Odaily Planet Daily reports that Monero’s price rose above $567 on Sunday, reaching a new all-time high. This increase continues the trend that began at the end of last year, when privacy tokens demonstrated greater resilience than the overall crypto market. Although Monero broke through the 2017 bull market cycle high after eight years, Ryan McMillin, Chief Investment Officer of Merkle Tree Capital, stated that since privacy coins are mainly traded on offshore exchanges, the concentration of liquidity could lead to fragmented price discovery and amplified volatility, and investors should be cautious of short-term price manipulation risks.
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