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Altcoins & DeFi

Trending Privacy Coins XMR, VVV, and PHA on the Run: Can They Keep Pumping?

Image: CryptoPotato

While many leading cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), remain in red territory on a weekly basis, the privacy coins Monero (XMR), Venice Token (VVV), and PHALA (PHA) have posted substantial increases. Here’s what could trigger further rallies and their next potential targets. XMR’s Potential The asset’s price recently soared above $620 before retracing to the current $598. Ali Martinez was among the many analysts commenting on XMR after its pump, saying it appears to be pressing against the ascending triangle resistance on the hourly chart. He believes that an hourly close above $602 would confirm the breakout and set the stage for a jump toward $630.

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