Why are Monero, Story and Render rallying today?
Monero (XMR) leads the crypto market recovery, posting roughly 23% gains over the last 24 hours, suggesting renewed interest in privacy coins. Additionally, Story (IP) and Render (RENDER) with double-digit gains sustain bullish momentum. Technically, Monero at record high levels could further extend gains, while Story and Render should sustain above key moving averages.
Monero at record high levels gains bullish momentum
Monero approaches the $600 mark, extending the rally in price-discovery mode. At the time of writing, XMR is up 5% on Monday, building on the 18% gains from the previous day. Overall, XMR has gained nearly 35% so far this month as the Zcash developers’ crisis boosts capital rotation to Monero.
If Monero clears the $600…
