Monero Rallies Ahead of March Hard Fork

Investing - Monero has moved into the top ten cryptocurrencies based on market capitalization ahead of its hard fork in mid-March.Over the past month, Monero's XRM token has rallied 90% from its early February low, touching a high of almost $380.Monero now has the ninth largest market cap at $5.48 billion.A hard fork is expected to take place sometime on March 14, resulting in the creation of MoneroV. When the split takes place, Montero holders will receive ten of the MoneroV coin, the XMV, for each Montero token they own. Monero was launched in mid-2104 and is known for its security and privacy, which has made it popular among cybercriminals. Its blockchain, for instance, is capable of hiding the value of transactions.Not much is known about MoneroV, but it is expected to solve the scaling problems of Monero and other cryptocurrencies.

(Source: Investing TV, March 8, 2018 at 02:53PM)

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