Monero Surges Like Hard Fork "MoneroV" Approaches - But Buyers Attention!

Monero is surfing high this week as the hype surrounding the soon to be forked MoneroV swells - but will it last?

When Moonero?
In just the duration of just one week, Monero (XRM) has seen its price surge by more than 33%. This time last week, Monero was trading under $ 275 per chip. Now, a chip costs $ 366 and is almost at its all time high in terms of its comparative Bitcoin.

Monero's price leadership towards the Moon is the imminent hard-core cryptocurrency-driven life fork On March 14, Monero will welcome a new member to his blended family. MoneroV.

At the time of the fork, Monero wearers will receive free MoneroV chips in a ratio of 1:10 - which means that for every 1 Monero token someone owns, they will receive 10 MoneroV chips.

Of course, everyone loves free chips, and the lure of free money has led many investors to rank 9th by crypto-currency market capitalization - but is it too late to buy in?

Rise and Fall

Traders who buy Monero simply free chips need to be aware of the pre-fork pump and discharge that usually takes place before these rather mundane events.

In fact, look no further than Ethereum Classic (ETC), which has a newly created Callisto airdrop tokens scheduled on March 5th.

ETC tokens traded at nearly $ 0.44 on February 20, speculators drove the price up to take advantage of the pre-parachuting hype Since then, the price of the ETC has plummeted to nearly $ 0.29 while savvy investors cashed their profits -. And the parachute has not even happened yet.

In short, those who bought ETC only for the "free money" offered by receiving Callisto chips could still potentially find themselves at a loss after the parachuting occurs.
Monero already has the reputation of being one of the most attractive privacy pieces for investors - so why the fork?
Orks do not always get along better with the crypto-currency base community, as evidenced by the rather one-way civil war that has taken place since Bitcoin Cash (BCH) - also known as forked Bitcoin's BCASH.

If MoneroV will play well with Monero remains to be seen.