Monero (XMR), the largest privacy-focused cryptocurrency by market capitalization, showed a 20% spike in price after the launch of the Atomic Swap program last week. On Friday, the Monero project officially announced the implementation of the Atomic Swap implementation, developed by the COMIT Network cross-blockchain protocol, in order to simplify trading between XMR and VTS. After the launch of Monero Atomic Swaps, XMR saw a noticeable spike, its price rose from about $265 on the day of launch to an intra-weekly high of $331. At the time of writing, according to the crypto tracking site CoinGecko, the cryptocurrency is trading at $318, which is about 2.4% lower over the past 24 hours. Following a solid bullish trend in the major crypto markets, XMR has grown by more than 50% over the past 30 days. Project participant Monero ErCiccione said that the recently introduced deployment of swaps is a completely new technology that allows users to exchange BTC and XMR without relying on a third party such as a cryptocurrency exchange. According to the announcement, users can now start testing XMR Atomic Swaps by downloading the software developed by COMIT.
Finance and Business Reporter
