Monero price extended its rally on Tuesday, pushing to fresh multi-month highs 
as the market continues to show interest in privacy-focused assets. At press 
time, Monero was trading near $690, up 8% on the day, capping a sharp move 
that…

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BitMine staked another 186,560 Ether, bringing its total staked to 1.53 
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Monero (XMR) has witnessed a sharp rally to a new record during the last few 
days, but social media suggests FOMO could be brewing in the market. Monero 
Has Shot Up To A New All-Time High Bitcoin and most other cryptocurrencies 
have been locked in consolidation recently, but Monero has been an outlier, 
with its price breaking away with a strong surge. Related Reading: Bitcoin 
Decouples From Global Liquidity: Analyst Says Quantum Threat Behind It Below 
is a chart that showcases how the asset&#8217;s recent performance has looked. The 
sharp rally has led to new all-time highs (ATHs) for the privacy-focused 
token, with the latest one coming earlier in the past day around $695. XMR has 
retraced a bit since this new high, but it&#8217;s still in a weekly profit of 51%, 
which is significantly higher than the returns of other top assets. For 
perspective, Bitcoin and Ethereum have seen returns of +1% and -2% in this 
period, respectively. Fellow privacy coin Zcash (ZEC) was flying earlier, but 
the asset has faced a steep 23% drop during the same window. Generally, 
rallies of the order that Monero has seen attract attention from traders, and 
data would confirm that the same has been true for the latest one as well. XMR 
Has Seen A Peak In Social Dominance Recently According to data from analytics 
firm Santiment, the Monero Social Dominance witnessed a spike recently. This 
indicator keeps track of the percentage of the Social Volume associated with 
the top 100 tokens that a given cryptocurrency is responsible for. The Social 
Volume here refers to a measure of the total number of posts/comments/threads 
on the major social media platforms that contain mentions of a given asset. In 
other words, it tells us about the amount of discussion that a particular coin 
is receiving from social media users. As such, the Social Dominance contains 
information about how the degree of talk surrounding a cryptocurrency compares 
against that of the top 100 coins combined. Here is a chart that shows the 
trend in this metric for Monero since the start of 2026: As displayed in the 
above graph, the Monero Social Dominance saw a huge spike on Sunday as the 
asset&#8217;s rally took off, suggesting social media interest in the asset shot up. 
Historically, a rapid surge in the Social Dominance has often corresponded to 
Fear Of Missing Out (FOMO) developing among traders, which is something that 
tends to not end well for rallies. Related Reading: Bitcoin HODLer Selloff 
Ending? LTH Outflows Decline Despite the crowd excitement, however, XMR has 
only continued to go up since the spike, setting new ATHs. Given the past 
pattern with digital asset markets, though, it only remains to be seen how 
long the coin can sustain its move. Featured image from Dall-E, chart from 
TradingView.com

Cryptocurrency price in LKR