#monero Makes History Above $670: Privacy Trade Makes a Strong Comeback, Leaving 2021
Monero (XMR) has done what seemed impossible for years. The privacy-focused cryptocurrency not only surpassed its previous all-time high of $517 in May 2021, but also set a new all-time high of over $650, with the price touching $670 and the market clearly entering price discovery.
This move wasn’t just technical. It was the result of capital rotation, a strong privacy narrative, and a combination of events that brought Monero back to the forefront of the crypto market.
The data that confirms the new ATH According to the latest market data, XMR is up over 49% in a week, with its market capitalization exceeding $12.35 billion. Daily trading volume soared above $517 million, up more than 100%, clearly showing that the move is accompanied by real market participation and not just low liquidity.
With a total circulating supply of around 18.44 million XMR and no supply cap, Monero remains a unique case study in the crypto ecosystem, especially in times when narrative overshadows traditional tokenomics.
The 2021 high has broken down and the market has changed phase The 2021 high of $517 had been a benchmark for years. It was the end of the previous bull cycle for Monero and at the same time a psychological limit that many considered unreachable.
Its breakdown was not marginal. It was clean and aggressive. Once XMR broke through this level, the market entered pure price discovery, without historical resistance. This explains the rapid move from $550 to $670, with minor corrections in between.
Zcash, governance and the spark that ignited the rally A large part of the movement is attributed to the intense FUD surrounding Zcash. Developments in the project’s governance and the departure of key executives from Electric Coin Company caused serious uncertainty among investors.
The result was a clear rotation. Capital left ZEC and headed towards Monero, which is considered by many to be the “purest” expression of privacy in crypto, without compromises and optional features