Is it too late to buy Monero? Market Analysis for XMR

Monero (XMR) has shown notable strength, rising above 6% in a single day as trading volume surges by 11.32%. The cryptocurrency currently trades at $345.42, prompting questions about whether this signifies the start of another rally or merely a short-term recovery before a downturn. Analysts point to expanding DeFi applications and increasing institutional investments as key drivers for XMR’s recent surge. The exciting story is further fueled by Qubic, which has rapidly become one of the largest Monero mining pools in just two weeks, already ranking fourth in size.