Can XMR pull off a moon shot leading up to the March 14th MoneroV hardfork?

As you can see on the chart, XMR broke out above its moving averages and is showing signs of upward momentum.

This is a good sign for anyone that's bullish on XMR as both breakouts prior to this one led to some pretty substantial gains.

How The Hard-fork Could Effect This Move

If the privacy coin community keeps buying up XMR to claim free MoneroV coins at the upcoming fork we could potentially be looking at new record highs next week.

We saw Litecoin move up from $160.00 to the $220.00 range leading up to the Litecoin Cash fork several weeks ago. Following the fork Litecoin moved even higher to the $250.00 range.

Whats different about this scenario is that we are not hearing the amount of negative press around the XMR fork like there was with the LTC fork.

MoneroV Hard-fork

What the fork is it all about?

Apparently there is concern of potential centralization in the XMR mining operations that prompted the decision to bring about the fork in order to prevent this from happening. More details regarding this here.

The good news for anyone holding Monero in a private wallet at the time of the fork is that they get 10 MoneroV coins for every 1 Monero.

For more info on the fork visit the official MoneroV Website.

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