Monero’s value skyrockets after rumors that Bithumb plans to use this altcoin

Monero, the cryptocurrency which developers pay much attention to the user anonymity, is experiencing a price boom, the data from Coinmarketcap shows. This happened amid the news that one of the South Korean cryptocurrency exchanges and the biggest volume exchange in the world, Bithumb, plans to add Monero as an operable and convertible currency. The price jumped from $50 to $89 and it might not stop at this value. See the screenshot below for more detailed information and to estimate the cryptocurrency’s dynamics.

Source: CoinMarketCap

Although the rumors are massively circulating through the cryptocurrency community, there has been no official confirmation from any involved parties yet. This means that if the rumors don’t prove to be true, Monero will eventually drop to its former value.

This cryptocurrency is not in the top of the most popular, but it managed to attract the market’s attention with some interesting solutions that improve the user privacy. This has already been used by hackers who are responsible for the WannaCry ransomware attack — recently they converted the stolen funds to Monero.