Good to see what's happening with the XMR/BTC chart. Monero value should rightly be driven up because people value privacy.
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Was theft made. Someone stole around 3000 BTC and are currenty funneling funda through swaps into XMR. All artificial I'm afraid :/
That is real demand as the attacker wants privacy. I'd call pump and dump coordination over discord artificial.
They likely won't stay for dinner tho
Privacy is one tool Monero offers and does well. Financial privacy is not a reliable determinating factor of "practical demand". It's quite niche, despite being overwhelming popular amongst current Monero users. If XMR is to go beyond that point...There will need to be more proper demand growth. Also like I said before. These guys likely won't stay.
Time will tell. For the past year xmr has been a significantly better SOV than btc because of its superior usability as MoE.
Disclaimer : 99.9% of my stack is btc
I dunno if XMR has a SOV advantage over BTC. But as "black market" proper cypherpunk money. As things stand now, Monero is very good :)
It makes things very easy