The value of Monero (XMR) has more than tripled in the last ten days moving from around $2.47 to $8.10 as at the time of this publication.
Described as the new digital currency that online drug-dealers have started to adopt because it enables them to conduct business with more anonymity, the price of two-year-old Monero skyrocketed lately, driven by the announcement of several darknet markets to accept Monero as payment.
AlphaBay, one of the most popular sites for buying drugs like liquid LSD and hybrid cannabis, said last week it has partnered Oasis to begin accepting Monero on 1st September 2016. This led to increased media coverage, attracting more speculators towards the currency.
Full story: https://www.cryptocoinsnews.com/untraceable-cryptocurrency-monero-is-booming/
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