.8 billion, XMR is the 22nd largest crypto project.
 
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