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.
In the next 5 days the price monero increase upto $139 based on "WorldCoinIndex"
Factors that Raises Monero Price
The primary factor influencing XMR price movement is the Bithumb listing, but there have been two other factors that could be buttressing the coin’s rally. First, the Hong Kong-based LocalMonero.co launched to provide the community with a peer-to-peer exchange platform similar to LocalBitcoins.com.
Second, news broke this week that the U.S. Internal Revenue Service has been contracting with a blockchain analysis firm since 2015 to track and unmask U.S. residents who they believe are not paying taxes on bitcoin-related income or are using bitcoin to hide assets from the government. News like this could drive the privacy-conscious toward anonymity-centric altcoins such as Monero, Dash, and Zcash.
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