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Atomic swaps and network upgrades send Monero (XMR) price to a 3-year high

April 20, 2021. Summarized by summa-bot.

Compression ratio: 40.8%. 1 min read.

Monero price is closing in on its 2017 all-time high as network upgrades, atomic swaps and real-world integrations catch the attention of retail and institutional investors.

Monero price is closing in on its 2017 all-time high as network upgrades, atomic swaps and real-world integrations catch the attention of retail and institutional investors.

One such project that has been gaining traction in recent weeks is the Monero (XMR), a privacy-focused project, which recently celebrated its 7-year anniversary and is now looking to take out its 2017 all-time high at $470.

Monero has also received a significant boost in optimism due to the possibility of atomic swaps between XMR and BTC.

ICYMI: Three different teams are working on atomic (trustless) Monero swaps!- Farcaster is a Bitcoin-Monero atomic swap project. - COMIT team is working on a usable XMR<>BTC swap tool. - THORChain is working on adding Monero to their cross-chain decentralised liquidity network. — Monero || #xmr (@monero) January 27, 2021

Excitement for atomic swaps combined with the release of the Monero-based Haveno decentralized exchange on April 8 has resulted in a 66% surge in the price of XMR over the past two weeks and put its price within striking range of its old all-time high at $470.

This development, combined with a growing community, atomic swap functionality, and real-world integrations has XMR well-positioned to see further growth as the current bull market cycle unfolds and the appeal of cryptocurrencies continues to entice new investors. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. com.

by summa-bot

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