Privacy is totally undervalued in todays market. Monero is tried and proven and worth of an adequate valuation. Specially over projects with dubios fundamentals like mobilecoin - what i consider to be a shitcoin.
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This is the best case scenario for xmr with high volume of txs from btc<->xmr via atomic swaps. Such an event would trigger a price adjustment in the xmrbtc ratio and would carry forward to the usd valuation as is seen in the chart.
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Happy Birthday Monero and Happy 4/20 to those out there that celebrate it.
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Monero ATH
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Buy Signal for Monero. I'll be buying through the Summer