Monero [XMR] defies overall market lag, pumps 11% on weekly charts

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Monero was a top weekly gainer amid renewed global interest following privacy concerns after Telegram's Durov arrest. What's next for XMR?

The Futures market was still bullish on the altcoin at the time of writing.was one of the outliers in the weekly charts despite a broader market sell-off.

Given the overall perceived ‘attack on free speech’ following Durov’s arrest, most users might have renewed interest in privacy-focused assets.Amid peak interest in late August, XMR exploded 12%, rallying from $152 to $172. However, it has been consolidating around $170 in the past few days. However, at the time of writing, XMR had stayed above the supply for the past three days but didn’t strongly extend the recovery that began in August.

 

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