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Monero, a privacy-focused cryptocurrency, has faced considerable scrutiny due to its association with black market activities. Its reputation has resulted in major exchanges like Kraken, Binance, and OKX removing or suspending trading of Monero and other privacy coins. This negative perception among mainstream users has historically hindered its adoption.
However, despite these challenges, Monero has recently enjoyed a monumental price increase, which might indicate a shift in perception and strategy among investors. The growing fears around privacy and the efficacy of tracking technologies could be driving this resurgence.