The Monero price set a new record on Friday, piercing the $100 threshold for the first time in its three-year history. This marked another important milestone for privacy-centric Monero, which has been on a year-long bull run
that began when the now-defunct darknet market AlphaBay began accepting it as payment in August 2016.
Like all coins, XMR has benefited from the general upswing in the markets, but it has also managed to increase its value against bitcoin, its largest trading pair
One year ago, the Monero price was just $4.10. It broke $10 in December and had doubled to $20 by March. When the markets began to go wild in April, May, and June, the XMR price punched through $50. The market downturn forced the Monero price down to the mid-$30s in July, but August has brought a resurgence.
During the month’s first three weeks, Monero mostly tracked the wider market movement, rising to $54 on August 21. However, it broke from the pack on August 21, spiking above $90 in less than 24 hours.