Looks like Monero is soaring now at the XMR/BTC market. With this pace it can hit all time highs easily. It has already hit a local maximum, 4th time already, the 0.0042 BTC mark. The next high is at 0.0085 BTC, and with this pace, we might even hit it.
I think the fuel behind Monero's soar is the desperate need for fungibility and anonymity in Bitcoin, so it's value grows compared to BTC. There are more and more privacy invading tools, blockchain analysis, in bitcoin, therefore the demand for privacy is higher than ever.
http://www.getmonero.org/
Monero has a pretty sophisticated privacy system, some say it's the best there is, so this was pretty much an expected rise in Monero. Now if this demand persists, then Monero going higher would be a no-brainer.
I would certainly diversify my portfolio into this, I think we can make at least 20-30% profit here in short term, more on the longer term.
Disclaimer: This is not an investment advice, it's just my opinion and analysis. I am not responsible if you lose money!
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