Will Monero XMR price see more upside as privacy takes center stage?
last month that Monero, the first in the line of privacy coins, could be"used as part of a sanctions-evasion scheme."
"As a result of the difficulties in tracking and tracing the individuals involved in privacy coin transactions," Brookings explained. "The IRS has offered payments of $625,000 to those that can crack the privacy protections of Monero, Zcash, and other such cryptocurrencies." Monero's market capitalization has risen by almost 85% to $4.30 billion since February. While technical indicators suggest that it could grow further in the second quarter.This week, XMR broke above a downward sloping trendline that had been capping its upside attempts since May 2021.pattern, in combination with a parallel lower trendline acting as support.