A popular crypto analyst believes a privacy-focused altcoin is heading to new all-time highs even as the broader market loses steam.
Analyst and trader Kevin Svenson tells his 163,500 followers on X that Monero (XMR) is set up for a price explosion that may result in a more than 80% increase in its current value during the second half of 2026.
[adinserter block="1"]“XMR has been quietly building a two-year parabolic trend – now approaching all-time highs. The narrative: privacy. The play: Monero. If you’re bored with the crypto market, you’re simply not positioned correctly. The best opportunities hide in plain sight.”
Looking at his chart, the analysts suggests XMR may hit the $760 level around July 2026 as it forms “the best chart in crypto.”
Monero ranks among the top 10 privacy coins in terms of recent development activity, per new research from the analytics firm Santiment.
Santiment notes in a new post on X that Monero registered seven notable GitHub events in the past 30 days, making it the top sixth privacy coin based on development activity.
Development activity centered around a crypto project indicates developers believe in the protocol.
Monero is trading for $421 at time of writing, down 1.8% in the last 24 hours. With a market cap of $7.8 billon, XMR is the 22nd largest crypto project.
[adinserter block="1"]Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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