Many coins are in the green today, including Monero (XMR), Bitcoin Cash (BCH), Nano, and Global Jobcoin (GJC).
Monero is currently selling for $302.34, putting the coin up 4.16% in the past 24 hours.
On the whole, for the week, XMR is up. Monero is going to be hard forking to MoneroV (XMV) in mid-March, which could explain the coin’s growth. Holders of XMR will receive a ten times airdrop of the new XMV tokens, so long as their XMR is in a Monero wallet. People may be buying up Monero now in order to benefit from the upcoming airdrop.
There are similar concerns regarding the MoneroV hard fork as there were about Litecoin Cash, namely that it won’t be supported by exchanges and that entering private key data into the new wallet may allow access to the original wallet. Whether these concerns are founded remains to be seen.
MoneroV is meant to solve the scaling problems of Monero.
It will be interesting to see the movements of Monero leading up to the fork of MoneroV. Will XMR continue to grow? What will happen to Monero once the fork happens?
Bitcoin Cash (BCH)
Speaking of forks, Bitcoin Cash is currently selling at $1,288.79, putting BCH up 5.60% in the past 24 hours.
BCH experienced a large dip at the beginning of February when it dropped below $800. Because of this, although Bitcoin Cash has mostly grown since then (after another small dip last week), the coin is about on par with where it started a month ago. Because of this stagnant growth, it seems unclear where BCH will go from here – up or down?
Nano is currently selling for $16.21, putting the coin up 15.90% in the past 24 hours.
Nano reached a high of $16.75 today and although it has dropped off since then, the coin looks set to grow once more.
Featured image: Mjolnir Security