According to Vikrant Sharma, CEO of Cake Wallet, driven by increased regulatory scrutiny and rising demand for financial privacy, Monero (XMR) has surged over 60% so far this year, reaching a historic high of nearly $680. Despite the dominance on social media and the volume of futures trading indicating significant speculation and potential overheating risks, analysts warn that due to lagging development activity, short-term fluctuations and corrections may still occur, even though the long-term outlook remains optimistic.