Yes, XMR has risen greatly, but it's far from done. Just look at the relevant metrics. Reddit subscribers, IRC activity, Github activity, third party services, etc. Now compare these to other cryptocurrencies. For most of the metrics, Monero is right behind Ethereum. However, Monero's market cap is 16x smaller than Ethereum. So my view is that Monero is still underpriced. I can't see how it doesn't move up to #5 or higher.


Monero's biggest problem was lack of awareness. People mistakenly thought that Bitcoin was anonymous, and the Monero team was busy making Monero rock solid. The last few days have resulted in a tremendous increase in awareness of Monero. People are starting to realize that their Bitcoin is completely traceable, and Monero is perfectly positioned to benefit. Another 5x increase is not just possible, but very likely. If you're worried about buying at a high price, then distribute your buys over time.