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Monero (XMR) has officially reached a new all-time high after reaching $598. Its market value has also surpassed $10 billion for the first time. Many analysts remain optimistic and believe that the move has only just begun.
Veteran trader Peter Brandt added to the optimism by comparing the price behavior of XMR to silver.
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Could Monero become the “silver” in the cryptocurrency market?
On January 12, price data from BeInCrypto showed that Monero indicator (XMR) has risen more than 30% since the previous Saturday. It was trading above $585 with a market value of more than $10.7 billion.
The trading volume also increased above $300 million. This is the highest level last month. This move pushed XMR above the previous session high of $515. Analysts believe the rally may continue.
“The price continues the aggressive upward trend. It breaks the previous resistance levels with strong momentum and a slight decline. The structure remains very optimistic. Buyers enter every dip, and there are no clear signs of distribution yet, He said Analyst 0xMarioNawfal.
Peter Brandt compared the price action of XMR to the historical crash of silver. Check out XMR on the monthly chart and Silver on the quarterly chart.
Both show major peaks in the past that form a long-term resistance trend line. Later, silver broke the trend line and printed a strong “God’s candle”.
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As usual, Brandt did not provide a specific price for XMR. However, the comparison suggests that a similar divine candle may appear on the monthly chart of XMR if the trend line breaks.
XMR’s dominance has also risen to its highest level since 2023. This metric measures XMR’s share of the total cryptocurrency market capitalization.
The price has reached an all-time high while the dominance is still relatively low. This combination indicates additional potential. It indicates that capital can move from other altcoins to XMR.
Monero may attract attention amid geopolitical tensions
Monero has many reasons to overcome in 2026. A recent report from BeInCrypto highlighted Highlight at least three factors. These include growing demand for privacy as tax enforcement tightens and investor confidence shifts The Zcash team has disappointed with its holders.
Geopolitical tensions may add another headwind.
Tether recently Freeze over $182 million in USDT Through five portfolios you can see links to illicit finance. male TRM Labs reports that TRON’s stablecoin USDT has been used in IRGC-related funding streams. More than $1 billion moved through companies registered in the United Kingdom.
Iran also used more than $2 billion From digital currencies to funding proxy militias and bypassing sanctions.
When non-private stablecoins and altcoins can be tracked and frozen, capital tends to look for safer routes. In this atmosphere, it is likely to become Monero A preferred option.
